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Greek Government to 'Freeze' Pensions Until 2022, as Creditors Require

Greece's creditors ask for the "freezing" of pensions for an additional year -- until 2022 instead of 2021 -- as a prerequisite to close the second review of the bailout program. This new requirement comes as a result of the...

Refugee Food Festival Coming to Athens from June 18-22   

The Refugee Food Festival, a partnership between the NGO Food Sweet Food and UNHCR, is coming to Athens from June 18 till June 22 to coincide with the World Refugee Day (June 20). The event, a civil society led initiative...

Ankara Continues to Issue Controversial Navtex as Leaders Plan to Meet for Cyprus Talks at End of June

Ankara has issued more navigational telexes (Navtex) or notices to mariners, that it will be sending a survey vessel to the island’s exclusive economic zone to conduct seismic research and rescue simulation exercises in part of Cyprus’ offshore natural gas blocks as...

Greece Expresses Abhorrence at Deadly Attacks in Tehran

Greece’s foreign ministry expressed its abhorrence on Wednesday for the violent attacks at the Iranian Parliament and the mausoleum of Ayatollah Khomeini in Tehran. “We unequivocally condemn terrorism in all its forms and we express our full support for the...

Orthodox Archbishop of Qatar: Embassy has Plan for Greeks to Leave if Necessary

Greek Orthodox Archbishop Makarios of Qatar said that the Greek embassy is prepared for the possibility that Greeks living in the country might want to leave, but expressed optimism that the political crisis will end soon. After several Arab countries...

Greek PM Tsipras: 'Greece Was Given the Wrong Medicine'

Addressing the Concordia Europe Summit in Athens, Greek PM Alexis Tsipras said that Greece was given the wrong medicine referring to the memoranda the country signed -- including his government -- in exchange for bailout loans. The Greek premier...

Report Says Greece Will Return to Markets When Borrowing Costs Fall Below 5%

  Greece will return to markets when its borrowing costs fall below 5 percent, a recent Reuters report says. This may happen if Greek bonds are included in its 2.3 trillion euro purchase program. This condition is primarily dependent on whether...

Regional Developments and Energy Issues Discussed at Tsipras-Biden Meeting

Prime Minister Alexis Tsipras on Wednesday received former U.S. Vice President Joe Biden, currently on a visit to Athens, for a lengthy meeting focusing on developments in the region, energy, the Cyprus issue and bilateral economic relations. According to...

Gov't Spox Tzanakopoulos: Creditors Must Take Necessary Decisions for Greece's Economic Recovery

No one claims that the fundamental problems of the Greek economy have been solved, government spokesman Dimitris Tzanakopoulos said on Wednesday during a press briefing adding that the situation is still fragile. "We should however emphasize on the great opportunities...

OECD: Greek Economy to Grow 1.1 Percent in 2017, 2.5 Percent in 2018

Greek economy is expected to grow by 1.1 pct this year and by 2.5 pct in 2018, the OECD said in its Global Economic Outlook report released on Wednesday. Referring to Greece, the Paris-based organization said the country's primary fiscal...