Greek News

EU Commissioner for Economic and Financial Affairs Pierre Moscovici referred to Monday’s Eurogroup meeting and spoke of balanced decisions that allow the start of the technical processing of the proposals with the Greek authorities. Arriving at the ECOFIN meeting, he...

A new political cartoon about Greece depicts the tension between the crisis-stricken country and the way the European Union views its reluctance to implement reforms required by the bailout program. Political cartoonist Carlos Latuff uses German Chancellor Angela Merkel as...

Monday's Eurogroup did not come to a decision about Greece's bailout, thereby the European Central Bank cannot continue funding the country yet. Greece will be in a dire situation by the end of April, as Prime Minister Alexis Tsipras himself...

The Greek government hopes to reach agreement with institutions a lot sooner than April 20, Greek Finance Minister Yanis Varoufakis said in Brussels on Monday, calling the Eurogroup meeting he attended "an important step to the successful application of...

Cave explorers in Israel have discovered a small treasure of coins and jewelry dating to the era of Alexander the Great. According to archaeologists the treasure had been hidden by people displaced due to a war. The 2,300-year-old treasure is...

A Star Trek and Leonard Nimoy fan from Greece says he discovered a rock that looks like "the profile of Spock" on the Greek Island of Kythnos. He adds that he saw the rock the day Leonard Nimoy died. "While...

Representatives of the “institutions” — the way the new Greek leftist government wants to refer to European Commission, European Central Bank and International Monetary Fund officials — will carry out inspections in Athens as well, Eurogroup President Jeroen Dijsselbloem emphasized...

In a specially designed room of Greece's largest prison, Korydallos, is expected to begin the trial of extreme right Golden Dawn party members and supporters on April 20. Among the 70 charged of running and belonging to the neo-Nazi criminal organization are...

Michalis Christoforakos is among the 64 people who are summoned to appear before an Appeals Court, accused of being involved in the bribery scandal between Siemens and Greek state-owned telecommunications company OTE that rocked Greece nearly ten years ago. The 64 suspects...

Greece is still very far from achieving its goals and the country is wasting time, main opposition New Democracy spokesman Costas Karagounis said on Monday evening, commenting on the results of the Eurogroup meeting that ended earlier. "We are still very far from...

Athens is ready to submit three more reform proposals for technical discussion, an unnamed Greek government official has said, while reports indicate that the new measures are ready and aim to improve tax collection and fight evasion. According to the Guardian,...

Cypriot President Nicos Anastasiades is holding a series of meetings in Bahrain, as part of his official visit to the Gulf country. According to an official press release, Anastasiades and the King of Bahrain, Hamad bin Isa Al Khalifa,...

The office of Greek government Vice President Yiannis Dragasakis on Monday refuted a statement by Irish Finance Minister Michael Noonan that the government Vice President's office will lead the talks with the institutions. Referring to the technical talks to be...

"It is time to make progress in the program" is Eurogroup's clear and strict message to Athens, which -under the suffocating pressure of its creditors- is expected to launch consultations with the technical levels of the three institutions...

The global debt of households, companies and countries amounts to the astronomical sum of 200 trillion dollars, the highest in 50 years, according to US-based multinational consulting firm McKinsey. In a report published earlier in February, the firm...