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Greek Govt Spokesman Optimistic Over Negotiations, EC President Tusk Says Solution After Easter

SYRIZA-led government spokesman Gavriil Sakellaridis expressed his optimism earlier today that the negotiations between Greece and its creditors "will have a positive outcome." In an interview to Greek television, Sakellaridis underlined that a Eurogroup meeting "should take place soon," and that...

Professor Claims There Is Gold Under Hagia Sophia

No matter how many years have passed, Hagia Sophia continues to surprise us. According to statements by Turkish Philosophy professor at the University of Istanbul Ferhat Aslan, everything you know about the church will change. In an interview with Turkish newspaper...

Property Tax Divides Greek Government, Confuses Creditors

A conflict within the Greek government was generated over the potential continuation of the single property tax (ENFIA). According to the creditors, the continuation of the ENFIA tax is included in the list of proposed reforms, while the government...

European Commission: No Deal Reached With Greece Yet, Talks Will Resume

Talks between Greece and its international creditors have not been proven fruitful, although the negotiations are expected to continue, a European Commission representative said earlier today. "The constructive talks are ongoing since Friday but we are not there yet, so...

Greek Unemployment Rate Still Highest in EU‏

Greek unemployment rate rose slightly to 26% of the workforce in December, from 25.9% in November, to remain the highest in the European Union, followed by Spain (23.2% in February), Eurostat said on Tuesday. The EU executive's statistics agency, in...

Greek Deputy FinMin Sees Agreement with Creditors on Wednesday

Greek Deputy Finance Minister Dimitris Mardas in statements to Greek television said that he sees an agreement with the country's creditors on Wednesday. He estimated that creditors are not going to delay the negotiations. "I see an agreement tomorrow," he underlined. Regarding the country's cash...

Merkel: We are Working to Keep Greece Within the Eurozone

Chancellor Angela Merkel signaled she is prepared to go against German voters’ discontent to try and keep Greece in the euro, as long as Prime Minister Alexis Tsipras does his part and presents a viable economic plan, according to Bloomberg. As Greece’s...

Uncertainty in Brussels Over Greece-Creditors Negotiations

The progress of negotiations between Greece and its creditors in Brussels has created uncertainty as technocrats insist that the Greek government must rush things for the release of further aid while European Union sources say that there will not...

Greek Court Decision Stops Beach Exploitation by Municipalities

Municipalities cannot be granted the right to use beaches by a single, one-size-fits-all ministerial decision, the Greek Council of State said on Monday, in a case on how coastal cities can utilize beaches for revenue, whether on their own or by granting...

Greek President Pavlopoulos Visits Cyprus

The relations between Greece and Cyprus have become even stronger, newly elected President of the Hellenic Republic Prokopis Pavlopoulos highlighted earlier today during a meeting with his Cypriot counterpart Nicos Anastasiades. This is Pavlopoulos' first official visit since he took office...

Porto Katsiki Beach in Lefkada Could Open for the Summer

A group of specialists arrived in Porto Katsiki beach in Lefkada, Greece, in order to assess the situation and determine if the popular beach can be opened to the public. The team led by Geology professor Efthymios Lekkas examined whether there was...

CNBC Poll: Which Greek Asset Would You Rather Own?

As negotiations between Greece and its international creditors have stalled, generating the danger of default and the country's subsequent exit from the Eurozone, the eyes of the world are upon Greece. Greece has to implement certain reforms and measures that will help...

Committee to Evaluate Greek Hydrocarbon Research, Exploitation Bids Set Up at Ministry

An eleven-member committee to evaluate bids for hydrocarbon research and exploitation in three areas of Greece has been set up at the Ministry of Productive Reconstruction, Environment and Energy. It will cover the areas of Arta and Preveza (northwestern Greece), Etoloakarnania prefecture (central...

Greek Govt Expects 3.7 Bln Euros in Revenues from Reforms Package

The Greek government expects 3.7 billion euros of revenues from the introduction of a reforms package currently discussed with the country’s creditors in the Brussels Group. The reforms include, among others, the introduction of taxes on Greek citizens’ deposits abroad –...

Tom Hanks Attends Greek Parade in NYC and Posts Video on Twitter

Hollywood superstar Tom Hanks was one of the thousands who gathered on Fifth Avenue in New York this past Sunday to attend the Greek Parade and celebrate Greek Independence. Hanks, is married to Greek American actress Rita Wilson and has...