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Greece

Dijsselbloem: Euro Area Will Not Approve Greek Request for Bridging Program

Eurogroup President Jeroen Dijsselbloem has ruled out a "bridging program" requested by Greece until it can negotiate a new agreement for the country's debts, Bloomberg reported on Friday. “We don’t do bridging loans,” Dijsselbloem told reporters in The Hague, when...

Samaras: Greece Must Regain Credibility to Stay in Euro Area

Greek Prime Minister Antonis Samaras said his two-year 11.5 billion euros of spending cuts contained unfair and painful decisions that were necessary to restore the country’s credibility and keep the country in the euro area. “The truth is Greece came...

Barroso: Greece Will Remain A Member Of Euro Area

Greece is and will continue to be part of the euro zone, which needs more integration and discipline to boost its credibility, the European Commission President Jose Manuel Barroso said Wednesday. "For the euro area to be credible, we need...

Sarkozy, Merkel 'Convinced' Greece to Remain in Euro Area

Greece is an "integral" part of the eurozone, the leaders of Greece, France and Germany said in an emergency teleconference Wednesday night that aimed to calm markets and temper talk of an imminent default by Greece. German Chancellor Angela Merkel...

Athens the Second Most Densely-Populated Area in Europe

The density of population in central Athens is the second highest in Europe, according to data published recently by the European statistical service, Eurostat. Two other areas of the Greek capital also feature in the top ten most densely populated...

Cost of Labor Increased By 2.2 Percent in Euro-Area, Data Reveals

The cost of labor was increased by 2.2 percent in Euro-area during the second quarter of 2018, according to data published by Eurostat. This didn’t happen due to higher wages but mainly because of the increase in taxation of labor. Across...

Greece Among Highest in Europe for Vacant Houses

Greece has one of the highest rates of vacant houses in Europe, according to a report by the Eteron Institute for Research and Social Change. Vacant houses in Greece are mostly concentrated in large urban centers, the research highlights, with...

River Cave Aggitis in Greece Among the Most Spectacular in Europe

The Aggitis river cave, is one of the largest and most spectacular river caves in all of Europe, it is located in northern Greece, near the city of Drama.

Dassault: The Greek Connection of One of Europe’s Wealthiest Families

Dassault Aviation is the company behind the Rafale aircraft that Greece has acquired to help protect its borders.

First Pre-Human Lived in Northern Greece Area, Researchers Say

Researchers have found evidence that the first pre-human, or hominin, walked in the Northern Greece-Balkans area, not Africa.

Oldest Bridge in Europe Still in Use Found in Greece

Perhaps the oldest bridge in Europe that is still in use today can be found in Greece, and it is named the Arkadiko Bridge. 

Earthquakes in Greece: The Areas of High Risk

The frequency of earthquake activity in Greece makes it rank sixth in the world and first in Europe in the damage caused by temblors. This is due to some unique geological characteristics, caused by the movements of the tectonic plates...

Greek City of Eleusis Named Europe’s New Culture Capital

Eleusis has been named the European Capital of Culture for 2023, making it the fourth Greek city in a row to host the institution. Attica's treasures already attract thousands of visitors, including a high volume of artists from all over...

Wildfire at Greek National Park in Evros Scorches Protected Area

Firefighters on Saturday continued to battle a wildfire at Dadia–Lefkimi–Soufli Forest National Park in Evros that had burned 800 hectares of forest, nearly 2,000 acres, by Friday night. The protected area, home to dozens of animals and four hundred plant...

Greece Boasts One of the Oldest Oak Trees in Europe

An ancient oak tree in northern Greece is believed to be among the oldest surviving tree of its kind in Europe.