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Greece

Turkish FM Spokesman: 'Greece is Europe's Spoiled Child'

Turkish foreign ministry spokesman Hami Aksoy on Saturday called Greece "the spoiled child of Europe" that "must remember what happened to those who disrespected the Turkish flag in the Aegean." "Greece showed once again its enmity towards Islam and Turkey...

World's Best Aerobatics Pilots Mesmerize Spectators at Athens Flying Show

Thousands of spectators gathered at Tanagra Air Base north of Athens on Saturday to watch spectacular displays by some of the world's best aerobatics pilots on the first day of the annual Athens Flying Week (AFW) air show. The air...

ESM Chief Regling Says Greek Primary Surplus Targets Could Be Reduced

Chief of the European Stability Mechanism (ESM) Klaus Regling indicated on Friday that the European Institutions might consider reducing Greece's primary surplus targets beginning in 2021. Speaking during a press conference just before the crucial Eurogroup meeting coming up in...

Top Model Alessandra Ambrosio Spotted Enjoying Santorini's Mesmerizing Beauty

There is no end to the famous international celebrities who seem to be making their way to Greece this year, as top model Alessandra Ambrosio has been spotted enjoying life on the island of Santorini since Sunday. The famous model...

ESM Lauds Greek Economy's Achievements, Warns About Future Measures

The European Stability Mechanism (ESM) published its annual report for the year 2018 on Thursday. The European Institution praised Greece for its recent efforts strengthen the country financially, noting that 2018 was a landmark year for the country, mostly due...

ESM Chief: Greece Must Consult with Creditors First Before Changes in Policy

"If Greece changes its policy, it must first discuss it with the European institutions. They have not yet relaxed 100 percent," European Stability Mechanism Managing Director Klaus Regling said. The EU official spoke to Dutch newspaper De Telegraaf and was...

ESM's Klaus Regling Warns Greece Not to Backslide on Reforms

ESM Managing Director Klaus Regling warned the Greek government not to abandon its commitments in the post-bailout era saying that if Athens reneges, creditors may stop debt relief measures. In an interview with Austrian Die Presse newspaper, Regling stressed that...

Greek Museum Wins Top Prize With This Mesmerizing Video

The Diachronic Museum of Larissa took first place for its video "Tracing the Footsteps of Human Society" at the 5th European Museums in Short competition. The competition is an international contest for the best short videos shot by, for and...

Majestic August Full Moon in Greece Mesmerizes Once Again

The majestic and unique August Full Moon in Greece on Sunday night, captivated millions of people across the country once again. The uniqueness of the August Full Moon is based on the fact that the moon dons magnificent colors on...

First Half of 2015 Cost Greece €86-200 Bln, says ESM Chief Regling

Greece not only interrupted but also reversed reforms in the first half of 2015, resulting in a cost to the economy between € 86 and 200 billion, head of the European Stability Mechanism Κlaus Regling told Kathimerini newspaper. The EU...

New Mesmerizing Archaeological Finds Discovered on Greek Island

The 2018 excavation works on the uninhabited Despotiko island in the Aegean have been completed and archaeologists are speaking of priceless new findings that tell more about life in Ancient Greece. Despotiko is a small island west of Antiparos, and...

ESM Releases Last Bailout Tranche to Greece Worth €15B

Greece on Monday received a fifth and final multi-billion-euro payment ahead of the country's exit from its economic bailout scheduled for Aug. 20. The European Stability Mechanism (ESM) said it had disbursed €15 billion ($17 billion) to Greece which would cover spending...

ESM Releases €1B to Greece After Reform Bill is Passed

A week before a crunch eurozone meeting for Greece, and on the same day Greek lawmakers passed a raft of economic reforms -- the so-called 'prior actions' the European Stability Mechanism (ESM) released to Athens a tranche of €1 billion...

House Multi-Bill Guarantees €25 Bln to ESM for Greece's Loans

Greek Finance Minister Euclid Tsakalotos (right) with ESM President Klaus Regling A clause by which the Greek State guarantees €25 billion for loans received by the European Stability Mechanism is included in the multi-bill submitted to the House for a...

Eurozone's ESM Postpones €1B Loan Tranche to Greece

A report claiming Athens has not made enough progress in clearing debt arrears is being blamed for a eurozone decision to suspend a €1 billion ($1.1 billion) loan to Greece. The board of the European Stability Mechanism (ESM) decided on Friday...