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Greek News

Plans from Greece and OECD to Draft Reform Program to Boost Growth

Greek Prime Minister Alexis Tsipras on Wednesday announced plans to work with the OECD to draft a program of reforms to boost growth in the debt-laden country, which is hoping to renegotiate its bailout commitments. The program will be based...

Greece Ready to Clash with Euro Zone Finance Ministers

"If you're not willing to even consider a clash, you're not negotiating," Greek Finance Minister Yanis Varoufakis told the Greek parliament on Tuesday. The statement was made after the House gave the new government a vote of confidence and ahead...

China 'Knows Nothing' About Offering Help to Greece

Greek officials have given the impression that China had offered aid and economic support to Greece. However, on Wednesday, February 11, China’s Foreign Ministry spokeswoman Hua Chunying said she had no knowledge of such an offer. According to Reuters, Greek...

Thousands of Greeks to Rally for their Dignity

Demonstration rallies will be held in all major cities across Greece in support of Finance Minister Yanis Varoufakis in today's crucial emergency meeting of euro zone finance ministers in Brussels. The rallies will take place at 6 p.m. today under...

New Greek Gov't Grants Legal Status to Gay Couples

Justice Minister Nikolaos Paraskevopoulos told Parliament that legal cohabitation agreements will be made possible for same-sex couples in Greece, but gay adoptions will not be permitted yet. The new government's pledge to grant legal civil partnerships to homosexual couples is...

Former Greek PM Will Take Legal Action Over 'Lagarde List' Allegations

Former Prime Minister George Papandreou threatened legal action on Tuesday against anyone reproducing excerpts from a forthcoming book by former HSBC employee Herve Falciani, who claims Papandreou was blackmailed into signing Greece's bailout. The title of the book to be...

Discovery Channel Picks Up Louie Psihoyos’ ‘Racing Extinction’

Louie Psihoyos' documentary "Racing Extinction," which premiered at the Sundance Film Festival this year, was recently picked up by the Discovery Channel. The documentary deals with the impending mass extinction of thousands of animal species on Earth. Psihoyos is a...

Poll Shows Six in 10 Give Government 'Vote of Confidence'

Nearly six in 10 Greeks give the government a "vote of confidence" according to the findings of an ALCO poll unveiled on Tuesday, on the website topontiki.gr Replying to a question "Would you personally give the Greek government a vote...

Greek Gov’t Urged to Host Greeks in Ukraine Conflict Zones

The Federation of Greek Associations in Ukraine sent a letter to Greek Prime Minister Alexis Tsipras requesting that Greece provides temporary shelter for Greeks in Ukraine’s conflict zone, who are in need of immediate assistance. The letter described the tragic...

London Cyclists Stage Protest in Memory of Greek Bike Rider

Hundreds of cyclists staged a “die in” protest on a busy high street where a Greek bike rider was knocked down and killed. The vigil, held in memory of Greek-born music producer Akis Kollaros, saw Homerton High Street closed off...

The First Greek Leftist Gov't Secures Parliamentary Vote of Confidence Ahead of Critical Eurogroup

Yet another historic event occurred tonight in the Greek Parliament, where the SYRIZA-led coalition government, the first leftist government in the history of Greece, secured its first parliamentary vote of confidence after the January 25 snap elections. The newly...

Greek FinMin Varoufakis: Greece is Entering the Post-Bailout Era

Greek Finance Minister Yanis Varoufakis, while addressing the Parliament, declared that Greece is on the brink of the post-bailout era and also fixes the mistakes that caused the country's depression. "With tonight's vote of confidence, Greece is entering the 'post-bailout' era,"...

European Commission: 'Low Expectations for a Final Agreement at the Eurogroup'

There are low expectations that any final agreement will be reached at the Eurogroup on Wednesday, European Commission spokeswoman Mina Andreeva said on Tuesday. "We have low expectations that any final agreement will be reached tomorrow or at the European...

CIPA President: Cyprus Is an Attractive Investment Destination

His belief that Cyprus, despite the crisis, remains an attractive investment destination due to its competitive advantages, among which is the island's location, expressed today the President of Cyprus Investment Promotion Agency (CIPA), Christodoulos Agastiniotis. Addressing the annual Cyprus...

Schaeuble Pours Cold Water on Market Expectations for a Greek Deal

Media reports citing a six-month extension of the Greek program generated a lightning quick denial by German Finance Minister Wolfgang Schaeuble, who spoke after the G-20 meeting in Istanbul today. According to Bloomberg, Schaeuble said such reports are “false.” A plan...