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Greek News

Golden Dawn Trial Suspended Once Again for June 22

The Golden Dawn trial was adjourned yet again and is set to resume on Monday, June 22, at a specially designed courtroom at Attica’s high-security Korydallos Prison due to defendants' objections. The presiding judge accepted the objections of the defense lawyers who called for...

Greek Gov't Examines Changes in VAT Proposals

The Greek government is examining changes in its proposals on VAT in an effort to find a commonly-accepted formula with the country's creditors. Speaking to ANA-MPA, government officials said that these changes would not lead to revenues of 1.8 billion...

Moody's and JP Morgan Talk About Capital Controls Due to Large Outflows

Moody's and JP Morgan warned that the continuing outflow of deposits from Greek banks has significantly increased the risk of Greek authorities imposing capital controls to limit them. Indeed this would be a credit negative event for Greek banks. According...

Greek Footballer Kyriakos Papadopoulos Signs on to Bayer Leverkusen

Greek football player Kyriakos Papadopoulos has transferred to Bayer Leverkusen permanently after signing a five year contract. At the beginning of his career the 23-year-old defender used to play for Olympiakos, before joining Schalke 04 in 2010. On August 2014,...

Government Spokesman: 'Greece Willing to Compromise with Creditors'

"The main issue of the negotiations is to have a medium-term settlement of the financing gap and liquidity and to reach one single agreement," government spokesman Gavriil Sakellaridis said on Monday, during the press briefing. He also left open...

Coordinator of Negotiation Group Tsakalotos in Brussels on Monday

Greek Alternate Foreign Minister for International Economic Affairs and coordinator of the Greek negotiation group Euclid Tsakalotos leaves on Monday for Brussels, following days of acrimony over rival reform proposals for a deal that will unlock Greece’s last remaining...

Greek Parliament VP: Creditors' Text Manifesto of Social Genocide

Parliament Vice-President Alexis Mitropoulos estimated on Monday, during a statement to ANT1 TV, that Greece's creditors are not going to retreat in their negotiations with Athens. "I have the feeling that the creditors will not retreat, that we are in...

Varoufakis – Schaeuble Meeting Ends With No Concessions

There were no concessions during the meeting between Greek Finance Minister Yanis Varoufakis and his German counterpart Wolfgang Schaeuble, which took place today, June 8, in Berlin. The German Finance Ministry announced that there would be no press conference after...

Greek Party 'Democratic Left' Elects New Leader

Democratic Left (DIMAR), a small center-left Greek political party, has elected a new leader, 36-year-old Thanasis Theocharopoulos, who will replace Fotis Kouvelis. DIMAR participated in the previous Greek coalition government, along with New Democracy and PASOK, between June 2012 and...

Cyprus Gas Field Declared Commercially Viable by Joint Venture Researching the Area

The "Aphrodite" natural gas field discovered in Cyprus’ exclusive economic zone (EEZ) has been declared commercially viable by the three companies owning rights on the field, known as block 12, the country’s Energy Ministry announced on Sunday. “Noble Energy...

Defense Minister Urges Greeks to Stand Behind Govt

National Defense Minister Panos Kammenos urged all Greeks on Sunday to unite in the Greek government’s current struggle to achieve a deal, regardless of political convictions, during a visit to the town of Souli in western Greece. Speaking at...

Greek Luxury Auto Market Sales Suffer Instability

Since the Greek government announced that car taxes will change, luxury car sales have been led to a halt as there is no clear indication of how or when this will happen, journalist Alastair Good mentioned in his article published in British newspaper Telegraph. According to...

Obama and Merkel Stress the Need for Greek Reforms

U.S. President Barack Obama visited Krün, Germany, on his way to the G7 summit, where he was greeted by alpine horns and men in traditional lederhosen attire. He met with German Chancellor Angela Merkel and discussed about the recent developments regarding the Greek...

Varoufakis Asks Merkel to Share a Message of Hope With the Greek People

In an article published on his personal blog on Sunday, Greek Finance Minister Yanis Varoufakis asked German Chancellor Angela Merkel to give his country a "Speech of Hope," similar to that given by former U.S. Secretary of State James F. Byrnes in Stuttgart...

Le Monde: European Council President Says Debate on Greece is Also Political and Moral

European Council President Donald Tusk said on Sunday that the debate on Greece is not only economic but also moral, French newspaper Le Monde reported in an article titled “Ukraine and Greece on the G7 agenda.” Speaking during a joint...