Bloomberg Tests Post-Euro Greek Drachma Code

It’s gone now, but foreign exchange dealers for a time Friday were shocked to see a brand new currency appearing on their Bloomberg screens:...

BBC’s Instructive and Entertaining Video on Greece’s Plans for State Debt Haircut [Video]

BBC reporter Mark Lowen came to Greece and went to a Greek barbershop in Athens where he produced a video explaining in "layman's terms,"...

ESM Chief: Varoufakis’ Term Cost Greece €100 Bln

The Yanis Varoufakis period cost the Greek economy about 100 billion euros, said the President of the European Stability Mechanism, Klaus Regling on Wednesday. The...

The Most Bizarre Yellow Card Ever Given Happened in Greece

A yellow card was given to a player for wiping his shoes on the referee’s socks. The hilarious incident happened during the Greek Super league game...

Former IMF Official: Greek Debt Must be Cut by 50%

Former International Monetary Fund (IMF) European Department Director until 2014 and supervisor of Poul Thomsen, Reza Moghadam, requested the write-off of half of Greece's...

A Greek Version of Death of a Salesman: Pensioner Committs Suicide So Family Can...

The local community of Heraklion is shocked by a new suicide committed yesterday, July 25 on Crete. A pensioner jumped from his balcony, unable...

Greek Finance Ministry: Attacks on Tax Auditors Won’t Stop Investigations

The Greek Finance Ministry announced on Wednesday that tax auditors who have been physically or verbally attacked, will return to the businesses where the...

Greeks of Libya Return Safely to Athens

Approximately 200 Greeks were evacuated from Libya on board C-130 troop transport planes in the early hours of Friday, the Foreign Ministry said, as...

Greek Parliament to Vote on Second Bailout

ATHENS - The German Bundestag has given its approval to a $172 billion second bailout of Greece as part of a deal worked out...

Greece’s Council of State Rejects Claims for Unconstitutional Bond Haircut

During Greece’s Council of State  plenary session, it was concluded that the haircut (PSI) of the Greek State’s bonds is constitutional, lawful and in...

Greece Seeks Settlement With Siemens On Bribery Charges In Coming Days

Greece has authorized its finance and justice ministers to seek an out-of-court settlement with German conglomerate Siemens AG (SI) in the coming days over...

FT: Greece Can Say No to Creditors Without Catastrophic Consequences

"Greece has nothing to lose by saying no to creditors," is the title of an analysis by The Financial Times that says bankruptcy and...

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