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Greece

World's Safest Currency? New €100, €200 Banknotes Enter Circulation in Europe (video)

The new €100 and €200 euro banknotes officially entered circulation across the Euro Area on May 28. The European Central Bank (ECB) can now pride itself for having developed some of the world's most sophisticated security features for currency. The...

Italian Man Arrested with Counterfeit Banknotes on Mykonos

  A 42-year-old Italian national was arrested on the island of Mykonos accused of having counterfeit banknotes. According to police, during a police operation on Thursday evening police officers found in the Italian national's possession 15 counterfeit 20-euro banknotes which had...

Greek Artist Envisions Crisis on Banknotes

Stefanos Andreadis is a Greek artist who feels strongly against the current situation in the European Union. Looking for a way to express his disappointment toward the institution, Andreadis thought outside the box. Since last February, the young Greek artist has been...

Crete Police Seize Fake €50 Banknotes

Greek traders are warned to beware of fake 50 euro banknotes after police in Crete seized forgeries that experts say were likely printed in Bulgaria. Greece's Financial and Economic Crime Unit claimed that the counterfeit banknotes seized in Crete were manufactured in Bulgaria and fully resemble forgeries found...

4 Dutchmen Holiday in Crete with Fake Banknotes

Four Dutchmen, aged 20, 22, 22 and 24, were arrested by Greek authorities for holidaying in Crete with fake banknotes. The four men were celebrating and paying with counterfeit money when a bar keeper of the Hersonissos region realized...

Fake Banknotes on Corfu

10.000 fake banknotes have been confiscated by the police on Corfu. The authorities received information regarding counterfeit money being used by two Romani. Thus after careful surveillance, the two were arrested. After an Attorney's decision, an investigation is now being carried out to discover the whereabouts of the lab or...

April 27, 1941: The Day When German Troops Stormed Athens

It was on Sunday, April 27, 1941, when German troops entered Athens. The capital's residents remained stubbornly locked up in their homes. The hoisting of the Nazi swastika flag on the Acropolis marked the beginning of the German Occupation. Soon,...

Greek Police Arrest Three Suspects in 4.2 Million-Euro Theft in Northern Greece

The Hellenic (Greek) Police announced on Saturday that they had arrested three men accused of being involved in the theft of €4.2 million (4.65 million dollars) from the premises of a security company in northern Greece, in January. The Kavala...

Greece Eases Travel for FYROM Nationals

Citizens of the newly-renamed country of North Macedonia may, as of Thursday, travel to Greece only with their normal travel documents. The extra papers used in the past as a passport replacement in order to enter Greek territory are no...

Greek And American Authorities Break up International Cocaine Cartel

Hellenic Police announced on Thursday morning that they have broken up a criminal group that is accused of smuggling large quantities of cocaine using sailboats in different parts of the world. The investigation was completed in cooperation with the Ecuadorian...

Report: 4.8 Million Confiscations of Bank Accounts Between 2015-18

According to a study published by the Greek Ombudsman, the Greek state has increased the number of confiscations of bank deposits in recent years, in an effort to collect taxes and social security contributions. The Greek Ombudsman has received a...

Greece First in Taxes Among Eurozone States, Survey Reveals

Ten years ago, in 2008, Greece had the 13th place among the European States who share the Euro as their currency, regarding the taxes-to-GDP ratio. After 10 years and three bailout programs from the International Monetary Fund and the...

Greek Plan Vows to Keep Budget Surplus at 3.5% of GDP Until 2022

  Greece has vowed to keep its primary budget surplus -- the balance before debt servicing -- at 3.5 percent of GDP until 2022 according to a document released describing the country's post-bailout strategy. The 106-page document, which was presented at...

Greece to Launch 12-Month Treasury Bill Auction

Greece will auction a 12-month Treasury bill issue next Wednesday, the first such auction to be held since April 2010. The move is designed to gradually replace three-month T-bills in order to improve the yield curve in the Greek state...