Greek News

Bank of Greece (BoG) Governor and former Finance Minister Giannis Stournaras has warned the Greek government that a final agreement with the country's loan partners should soon be reached in order to avoid a frightful setback to the country's economic...

The four-month extension of the aid program to Greece should pass through the Greek Parliament, New Democracy spokesman on Friday said in a statement. “This is a decision that includes the loan agreement and the memorandum,” Karagounis noted. He explained...

"America has often put discreet pressure on its European allies to avoid a rift with Greece, as much because of geopolitics as economics," says an Economist report. In view of the recent agreement for the extension of Greece's bailout program,...

One of Alexis Tsipras' first moves when he became prime minister was to cut state expenses by selling government vehicles used by politicians and cutting down on personal security for members of parliament. In general, he urged his cabinet...

The maturing IMF bonds will be covered, Greek State Minister Nikos Pappas said on Friday. He said that the government and the partners have the political will to find a solution and noted that the possibility of extending what...

Three Greeks operating in the literary field were honored for their contribution in preserving the Greek language in the U.S. during this year’s Greek Literature celebration. The honorees were publisher Leandros Papathanasiou, writer Eleni Floratou-Paidousi and journalist-writer Ioannis Michalakis. Haverford College...

The German Federal Parliament approved Greece’s bailout program extension with 542 votes in favor, 32 votes against and 13 abstentions. German Social Democrats (SPD) member Axel Schafer condemned BILD’s anti-Greek campaign in front of the German Parliament, holding yesterday's front...

In March, the Greek government will have to overcome a great obstacle in paying the scheduled installments to the International Monetary Fund (IMF). While Greek ministers were thinking of postponing the repayment installments, it appears extremely unlikely that the...

The Greek debt is in dire need of a haircut, noted an opinion article in Der Spiegel’s website. According to the journalist, a haircut would be the honest choice, noting that Greece does not need more money for social...

Eurogroup finance ministers agreed to vague terminology in Greek bailout extension deal so that they can convince their respective parliaments to accept it, said Finance Minister Yanis Varoufakis on Greek television. Speaking in an ANT1 television interview, Varoufakis defended the...

Deutsche Welle recently released data concerning next month’s influential ITB tourism exhibition in Berlin, the world's largest tourism trade fair, taking place from March 4 to 8. According to the article, Germans are ignoring the political developments, Greece’s instability, the...

Greece is about to take out a new 30-billion-euro loan for two years and sign a third bailout agreement by June, according to German news agency MNI. The report cites a European Union official who revealed that discussions for a...

Greece is the only EU member-state where its nominal gross minimum wage fell in 2015 compared with 2008, to 684 euros from 794 euros, a decline of 14%, Eurostat said on Thursday. In a report on minimum wages in the...

Mikis Theodorakis criticized the new government of Alexis Tsipras on the new bailout agreement saying that it is a continuation of austerity. The internationally-known composer is an emblematic figure of the Greek Left and had criticized the new government debt...

Greek authorities on Thursday unveiled a new tax control plan aimed at boosting public revenues and combating tax evasion in the country. Under the plan, presented by the General Secretariat of Public Revenue, authorities will seek to certify revenues of...