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Greek News

U.S. Treasury Secretary: 'Athens Should Reach A Compromise With Creditors'

U.S. Treasury Secretary Jack Lew spoke with Greek Prime Minister Alexis Tsipras over the phone on Monday morning in an effort to urge the Greek government to move with reliable proposals toward an agreement with creditors, a Treasury official revealed. After his phone conversation...

No Deal Today for Greece, 'New Proposal Is Good Basis for Talks,' EU Officials Say

The new Greek proposal is a good basis for further talks but no deal can be reached today at the emergency Eurozone summit, said Eurogroup President Jeroen Dijsselbloem. Greece's creditors said that they did not have time to evaluate the new...

Τhe Μystery of the Antikythera Shipwreck Further Unfolds

The Ephorate of Underwater Antiquities, in collaboration with the American Woods Hole Oceanographic Institution, has completed the digital underwater surveying and dimensional precision display of the Shipwreck of Antikythera. Last year's imprinting pinpointed the exact shipwreck site of the vessel...

Thessaloniki: Blogtrotters 2015 Goes Viral on Social Media

Forty-five travel, lifestyle and urban bloggers from Germany, France, UK, Spain, Italy, Austria, Switzerland and Poland participated in Blogtrotters 2015, an annual event for the promotion of Greece and especially Thessaloniki, Halkidiki and Mount Olympus. This year, the event...

Greek Public Sector Pensioners Reach Almost Half a Million in 2014

The number of public sector pensioners reached 468,422 in 2014 and cost almost 6 billion euros, while 55.176 were added in the past five years, according to figures given by the General Accounting Office. The figures were presented to the...

Greek Labor Minister: No Cutbacks in Pensions and Social Insurance

"The Government's stable efforts to defend Greece's interests and to reach a mutually acceptable deal  defines the possibilities for an agreement," Greek Labor Minister Panos Skourletis on Monday stated to VIMA FM. Skourletis said that "we have reached a...

Greek PM Tsipras: Our Aim Is to Achieve an Economically Viable Agreement

Greek Prime Minister Alexis Tsipras, upon his arrival at the European Commission headquarters in Brussels on Monday, referred to the key points of the agreement proposed by the Greek government. Tsipras is currently meeting with European Commission President Jean-Claude Juncker....

ECB Approves Additional Liquidity for Greek Banks

According to Reuters the European Central Bank (ECB) raised emergency funding for Greek lenders for the third time in less than a week. The Governing Council increased the cap on Emergency Liquidity Assistance in a telephone conference on Monday, and...

Τhe Largest Contingent of Greek Winemakers Tour in Australia

The Interprofessional Organisation of Vine And Wine of Greece noted that the Australian wine and hospitality industries will have the opportunity to dive into the most comprehensive Greek wine masterclass series ever held in the country, as the largest...

'I Will Not Vote for VAT Increase in the Greek islands', Warns Defense Minister

Greek Defense Minister Panos Kammenos warned the government that he will not support an increase on value added tax in the islands. The leader of Independent Greeks (ANEL), junior coalition partner in the SYRIZA-led government, said that he is prepared...

Greece Sends New Proposal Ahead of Emergency Euro Summit

The Greek government sent its new proposal to the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) around 1:00 am on Monday. The European Commission chief of staff Martin Selmayr confirmed that the new, improved...

Grexit – Critical Times for Greece

Yesterday, supporters of Greece against IMF EU-Troika’s economic blackmailing tactics to break down the Greek spirit brought thousands of people out into the streets. It was a great success attracting masses of people of all nationalities to flood squares...

Greek Islands Can't Handle Mass Migrant Influx

The situation in several islands of the Aegean Sea is out of control as hundreds of refugees and irregular migrants arrive daily from the coasts of Turkey, creating grave problems to local communities. Refugees from war-torn Syria and irregular migrants...

Italian PM and French President Optimistic Over an Agreement Between Greece and its Creditors

Italian Prime Minister Matteo Renzi and French President Francois Hollande on Sunday, during a press conference given after their meeting in the international exhibition in Milan, expressed their optimism that a solution between Greece and its creditors will be...

Main Opposition Leader Samaras Proposes National Consensus

Greece's stay in the eurozone is non negotiable, main opposition New Democracy (ND) leader Antonis Samaras said in an interview with Sunday's Kathimerini newspaper. "Greece's exit from the eurozone," he said "it would have serious repercussions." Samaras also stressed the...