Greek News

“Greece will not move forward with the continuing austerity measures,” said US Presidential candidate in the 1988 elections and former Massachusetts governor Michael Dukakis in an interview with the Greek-American newspaper “National Herald.” Dukakis was asked if he believed that Greece should...

Greece’s four biggest banks' request to use the European Central Bank's (ECB) Emergency Liquidity Assistance (ELA) has been approved for two weeks, according to reports. Any extension of the mechanism can be repeated in 15 days, during the next session of...

Greek peach farmers, who during the summer of 2014 suffered significant loses due to the Russian embargo imposed on European Union products, demanded a meeting with Prime Minister Antonis Samaras, while they have already warned that if the 33-million-euro...

The President of the Cypriot House of Representatives, Yiannakis Omirou, has denounced statements of Turkish President Recep Tayip Erdogan earlier today on the Cyprus problem and the hydrocarbons reserves in the island's Exclusive Economic Zone (EEZ). At the same...

To the Greek banking system ended up more than 90% of the bailout loans given to Greece, while less than 10% ended in those really in need; the people of Greece, Italian newspaper La Repubblica argued in a direct...

Some 21.4 million tourists visited Greece between January and November 2014. According to provisional data released by the Bank of Greece (BoG), during the eleven-month period, the number of incoming tourists rose by 22.7%, reaching a total of 21.497 million passengers, a...

French oil company "Total" is quitting the energy search in Cyprus' Exclusive Economic Zone (EEZ) after coming to a dead end, as no evidence indicating the existence of natural gas reserves was discovered in blocks 10 and 11. According...

In an article entitled "Greece can force Europe to change," the online edition of French financial newspaper La Tribune hosted an interview with economist and SYRIZA parliamentary candidate in Athens' second electoral constituency, Giannis Varoufakis, who underlined that the...

The men who responded to the distress signal sent by passenger ferry “Norman Atlantic” on December 28 when it caught fire, received a medal for their service and bravery by the Greek Minister of Mercantile Marine, Miltiadis Varvitsiotis, and the Greek Minister...

SYRIZA leads over New Democracy (ND) by 4.2 percentage points and a seven-party parliament, sees an opinion poll conducted by Rass. According to the results, SYRIZA leads with 31.2% followed by ND with 27%. "To Potami" was third with 6.3%...

Greeks who have left their homeland because of the economic crisis and Greeks of the diaspora await Sunday's election results with bated breath, according to a Guardian report. For some, the January 25 ballot is so important, they make plans...

The compensation to Greek farmers and peach growers for the Russian embargo damages will be signed on Wednesday, Prime Minister and New Democracy leader Antonis Samaras said during his visit to a modern cattle breeding unit in Sindos, Thessaloniki,...

A SYRIZA government in Greece will demand time to serve democracy, therefore the party will decline the February 28 deadline, when the Greek support program expires, said earlier today SYRIZA MP and parliamentary candidate Giannis Dragasakis. During an interview with...

Greece can never rebound without a generous debt haircut, said Yiannis Dragasakis, SYRIZA's chief economist. Speaking to Agence France-Presse ahead of Sunday's general elections Greece, Dragasakis said that despite what Greece's creditors say, a debt cut is absolutely necessary in...

Greece is facing a new economic crisis after a series of wrong moves by the coalition government of Antonis Samaras, thus negating four years of harsh austerity measures, a Reuters report says. The Greek prime minister made the mistake of...