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Greek News

Cypriot President Foresees Solution in the Long-Standing Cyprus Problem

Cypriot President Nicos Anastasiades revealed on Thursday that the talks over Cyprus' long-standing conflict between the Greek-Cypriot and Turkish-Cypriot communities have at last taken a positive trajectory. "A degree of progress is being achieved. If we continue at this rate, I believe that we...

Sex Industry in Greece Grows Amidst the Financial Crisis

Since 2008, when the financial crisis first appeared in Greece, the number of women who work in the sex industry has dramatically increased. Women trade sex for money, illegally in most cases, in order to put food on the table...

UN Report: Greece Is Main Entry County for Refugees and Migrants Travelling to Europe

The Office of the United Nations Commissioner for Refugees released a report on Wednesday that examines the route refugees take when entering Europe by sea. The report found that so far in 2015 Greece has surpassed Italy as the country with the most refugees and migrants entering its...

'To Potami' Leader Calls For Big National Consensus in Greece

"I recommended another government that will come from this parliament and which, very soon, will bring an agreement and the banks will open," stated 'To Potami' leader Stavros Theodorakis on Thursday to Greek radio. Theodorakis proposed the formation of a...

Greek Investor in Favor of Tsipras' Resignation

"We are in favor of 'Yes' because that's the only way for hope and future for the Greek people," Founding Partner, Group Managing Director and member of the Executive Committee of AXIA Ventures Group, George Linatsas, told CNBC's journalist...

IMF: Greek Debt Is Unsustainable

Two days after Greece failed to pay 1.53 billion euros in debt to the International Monetary Fund (IMF), the Fund released a report that is in line with the Greek government's assertions. The document entitled “Greek Preliminary Draft Debt Sustainability Analysis” finds that...

Australia May Face Problems Due to Greek Economic Fallout

The Australian Associated Press spoke with senior academic Professor Bruce Wilson, director of the European Union Centre at RMIT University in Melbourne, who believes that Australia will not remain unaffected by the Greek economic fallout. “We are not cushioned from it...

Greek PM: 'Govt Will Fulfill Obligations Toward Armed Forces'

Greek Prime Minister Alexis Tsipras reassured on Thursday that the state will meet its obligations toward the Armed Forces after his meeting with Defense Minister and Independent Greeks (ANEL) leader Panos Kammenos. "We will do everything in our power not to accept...

Independent Greeks Party Member Expelled for Supporting 'Yes' Vote

The SYRIZA - Independent Greeks (ANEL) coalition government received its first significant internal blow on Thursday as ANEL leader Panos Kammenos stripped Kostas Damavolitis of party membership for expressing his intent to vote "Yes" on Sunday's referendum. Speaking to Greek radio, Damavolitis stated he would...

Greek President: 'Greece's Path in the Eurozone Is a One-Way Street'

President of the Hellenic Republic Prokopis Pavlopoulos made another intervention in view of the July 5 Greek referendum. “We all know that Greece’s path in Europe and the Eurozone is a one-way street. Not only for financial reasons, but...

Former PM Karamanlis Advises Greeks to Vote 'Yes'

Former Greek Prime Minister Costas Karamanlis sent a televised message to Greeks on Thursday in an attempt to persuade them to vote "Yes" in Sunday's referendum. Karamanlis, currently a New Democracy Party MP and former Prime Minister from 2004 until 2009, admitted...

Greek Diaspora Across the World Worried About the Situation in Greece

Greece is a country of more than 10 million inhabitants, with a diaspora that reaches 6.5 million. Over the years, Greeks have settled in every part of the world, from Australia, to Germany and the U.S., but they never forgot...

2 Greek Banks to Accept Deposits as of Thursday

As of Thursday, Greeks will be able to make deposits and payments in 289 branches of the National Bank of Greece (NBG) and 174 branches of Eurobank that will operate during the bank holiday. At the same time, they can deposit...

Fin Min Varoufakis: "I Will Resign if Greeks Vote 'Yes' to Agreement"

Greek Finance Minister Yanis Varoufakis said that he will resign if there is a "yes" vote in Sunday's referendum over creditors' proposals to Greece. Varoufakis spoke on Bloomberg television and when asked if he will remain Greece's finance minister in...

Greek Government: 'No' Vote Will Restart the Negotiation on Monday

"The 'No' vote in the referendum will restart the negotiation on Monday. Based on the unity of the Greek people and the rejection of ultimatums, the Greek government will negotiate with better terms," said government spokesman Gavriil Sakellaridis on...