IMF Miscalculated Greek Austerity Effect

The top economist at the International Monetary Fund (IMF) one of Greece’s Troika of lender, has admitted that the agency didn’t calculate how devastating...

Former Greek FM Faces Bank List Probe

Facing an investigation into whether he tampered with a list of more than 2,000 Greeks with $1.95 billion in secret accounts in a Swiss...

Debts to Greek State Grow 1B Euros Monthly

While Greek Prime Minister Antonis Samaras said the country will begin to recover and stability is coming, Finance Ministry data showed that 2.5 million...

In the Last 24 hrs: 206 Migrants Arrived on Lesvos, 6 Migrants Returned to...

According to reports by the ANA-MPA, the Greek island of Lesvos has seen an alarming influx of migrants arriving in the last 24 hours,...

European Commission’s Juncker Urges Greeks to Vote ‘Yes’ in Referendum

European Commission President Jean-Claude Juncker criticized the Greek government’s decision to end the bailout talks with the referendum announcement, while he defended the institutions’...

Tsipras – Opposition Battle It Out in Greek Parliament

The parliamentary session that was supposed to be mostly about the farmers' demands and upcoming protests, turned out to be about the government's alleged...

Greek Defense Minister: Govt Held an ‘Honorable Stance’ at EU Summit

Greek National Defense Minister Panos Kammenos expressed his satisfaction on Saturday with the result of the EU summit meeting, saying Prime Minister Alexis Tsipras...

Emergency Government Council for Foreign Affairs and Defense (KYSEA)

PM Alexis Tsipras summoned an emergency Council for Foreign Affairs and Defense (KYSEA) on Friday morning. The decision to order KYSEA came on Thursday night...

Greece Wants More Time To Fire Workers

Being squeezed by international lenders to pare the workforce by transferring, suspending or firing civil servants, Greek Administrative Reform Minister Kyriakos Mitsotakis has asked...

Stournaras Sworn in as Bank of Greece Governor

Former Minister of Finances Yannis Stournaras was sworn in as the new Bank of Greece Governor on June 27 replacing the outgoing Governor Giorgos...

Hellenic Federation of Enterprises Complains About Heavy Taxation

The weekly Hellenic Federation of Enterprises (SEV) newsletter focuses on heavy taxation on businesses and aligns with the IMF view that less taxes is...

Euro Zone Agrees to Give Greece €10.3 Bln Loan Tranche Under Conditions

Euro zone finance ministers early Wednesday morning agreed in principle to disburse 10.3 billion euros on condition that Greece corrects some pending issues in...

LATEST