Greek News

German Finance Minister Wolfgang Schaeuble proposed on Saturday that 50 billion euros of Greek public assets be transferred to an external fund and privatized over time. The fund he used as a suggestion, the Institution for Growth in Greece, is owned by...

Former Greek finance minister Yanis Varoufakis just revealed that German Finance minister told him that his plan for Greece is to leave the euro. Greece never had a chance for success to reach an agreement writes Varoufakis on his blog. Varoufakis' statement...

In the most crucial meeting for the Eurozone, EU leaders are pushing even further for more austerity in Greece.  Twitter users are reacting heavily to Greece's creditors demands that many call unreasonable and undemocratic. The past hour the hashtag #ThisIsACoup (#2 hashtag...

Former World Bank Chief Economist and Nobel Prize winner Joseph Stiglitz, who had urged Greeks to vote No during the referendum, spoke out against Germany’s strategy toward Greece and Europe in the latest round of negotiations, in an interview...

A list of reforms some of which must be legislated by Wednesday in the Greek Parliament was submitted to the European Union by Eurogroup President Jeroen Dijsselbloem. The Greek side has called the text a "monster" as it contains some harsh...

Greek architects Laertis-Antonios Vasiliou and Pantelis Kampouropoulos have designed a house inside a rock with a view of the Aegean Sea. The two architects are the owners of OPA (Open Platform for Architecture) and their ambitious project, Casa Brutale, has...

Greek Prime Minister Alexis Tsipras had a phone conversation with the United States Secretary of Treasury Jacob Lew prior to Sunday's Euro Summit. According to Reuters, a Greek government official said that Tsipras told Lew that willingness and commitment is...

U.S. astronaut Scott Kelly sent his best wishes to Greece from the International Space Station, as the debt-ridden country struggles to get a new bailout agreement while on the brink of bankruptcy. Kelly posted on his personal twitter account a...

Russia wishes to contribute in the restructuring of the Greek economy by offering facilitations through direct exports of hydrocarbons, oil and natural gas to Greece, stated Energy Minister of Russia Alexander Novak on Sunday. He said that "the Russian Federation...

As the meeting of the Eurozone finance ministers and the summit of the 28 European Union leaders are still in session, it was decided that there will not be a written announcement and that Eurogroup President Jeroen Dijsselbloem will...

European leaders entered the crucial summit that will decide the future of Greece in Europe with mixed expectations, while Greek Prime Minister Alexis Tsipras asked for an "honest compromise." German Chancellor Angela Merkel said she is not surprised that another...

Eurozone finance ministers decided that Greece must legislate a series of reforms within the next few days in order to continue negotiations for a third bailout package the country has requested from the European Stability Mechanism. According to comments by...

117 migrants have been rescued off the western Greek island of Zakinthos, Greece's coast guard says. Greek authorities launched a rescue operation Saturday night. Migrants are asked to leave the boat carrying them as at risk and rescued from the...

"We want Greece to make deep reforms as member of the eurozone" stated European Commissioner for Economic Affairs Pierre Moscovici on Sunday before the restart of the Eurogroup meeting. "The discussions yesterday" (Saturday) he noted "were long and difficult and...

The first 2-way bitcoin ATM was inaugurated in downtown Athens on Saturday at The Cube, a coworking space that houses several innovative startups. And many find that through this very ATM they can overcome Greece's capital controls. The 2-way (bitcoin...