Greek News
Greece
Magnitude 5.5 Earthquake Rattles Crete
A 5.5 magnitude earthquake has hit northeast of the island of Crete, Greece, according to a preliminary reading by the US Geological Survey.
The tremor struck at 1:34 am local time on Saturday, with the epicenter located 83 miles (133...
Economy
New Democracy Leader: SYRIZA Leads Greece to a New Memorandum
New Democracy leader Antonis Samaras made an overall criticism over the Greek SYRIZA-led government actions of the past two months, addressing the first official meeting of his party's political council on Friday. "New Democracy's priority is the real economy...
Greek News
Greeks Have a Long History in Thailand
According to an old saying, there is a Greek person under every rock, meaning that Greeks have spread out across the world, and they are getting involved in the everyday lives of their respective countries.
Costantin Gerachi, also known as...
Greece
Chinese Tourists Arrive in Crete
Residents in Crete, Greece, warmly welcomed 800 Chinese tourists who arrived at Heraklion port early on Friday morning, March 27, with the cruise ship Costa Atlantica. Several journalists, actors and writers were among the visitors.
The regional unit of Crete and...
Greece
Clocks Spring One Hour Forward This Sunday
People across the globe will be setting their clocks one hour forward on Sunday, March 29, at 3am, to read 4am. This change means that everyone will lose an hour of sleep, however they will gain an hour of...
Cyprus
President Anastasiades: Efforts for a Cyprus Solution Continue With Determination and Sincerity
President of the Republic of Cyprus Nicos Anastasiades has stressed the government’s will to continue its efforts for a permanent settlement on the Cyprus problem, caused by the 1974 Turkish military invasion on the island, with sincerity, determination and boldness. Moreover,...
Greece
Greek Defense Minister Visits the US Amid Controversy Caused by His Comments
Greek National Defense Minister and junior coalition government partner Independent Greeks (ANEL) leader Panos Kammenos will visit New York this weekend in order to participate to the March 25 Greek Independence Day celebrations. The previous days, Kammenos caused a controversy leading...
Greece
70 Migrants Rescued on Greek-Turkish Border
Greek authorities rescued 70 migrants trapped on a berm at the Greek-Turkish border. According to the authorities, after the migrants crossed the rivers that divide the two countries, they were trapped in the Greek fields that had been flooded due...
Economy
Greek Govt Proposals to Brussels Group
The Brussels Group technical teams will meet in Brussels on Saturday to discuss the list of reforms that will be submitted by the Greek government, which, according to government sources, foresee a primary surplus of 1.5% and a rate...
Economy
Fitch Downgrades Greece to 'CCC' from 'B'
Fitch Ratings has downgraded Greece's long-term foreign- and local currency Issuer Default Ratings (IDRs) to 'CCC' from 'B'. The issue ratings on Greece's senior unsecured foreign and local currency bonds are also downgraded to 'CCC' from 'B'. The Short-term...
Archaeology
Double Rejection for Parthenon Marbles' Return to Greece
The Greek government’s request for the Parthenon Marbles’ return to Greece, which is being facilitated by UNESCO, was once again denied, via two letters sent to the organization by the British government and the British Museum. This, of course, has...
Economy
Reuters: Neither Grexit or Grexident, Euro and Drachma in Parallel?
An interesting scenario regarding Greece’s future in the monetary union that has not been on the table so far was published today by Reuters. Citing unnamed Eurozone officials, the London-based news agency is saying that if a reforms-for-cash deal...
Economy
Greek Govt to Creditors: We Won't Pay if the Delayed Installments Aren't Disbursed
With a lengthy 11-point non paper the newly elected Greek government is attempting to review its first two months in power, while announcing that the so-called Brussels Group, discussing the Greek reforms list, is meeting tonight.
As explained, during these...
Economy
Greek Government Denies Scenarios Over FinMin Varoufakis Resignation
German newspaper Bild published a report today regarding scenarios over Greece's outspoken Finance Minister Yanis Varoufakis' resignation, which has been strongly denied by government officials. As cited by Reuters, the two unnamed officials have said that "none of this...
Economy
Bundesbank Head: Euro Zone Debt in Danger, No More Emergency Aid to Greece
Debt in the euro zone has entered the "danger zone," said the head of Deutsche Bundesbank Jens Weidmann on Friday. He also said Greece is running out of time.
Weidmann stated that in the euro zone public debt is at...