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Greece

Greek Farmers Warn of Protests Due to New Government Measures

Northern Greek farmers are currently on standby, ready to take to the streets if necessary. A warning had already been sent to the government, about further protests due to the changes to the tax and pension status of farmers,...

21 Drowned Migrants and Refugees En Route to Lesvos Wash Up on Turkey’s Aegean Coast

The bodies of 21 migrants and refugees who were attempting to cross from Turkey to the Greek islands when their boat capsized due to the rainy weather conditions, washed up in the Aegean district of Ayvalık, Turkey on Tuesday, Greek media reports. The boat transporting migrants...

Television Licensing Procedure will be Ready Soon, State Minister Pappas Says

A process for licensing the televised media is now in the final stages of preparation and will soon be ready to begin. This is according to Greek Minister of State Nikos Pappas in an interview on the Greek radio station "Sto Kokkino",...

Pensions Cannot be Less than Contributions, Greek President Stresses

Pensions cannot be allowed to fall below the amount paid in contributions, Greek President Prokopis Pavlopoulos said on Monday after a briefing on the pension system reform proposal he received by relevant Labor Minister George Katrougalos. "The partners in the...

George Soros: Greek Economy will Never Recover within Eurozone

"Greece will never recover as long as it is a member of the Eurozone," said well-known investor George Soros, adding that the country will never be able to repay its debt under current conditions. In an interview with Wirtschaftswoche magazine,...

Moscovici Sees Connection Between Lowering Taxation and Combatting Tax-Evasion

European Commissioner for Economic Affairs Pierre Moscovici tied a potential decrease in labor taxation in Greece with reducing tax evasion in a recent statement. Moscovici made the remarks in a written response to European Parliament member Dimitris Papadimoulis's question on potentially lowering taxes...

Greek Pension Reform Proposal Leaked- Political Parties Reject to Endorse it

The Greek government's proposal on the anticipated reform of the pension system leaked on Monday, with most of the burden falling on incoming pensioners rather than the current ones. The 170 page proposed legislation includes significant changes in the calculation of new...

Varoufakis Set to Launch Political Movement in Berlin, February 9

Former Greek Finance Minister Yanis Varoufakis is reportedly set to unveil his new European left-wing political movement in Berlin on February 9th, Deutsche Welle reports. Varoufakis had already revealed his plans to launch such a movement back in December. The event is slated...

Former Greek Ministry Defense Officials Charged with Breach of Faith

A Greek prosecutor has charged eight Greek Ministry of Defense officials for breach of faith committed in 2003. The charges concern a contract to install upgrades in Greek Navy "S" class frigates, which prosecutors found was worth less than it should...

Greek EconMin: New Development Law Will Put An End to Old Mistakes

A new development law to be tabled to Parliament soon will include 3-4 basic principles, it will be simplified compared with a prevailing bureaucracy and will put an end to mistakes made in the past such as no safeguarding...