Greek News

Local government and other public entities' cash reserves transferred to Bank of Greece as a result of a recent legislative act come to 600.3 million euros, Greek government spokesman Gavriil Sakellaridis said on Tuesday. The information has been published following...

Main opposition New Democracy on Monday said the government has lied and that what is being discussed with Greece’s lenders is indeed the review of the country’s second bailout program and not a “bridge agreement.” Commenting on the outcome of...

Greece must rush to complete the fifth review in order to conclude negotiations and reach an agreement before it runs out of cash. That was the message sent to Athens after Monday's Eurogroup. Eurogroup President Jeroen Dijsellbloem said, "There is...

Greek Finance Minister Yanis Varoufakis admitted that Greece may have a serious liquidity problem after two weeks. The statement was made after Monday's Eurogroup meeting in Brussels. Varoufakis said, "The liquidity issue is a terribly urgent issue. It's common knowledge,...

Hundreds of Germans have signed a petition through the organization change.org, urging German Chancellor Angela Merkel to return the Second World War reparations to Greece. The petition was organized at the initiative of Peira, a Berlin-based political association. The association...

Police have launched an investigation after 50, 100, and 500 euro banknotes were mysteriously found floating down Letheos river at the city of Trikala in Greece, Monday 11. According to trikalanews.gr, the notes were seen floating in the water by...

For decades the Greek banks and the real estate market were operating as communicating vessels, with the former granting long-term mortgage loans to satisfy the increasing demand for real estate properties. With Greece being through the sixth year of economic crisis, the...

"The Amphipolis tomb excavation was a badly staged play to distract Greek people from the harsh austerity measures the previous government was implementing," noted the general secretary of the Athens Archaeological Institute Vasilios Petratos. Petratos, also an academic, said that the...

While the temperature rises in Athens during the summer, a rejuvenating dip in the sea after work is exactly what you need in order to cool down. So, slip on your colorful swimsuit, put on your large sunglasses and...

During the past few months the Greek government was striving, negotiating and working day and night to find a redeeming agreement, Greek Finance Minister Yanis Varoufakis told reporters after a Eurogroup meeting in Brussels on Monday. The minister noted that...

Eurozone finance ministers welcomed progress achieved in negotiations between Greece and its creditors on a cash-for-reform deal but said more work is needed to bridge differences holding up a comprehensive agreement. Eurogroup statement on Greece The Eurogroup today took stock of the...

The Greek government paid the latest 750-million-euro installment to the International Monetary Fund, according to Reuters. The agency spoke with two Greek Finance Ministry officials who confirmed the news. "The order to pay the IMF has been executed," a senior...

Minister of Justice Nikos Paraskevopoulos announced on Monday that the Golden Dawn trial will move to a new venue that will be especially built and will be ready in September. In a meeting between Paraskevopoulos, state prosecutors, defense attorneys and...

The decision to rehire the finance ministry cleaners was celebrated today with several cabinet members and other state officials who joined the cleaners offering sweets and praising their struggle. There was a party on Monday morning on Karagiorgi Servias street...

Main opposition New Democracy spokesperson Costas Karagounis on Monday left open all possibilities as far as it concerns the party's stance towards the agreement between the Greek government and its creditors. In statements to ANA-MPA, Karagounis spoke of a rather...