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Greek News

Greek Debt: What Is an 'Honest Deal'?

There is a lot of talk in the past few weeks about resolving the Greek debt issue by coming to an "honest deal" with creditors. The Greek government keeps saying that it seeks an honest deal and not a new Memorandum. This...

Greece: Political Stress in Debt and Social Justice

By Johnna Montgomerie*, Goldsmiths, University of London Greece is back in the news (has it ever left?) with a new debt payment looming and the ruling Syriza Party increasingly marked by internal tensions. The call from some in the party to...

Varoufakis to NYTimes: 'I am Terrified of the Greek Crisis'

A new article about Yanis Varoufakis, the "pugnacious economist" with the sardonic smile who has been screaming of the dangers of a humanitarian crisis in Europe, entitled "A Finance Minister Fit for a Greek Tragedy?", was published in the New...

Moody's Sees 'High Likelihood' of Capital Controls in Greece

The outlook for the Greek banking system is negative, primarily reflecting the acute deterioration in Greek banks' funding and liquidity, says Moody's Investors Service in a new report published recently. These pressures are unlikely to ease over the next...

New Democracy Accuses Greek Govt of Secrecy on Negotiation Details

Greek main opposition New Democracy said on Wednesday the government needs to brief parties on details and the overall handling of the ongoing negotiation between Greece and its creditors. “It’s not only the phenomenal sloppiness with which they negotiate on issues...

SYRIZA Officials: Greek Govt Striving for Single, Comprehensive Agreement

Minister of State for Coordinating Government Operations Alekos Flambouraris briefed SYRIZA officials on Wednesday regarding the ongoing negotiation between Greece and its creditors that will lead to a single agreement, during a meeting still underway after four hours. According to party...

Eurovision: Politics Behind Europe’s Largest Singing Contest

By Keshia Jacotine, Monash University Eurovision began as an experiment by the European Broadcasting Union (EBU) in 1956. At the time, the idea of having many countries compete in a live television contest across an international network of broadcasters was both...

Greek Island Tourism Drops in April

As Greece is struggling to emerge from its liquidity trap and panic is spreading across the globe over a potential default, Greek islands saw a considerable drop in tourism. ​The arrival figures at some of the country’s top tourist...

Third German Couple Pays Share of War Reparations to Greece

A German philhellene couple with strong ties to the Greek town of ancient Olympia have followed the example of their compatriots in Nafplion and Heraklion, Crete, offering their share of Germany’s war reparations to Greece that their state refuses...

Greek State Hospital Staff on 24-Hour Strike

Greek state hospital staff has decided to go on a 24-hour strike, starting Wednesday, May 20. They also participated in a rally that took place outside the Greek Health Ministry in Athens at 12:30 pm. All public hospitals, ambulances, health centers and...

Merkel Would Support Financial Aid to Greece if Deal Succeeded

German Chancellor Angela Merkel plans to deliver a keynote address concerning Greece’s 240-billion-euro financial program despite the anticipated negative reaction of some lawmakers from her Christian Democrat-led bloc. German government officials told Bloomberg that Merkel has decided to speak in front of...

12th San Francisco Greek Film Festival Wraps

Panos Koutras’ “Xenia” and Spiros Charalambous’ “Forever Young” (“Den tha gerasoume pote”) received the Astron awards at the San Francisco Greek Film Festival. Greek actor Kostas Nikouli was overjoyed since his first appearances on the big screen were in both films. Koutras' film, which...

Greek Glendi in Oakleigh to Receive 130,000 Dollars Amid Reactions

The Monash Council and State Government have agreed to provide 130,000 dollars for the two-day Oakleigh Greek Glendi, set to take place in November 2015. The announcement came just days after Monash Mayor Paul Klisaris was criticized by Leader readers for...

U.S. Defense Secretary Cancels Meeting with Greek Counterpart

Greek Defense Minister Panos Kammenos was snubbed by his U.S. counterpart Ashton Carter and Deputy Secretary of Defense Robert Work on his visit to the United States. The U.S. Defense Secretary cancelled the meeting over the weekend, claiming he...

Woody Allen: It's a Pity we Read About Greek Crisis and not Plato or Socrates

"Instead of Plato and Socrates, we read about Greece's economic disaster," said top American director Woody Allen while in Cannes to promote his new film "Irrational Man." "It is horrible. Every day I open the paper and read about Greece's disaster....