Greek News
Economy
Obama and Merkel Call on Greece to Make Tough Choices as Time Is Running Out
U.S. President Barack Obama expressed his support on Monday regarding all tough political decisions and choices that will allow the Greek government to secure a vital bailout deal in order to remain in the Eurozone and return to growth and prosperity.
After...
Ancient Greece
Viral Infographic on Ancient Greek Gods' Family Tree
An infographic created by TheArtistFormerlyKnownAsTheBabyAteMyDingo and uploaded on imgur.com, depicting the ancient Greek gods’ family tree, has gone viral. From Gaia to Kronos, Zeus and Athens, the infographic covers a large part of the genealogical tree. However, as the creator...
Crime
Golden Dawn Trial Suspended Once Again for June 22
The Golden Dawn trial was adjourned yet again and is set to resume on Monday, June 22, at a specially designed courtroom at Attica’s high-security Korydallos Prison due to defendants' objections.
The presiding judge accepted the objections of the defense lawyers who called for...
Economy
Greek Gov't Examines Changes in VAT Proposals
The Greek government is examining changes in its proposals on VAT in an effort to find a commonly-accepted formula with the country's creditors.
Speaking to ANA-MPA, government officials said that these changes would not lead to revenues of 1.8 billion...
Economy
Moody's and JP Morgan Talk About Capital Controls Due to Large Outflows
Moody's and JP Morgan warned that the continuing outflow of deposits from Greek banks has significantly increased the risk of Greek authorities imposing capital controls to limit them. Indeed this would be a credit negative event for Greek banks.
According...
Greece
Greek Footballer Kyriakos Papadopoulos Signs on to Bayer Leverkusen
Greek football player Kyriakos Papadopoulos has transferred to Bayer Leverkusen permanently after signing a five year contract.
At the beginning of his career the 23-year-old defender used to play for Olympiakos, before joining Schalke 04 in 2010. On August 2014,...
Economy
Government Spokesman: 'Greece Willing to Compromise with Creditors'
"The main issue of the negotiations is to have a medium-term settlement of the financing gap and liquidity and to reach one single agreement," government spokesman Gavriil Sakellaridis said on Monday, during the press briefing. He also left open...
Economy
Coordinator of Negotiation Group Tsakalotos in Brussels on Monday
Greek Alternate Foreign Minister for International Economic Affairs and coordinator of the Greek negotiation group Euclid Tsakalotos leaves on Monday for Brussels, following days of acrimony over rival reform proposals for a deal that will unlock Greece’s last remaining...
Economy
Greek Parliament VP: Creditors' Text Manifesto of Social Genocide
Parliament Vice-President Alexis Mitropoulos estimated on Monday, during a statement to ANT1 TV, that Greece's creditors are not going to retreat in their negotiations with Athens.
"I have the feeling that the creditors will not retreat, that we are in...
Economy
Varoufakis – Schaeuble Meeting Ends With No Concessions
There were no concessions during the meeting between Greek Finance Minister Yanis Varoufakis and his German counterpart Wolfgang Schaeuble, which took place today, June 8, in Berlin.
The German Finance Ministry announced that there would be no press conference after...
Greece
Greek Party 'Democratic Left' Elects New Leader
Democratic Left (DIMAR), a small center-left Greek political party, has elected a new leader, 36-year-old Thanasis Theocharopoulos, who will replace Fotis Kouvelis.
DIMAR participated in the previous Greek coalition government, along with New Democracy and PASOK, between June 2012 and...
Cyprus
Cyprus Gas Field Declared Commercially Viable by Joint Venture Researching the Area
The "Aphrodite" natural gas field discovered in Cyprus’ exclusive economic zone (EEZ) has been declared commercially viable by the three companies owning rights on the field, known as block 12, the country’s Energy Ministry announced on Sunday.
“Noble Energy...
Economy
Defense Minister Urges Greeks to Stand Behind Govt
National Defense Minister Panos Kammenos urged all Greeks on Sunday to unite in the Greek government’s current struggle to achieve a deal, regardless of political convictions, during a visit to the town of Souli in western Greece.
Speaking at...
Business
Greek Luxury Auto Market Sales Suffer Instability
Since the Greek government announced that car taxes will change, luxury car sales have been led to a halt as there is no clear indication of how or when this will happen, journalist Alastair Good mentioned in his article published in British newspaper Telegraph.
According to...
Economy
Obama and Merkel Stress the Need for Greek Reforms
U.S. President Barack Obama visited Krün, Germany, on his way to the G7 summit, where he was greeted by alpine horns and men in traditional lederhosen attire. He met with German Chancellor Angela Merkel and discussed about the recent developments regarding the Greek...