Greek News
Greece
Greeks Never Lose Their Humor; Funeral Home Named 'Schaeuble'
Greeks are known for their humor and their ability to maintain it even in the most difficult situations. When that humor combines with business ideas, then the result is even more spectacular.
For example, the owner of a funeral home...
Greece
Greek Gov't to Table Legislation on Prior Actions in Parliament
The Greek government will table to Parliament later on Tuesday a draft legislation including all prior action measures envisaged by an agreement reached between Greek authorities and its creditors.
The draft legislation will focus on a package of tax measures,...
Greece
ANEL Leader Kammenos: We Support the Government
Independent Greeks (ANEL) leader Panos Kammenos stated on Tuesday that "what happened in Europe was a coup d'etat.
The Greek prime minister was blackmailed to agree on a text totally different of what agreed at the political leaders meeting" he...
Business
Caribbean Beauty to Be Spoiled by Greek Elegance
Despite the current financial turmoil in Greece, there are still several Greek businessmen who manage to resist economic paralysis and asphyxiation, and even excel at an international level. One of them is Miltos Kambourides, co-founder and managing partner of...
Economy
Schaeuble Proposed Parallel Currency for Greece
According to the German Handelsblatt, German Finance Minister Wolfgang Schaeuble suggested the issuance of IOUs in Greece, during the Eurogroup, held on Sunday, July 12.
Schaeuble is continuing to play in the “game” against Greece. After proposing the five-year Eurozone...
Greece
Greek Energy Minister Lafazanis: 'Greek PM Needs to Take Back The Agreement'
Greek Energy Minister Panagiotis Lafazanis called on the government and the Greek Prime Minister to take back the agreement, before any final decisions are made by the parliament, in a written statement.
“Greece had an alternative to the agreement. The...
Greece
European Parliament Ηead Schulz: Tsipras Is the Strongest Greek PM in Decades
European Parliament President Martin Schulz said on Monday he is confident the Greek government will do whatever it takes to implement the necessary reforms, according to statements made on German talk show “Brennpunkt” of public broadcaster ARD.
“It doesn’t make...
Economy
Varoufakis: 'Greece Was Working on a Drachma Plan'
Yanis Varoufakis resigned from his finance minister post just a week ago and is already causing commotion away from the center of political and economic activity.
Varoufakis gave an extensive interview to Harry Lambert for the NewStatesman, released on July 13, in which he...
Economy
IMF Releases Statement on Greece's Nonpayment
Although earlier the IMF said that is willing to work with the Greek government who had stated that there are no funds to pay debt until a new bailout deal is finalized, a few hours later, the organization issued...
Economy
Greek Public Sector Union ADEDY Calls For 24-Hour Strike Against New Bailout Deal
The Greek Public Sector Union (ADEDY) urged citizens working in the country's public sector to stage a 24-hour strike on Wednesday and express their opposition to the new 86-billion-euro bailout deal Greek Prime Minister Alexis Tsipras agreed on Monday morning with the country's...
Economy
SYRIZA Left Platform Likely to Reject Bailout Deal in Greek Parliament
Greek Prime Minister Alexis Tsipras is likely to face internal strife over his 86-billion-euro agreement with international creditors on Monday.
The deal, which was struck after 17 hours of deliberations and will include more measures and reforms than the ones Greece...
Economy
IMF Ready to Work with Greece and Europe
The International Monetary Fund (IMF) said on Monday it is ready to work with the Greek authorities and its European partners to help moving forward an agreement reached during a Euro Summit earlier in the day.
IMF Director of Communications Gerry Rice said in a...
Economy
Eurogroup President: Bridge Financing for Greece Is Complex
Dutch Finance Minister Jeroen Dijsselbloem spoke after Monday morning's agreement on a 86-billion-euro bailout for Greece.
Aside from finally reaching a deal with Greece, Dijsselbloem had another reason to be cheerful on Monday. During this Eurogroup he was reelected as Eurogroup President.
The Dutch...
Economy
Greek Defense Minister: This Bailout Deal Is a Coup
The first signs of dismay -but not necessarily of a crack- in the SYRIZA-ANEL coalition government regarding the 86-billion-euro bailout deal appeared just a few hours after Greek Prime Minister Alexis Tsipras agreed with international creditors in Brussels.
Defense Minister and Independent Greeks (ANEL)...
Economy
Greek Govt Has to Take Several Laws Back or Receive Revenues from Equivalents
The Greek government has to take back bills and amendments that were unilaterally decided after the February 20 bailout extension agreement was signed.
One of the creditors' many requirements attached to the new bailout package says that "with the exception of...