Greek News

The dreaded "memorandum," the dirtiest 10-letter word in Greece's recent vocabulary, is back on the lips of Greek people. A simple business term that became the word that shall not be spoken is now back, with a vengeance. The unspoken...

Leading chess player and major political activist Garry Kasparov was invited in Athens by the Stavros Niarchos Foundation to play chess with 15 young Greek Champions at the Stavros Niarchos Park on Thursday, in the presence of thousands of...

The prospect of an agreement continues to test SYRIZA’s strength, while talks are being held under stressful conditions. The catalytic role in bridging the gap and reaching an agreement will be played by German Chancellor Angela Merkel and Greek...

The Chinese Foreign Ministry spokesman Lu Kang noted that he has not been informed on whether his country would provide assistance to Greece, while he expressed the hope that Greece can overcome its debt crisis soon. According to Reuters, Lu...

The new Greek proposal that includes an estimated 8 billion euros in tax revenues and reforms in pension laws has caused reactions among several members of the SYRIZA coalition government. The reactions ranged from mild to extreme, with some SYRIZA...

The Greek negotiating team is working feverishly to come to a staff level agreement with the lenders' representatives in order to present it to Wednesday's emergency meeting of Eurozone finance ministers. According to sources close to creditors, who prefer to...

The government is very close to an agreement with the creditors, Greek government spokesman Gavriil Sakellaridis on Tuesday said in statements to private SKAI TV. Referring to VAT on islands, he said that Greek Prime Minister Alexis Tsipras has...

Greek Prime Minister Alexis Tsipras spoke with reserved optimism after coming out of the emergency Eurozone summit on the Greek debt in Brussels a little after midnight on Monday. "We presented our proposal to the institutions, a proposal that includes...

The 11th annual AHI-Athens Hellenic Heritage Achievement and National Public Service Awards Dinner, held on May 27 at the Grande Bretagne Hotel in Athens, Greece, honored Constantine Galanis and the ACS Athens-American Community Schools. More than 270 AHI friends and...

The European Central Bank (ECB) again increased emergency liquidity funds for Greece 's banks Tuesday, Reuters reports. The amount of the new increase of the ECB's Emergency Liquidity Assistance (ELA) was not specified. The ECB's governing council held a teleconference on...

Bank of Greece (BoG) Governor Yannis Stournaras was asked to appear before a parliamentary committee on Monday but sent a letter to Parliament President Zoe Konstantopoulou, informing her that he wouldn’t be able to attend before July 6, due to prior...

Greek Prime Minister Alexis Tsipras was reassured by European Central Bank (ECB) President Mario Draghi during their half-hour meeting in Brussels on Monday that the stability of the Greek banking system is ensured until the end of the country’s aid...

The Greek Parliament's Public Debt Committee aims at assisting Greece’s sustainable path within the Eurozone, President of the Hellenic Republic Prokopis Pavlopoulos said on Monday as he received the Committee’s report by Parliament President Zoe Konstantopoulou at the Presidential Mansion. “The work and...

The European Union will use submarines, warships, drones and helicopters in an operation to gather intelligence on gangs who smuggle thousands of asylum-seekers to Europe from Libya, officials said on Monday. EU foreign ministers agreed at a meeting in Luxembourg...

Greek stocks rebounded strongly in the Athens Stock Exchange on Monday, recording one of their biggest daily rallies amid speculation that the Greek government and its creditors are closer to reaching an agreement. Bank shares were at the focus of buying activity,...