Greece

Greek Finance Minister Christos Staikouras announced a package of additional financial support measures on Thursday which will be adopted during the heightened measures against the pandemic, after Prime Minister Kyriakos Mitsotakis announced the new lockdown to help stop the...

Greek Finance Minister Christos Staikouras stated on Thursday that the country has put funding in place to cover the costs associated with the coronavirus vaccine once it becomes available, potentially at the end of this year. Earlier on Thursday, the...

Piraeus Bank, Greece's largest lender, announced on Thursday it has financed the acquisition of five hotels in resort locations on the island of Crete by the international real estate company Henderson Park and Hines. The 1,094-room, 67,000-square-meter portfolio comprises five...

Greek Finance Minister Christos Staikouras on Tuesday said the yield on a governmental seven-year bond is evidence of Greece's return to economic regularity. A Greek government decision to open a book-building process for a new seven-year bond loan was met...

Newly elected Prime Minister Kyriakos Mitsotakis announced his cabinet a few hours after he was sworn in by President Prokopis Pavlpoulos. Prominent New Democracy lawmaker Nikos Dendias was given the key role of foreign minister while Christos Staikouras was appointed...

Turkish Finance Minister Berat Albayrak said on Sunday that Turkey intends to send a second drilling vessel into the Eastern Mediterranean Sea to conduct research for natural gas and oil reserves. Albayrak declared that ''the Mediterranean Sea is no one's father's lake,''...

Speaking at an event in Paris on Wednesday evening, Greek Finance Minister Euclid Tsakalotos admitted that the SYRIZA government made mistakes during the 2015 negotiations with European and international creditors of Greece. Tsakalotos said in front of an audience at the...

Wolfgang Schäuble, the former Finance minister of Germany and the current President of the German Parliament, gave an interview to Berliner Morgenpost newspaper on Monday in which he admitted that he ''asked a lot from the Greeks'' during the...

Seven out of ten Greeks foresee no change whatsoever in the course of the economy and their personal finances after the end of the bailout program, a new survey shows. The research was conducted by PULSE on behalf of the...

Piraeus Bank, Greece's biggest lender, has announced it will finance the development of the Thriassio Transit Center, which will help increase freight transport by rail and promote Greece as a major freight hub in the trans-European transport network. It will...

Any debt-relief measures for Greece will be discussed only after Athens presents a credible program that focuses on growth, German Finance Minister Olaf Scholz has said. The German finance minister, interviewed in Sunday's Frankfurter Allgemeine Zeitung, said Berlin's position -- and...

There was a reported "positive atmosphere" in Berlin on Friday as Greek Finance Minister Euclid Tsakalotos met recently installed German counterpart Olaf Scholz. Germany's finance ministry took to social media to describe the meeting as: "Good talks toward a new...

A group of around 30 people believed to be members of the Greek anarchist group Rouvikonas (Rubicon) stormed the Finance ministry in the center of Athens. The group entered the main entrance of the building at Nikis Street and reached...

Greek Finance Minister Euclid Tsakalotos admitted in parliament on Thursday that the government has overtaxed the middle class and professionals in order to protect poorer Greeks. On Wednesday, Deputy Finance Minister Giorgos Chouliarakis addressed the House saying that, "The tax...

The European Council said on Monday that Greece's deficit is below the reference point of 3% of gross domestic product, and the country can exit the bloc's 'excessive deficit procedure' (EDP). EDP is an action launched by the European Commission...