Greek News
Economy
Skopje Challenges Athens by Blocking Greek Bank Capital Withdrawal
Skopje showed its true colors to Athens once more, after central bank head Dimitar Bogov announced on Friday that his country bans Greek bank owners with assets in FYROM to pull out their capital unless they offer their holdings for sale.
Bogov revealed his...
Economy
Greek State Minister: Wherever the IMF Goes, Harsh Austerity Is Imposed
Greek Minister of State for Coordinating Government Operations Alekos Flambouraris left insinuations over the International Monetary Fund's stance and referred to "games on IMF's part" speaking to Greece's public broadcaster ERT on Friday.
He also proposed the IMF's withdrawal from the negotiations and...
Economy
Greek Main Opposition Leader Makes New Appeal for 'National Understanding'
Greece's main opposition New Democracy leader Antonis Samaras made a new appeal to the government on Friday for a "national understanding" regarding the Greek crisis, stressing that "the games and lies are over... It is a time of responsibility for everyone."
"We proposed...
Economy
Senior EU Officials Examine Greek Default Scenario For The First Time
As the current talks between the Greek government and institutions are still at a stalemate and uncertainty is diffused across Europe over Greece's ability to meet its end-June debt deadlines, senior European officials decided to extensively discuss a potential Greek bankruptcy for the...
Economy
Athens Stock Exchange Index Slipped 4.4 Percent
The Athens Stock Exchange Index slipped 4.4 percent on Friday and shares in Greek banks fell as much as 8.8 percent. Returns on Greek bonds crept upward to 25.439 percent.
Europe's main stock markets were also down on Friday. Germany's...
Economy
PM's Representatives in Brussels On Saturday; Greek Side Ready to Submit Counter-Proposals
The Greek side is ready to submit counter-proposals in order to bridge the remaining differences with the institutions, exactly as agreed during the prime minister's meetings in Brussels with French President Francois Hollande, German Chancellor Angela Merkel and European...
Business
Number of Foreign Visitors to Athens, Greece Increased Jan-May
The number of visitors to Athens and the Attica region increased in the period January-May, according to a report on Greek Travel Pages website.
Citing figures released by the Athens-Attica & Argosaronic Hotel Association, during the January-May 2015 period, the...
Greece
Athens Homeless Top 17,000 as Housing Benefit Reaches First 1073
A housing benefit ranging between 70 and 220 euros a month will start to be handed out from Friday, initially going to just 1073 individuals throughout the country, Greek Alternate Labour and Social Insurance Minister Theano Fotiou informed Parliament.
At...
Economy
Foreign Media: Greece's Creditors Losing Their Patience
According to foreign media reports, German Chancellor showed her discomfort after her last meeting with Greek Prime Minister Alexis Tsipras in Brussels. The German chancellor is now considering the possibility of a Grexit as time is running out. Every...
Crime
Police Find Weapon Used in Greek-American Businessman Murder
According to the U.S. police a baseball bat was the weapon used to murder Greek-American businessman Savvas Savopoulos. Savopoulos' wife Amy, their 10-year-old son and their 57-year-old housekeeper, were also found murdered in the family's Washington home a few weeks ago.
NBC Washington has...
Greece
Greek Debt Restructuring 'Essential' Economist Philippe Legrain Tells Parliament Debt Inquiry
A restructuring of Greece's debt is absolutely essential, otherwise the chances of a recovery for the country are extremely slim, political economist Philippe Legrain said, in a public hearing before the "Debt Truth" Committee in the Greek Parliament.
A one-time...
Greece
SYRIZA Retains 14.6 Percentage Point Lead According to Poll
The SYRIZA party is still 14.6 percentage points ahead of main opposition New Democracy according to a nationwide Marc poll published by Alpha.
In terms of voter intent, SYRIZA is first with 34.2 pct, followed by ND with 19.6 pct,...
Economy
Eurogroup Chief: Greece Must Make Tough Decisions, But Deal Is Possible
Eurogroup President Jeroen Dijsselbloem said that "Greece must make difficult decisions to avoid a default," but a deal is still possible before June 30.
The Eurogroup chief argued that an agreement with creditors by the end of June is still possible,...
Economy
Greece Optimistic About Deal Despite IMF Walkout, Europe Warns Time is Running Out
"I hope that the deal will come very soon, on June 18, when the Eurogroup takes place," said State Minister Alekos Flabouraris on Greece's national broadcaster ERT on Friday morning.
Flabouraris, who is also a close aid to Greek Prime...
Economy
Merkel Considering Grexit As a Solution
According to the German newspaper Bild, even the German Chancellor Angela Merkel is now considering the Grexit, as a viable solution to Greece’s issues.
The German newspaper noted that after the meeting between Greek Prime Minister Alexis Tsipras, French President...