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G20 to Examine Possibility of Debt Relief for Greece

The finance ministers and central bankers of the G20 are planning to request Eurozone member states to consider a significant reduction of the Greek public debt, provided that Greece fulfills its commitments to creditors. Ahead of the G20 meeting in...

Brussels Irritated Over Greek Elections Rhetoric

European Union officials in Brussels are irritated by the inconsistency between what Greek politicians have agreed on regarding the reforms and measures required for the bailout program and the campaign rhetoric they use. According to a real.gr report from Brussels,...

Tsipras Promises to Scrap Private Education VAT, Controversy Over Ownership of Measure

Alexis Tsipras announced that he will scrap the 23 percent value added tax on private education if re-elected and called on the interim government to suspend the measure. Tsipras called on the interim government to freeze the measure that has...

Greek Islands to Hold Referendum on Privatization of Four Airports

Residents of Greece's Ionian islands will be called to vote in a referendum, following a proposal by Provincial Governor Theodoros Galiatsatos on August 29. The referendum question will be about the Greek government's decision to continue with the country's airport...

Eurostat: Unemployment in Greece Dropped to 25% in May

Eurostat, the European statistical authority, announced that unemployment in Greece dropped to 25% in May 2015, while in April 2015 it stood at 25.6%. However, it has not yet announced any data regarding June, July or August 2015. According to...

23,000 Migrants And Refugees Arrived in Greece Last Week

Frontex announced on Tuesday that based on preliminary data 23,000 seaborne migrants and refugees arrived in Greece last week. Among the most common entry points for the more than 200,000 people that have entered Greece through the seas in 2015 has...

Archaeological Restoration of the Amphipolis Tomb a Possibility

Greece’s Central Archaeological Council (KAS) will convene on Tuesday to decide on whether to approve a study for the maintenance and restoration of the Amphipolis tomb. The discovery of the ancient burial monument on the Kasta hill in northern Greece...

IMF Official: Greek Elections Delay Bailout Tranche, Market Loses €800 Mln

International Monetary Fund official Poul Thomsen said that elections will cost Greece the delay of the next bailout tranche disbursement and deprive the market of 800 million euros in liquidity. Thomsen briefed the IMF board of directors on the Greek...

Greek Elections: SYRIZA Keeps Bleeding as Party Youth Members Withdraw Support

Less than three weeks before Sunday, September 20, and SYRIZA numbers keep dropping in polls. The blows Alexis Tsipras is receiving keep coming from all directions, and they are really strong. On Monday, his speech writer Theodoros Kollias resigned stating...

First Private School to Close in Greece After Imposition of 23% Value Added Tax

The first private school that fell victim to the 23 percent value added tax (VAT) implementation on private education is the Michalopouleion private school established in 1931. The Michalopouleion private school in the Kallipolis neighborhood of Piraeus has endured the...

Greek Vacationers Rescue Syrian Migrant Stranded At Sea

A Syrian refugee, named Mohamed, was rescued by a group of Greek vacationers on their way home from an excursion to the Greek isle of Pserimos, near Kos, after being stranded at sea for 13 hours, wearing only a life vest. At first,...

17-Year-Old Migrant Dead After Saturday Noon Shooting In Symi, Greece

A 17-year-old immigrant was found dead after an exchange of fire between port authority officers and traffickers in the southeastern Aegean island of Symi. An officer and a suspected smuggler were also injured during the incident on Saturday noon. When the...

'Grexit' Included in Oxford Dictionary Online Version

Greece may not have exited the Eurozone, however, the term Grexit, established only a few years ago, has made it into the online Oxford dictionary, along with Brexit (UK’s exit from the European Union) and other English neologisms. These words...

German Press on Greek Elections: Tsipras' Win Uncertain

Several reports from the German press see Alexis Tsipras and SYRIZA going to the September 20 snap elections weakened and his victory uncertain. "SYRIZA pragmatists are in a difficult situation" says financial newspaper Handelsblatt. "Alexis Tsipras has lost his fighter...

Greek Interim Government Sworn in – All the Names

Greece's interim government between now and the September 20 elections was sworn-in a little before 2:00 pm on Friday at the Presidential Mansion. A total of 23 ministers were sworn in, with 20 of them giving a religious oath while three...