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Greek News

Greek Alternate Admin Restructuring Min Katrougalos Sees Deal Next Week

An agreement will be reached next week, Alternate Interior and Administrative Restructuring Minister George Katrougalos said in an interview with French radio Europe1 on Sunday. He underlined that austerity does not concern only Greece, but all Europe and added: "Greece...

Robbie Williams in Athens: Hold Tight Greece! [video]

"Hold tight, Greece!" was the political message British singer Robbie Williams sent to 30,000 Greek fans in his first ever appearance in the country. The multi-platinum entertainer's show in Greece took place at the Terra Vibe open air site in...

IMF Approves €278.4 Million Disbursement to Cyprus

The International Monetary Fund (IMF) said that economic and fiscal outcomes in Cyprus have been better than expected, and approved the disbursement of 278.4 million euros of financial aid. It also said that the high level of non-performing loans remains...

Greek Taxpayers' Overdue Debt Grows to €77.87 Bln in May

Taxpayer overdue debt to the Greek State grew by another 1 billion euros in May for a total of 5.234 billion so far this year, official figures showed. A report by the General Secretariat of Public Revenue said that total...

European Citizens Show Support to Greece with Rallies in Major Cities

Demonstrations supporting Greece in this difficult period took place in Berlin, Rome and Paris on Saturday, coinciding with Refugee Day. In Berlin, Blockupy and German opposition leftist parties Die Linke and Die Grünen organized a large protest against austerity in Greece and...

Two Opposing Rallies in Athens, Essentially For and Against Europe

In the past week, two separate demonstration rallies took place in front of the Greek Parliament in Athens, showing once again the polarization of Greek people in such a critical time for the Greek economy and society in general. It...

Petrounias Wins First Gold for Greece in European Games

Gymnast Lefteris Petrounias was the first Greek to win a gold medal in the inaugural European Games in Baku, Azerbaijan, by placing first in the men's rings on Saturday. The 24-year-old world champion managed to edge out Russia's Nikita Ignatyev, who was...

Former IIF Chief: A Grexit Could Turn into a Bloodbath

Investors are optimistic about the consequences of a possible Grexit, but it can turn into a bloodbath, said Vice President of Partners Group investment firm Charles Dallara. According to a CNBC report, Dallara is worried about the possibility of Greece's...

Greece to Make New Proposals as Merkel Puts More Pressure

"We will try to supplement our proposal so that we get closer to a solution," State Minister Alekos Flabouraris said on Greek television on Saturday, after German Chancellor Angela Merkel said that Greece must make a deal with creditors before...

Anthony Quinn Art Exhibition at Chicago’s National Hellenic Museum

Artwork by late actor Anthony Quinn will be exhibited at the National Hellenic Museum in Chicago. Quinn played the emblematic role of Zorba in the movie "Zorba the Greek." The exhibit entitled “Transcending Boundaries: The Art of Anthony Quinn,”...

Greece's Acropolis Museum Celebrates 6th Birthday

The Acropolis Museum in Athens, Greece, is becoming six years old today, June 20, and has already welcomed 8 million visitors from Greece and across the globe. The museum celebrates its birthday with a series of events. Since June 20, 2009,...

International Conference on Greece and Relations Between West and Russia in Delphi

Greece and the relations between the West and Russia will dominate an international conference taking place in Delphi this weekend, with the participation of internationally known personalities from Europe, Russia and the United States. Among the participants are US economist...

CBC: Greek Bank Subsidiaries in Cyprus Shielded from Greek Economy

Greek bank subsidiaries in Cyprus are protected, Cyprus Central Bank (CBC) Supervision Department Head Yiangos Demetriou said on Friday, dismissing concerns due to the economic instability in Greece. Speaking after a meeting with managers of Greek bank subsidiaries in Cyprus, Alpha Bank Cyprus,...

British Actor Douglas Booth Travels to Greece to Meet Refugees

Young British actor Douglas Booth -known for his roles in films such as "Romeo and Juliet" and "Noah" where he starred alongside Emma Watson and Russell Crowe- visited the Greek island of Lesvos. Booth, a UNHCR supporter, visited Lesvos...

When You've Got Nothing (or Everything) to Lose

Greece knows it. The EU knows it. Hell, we all know it wouldn’t work. This extend-and-pretend strategy of unending bailouts. No matter what emerges over the weekend or at Monday’s emergency summit in Brussels, Greece and Europe have reached the...