Greek News

Greece can never rebound without a generous debt haircut, said Yiannis Dragasakis, SYRIZA's chief economist. Speaking to Agence France-Presse ahead of Sunday's general elections Greece, Dragasakis said that despite what Greece's creditors say, a debt cut is absolutely necessary in...

Greece is facing a new economic crisis after a series of wrong moves by the coalition government of Antonis Samaras, thus negating four years of harsh austerity measures, a Reuters report says. The Greek prime minister made the mistake of...

The Greek State has asked Members of Parliament to return the January 2015 salary that they received in advance on December 27, 2014. The total amount that has been paid in advance must be returned within ten days and it...

The bailout program must continue with all reforms implemented and there will be no debt writeoff, said Greece's European partners ahead of the crucial elections on January 25th. Pierre Moskovici, Wolfgang Schäeuble, Jean-Claude Juncker and Christine Lagarde, said essentially the...

An exit by Greece from the euro zone would be "devastating," the head of the International Monetary Fund Christine Lagarde said on Tuesday. Speaking to Irish state broadcaster RTE, the IMF chief discussed the political situation in Greece ahead of...

Over the last 3.5 years approximately 3,500 Greek-Australians, mostly Kalymnians, have returned from Greece to Darwin due to the economic crisis, noted Darwin’s Honorary Consul General of Greece, John Anictomatis, who has also served as governor of Northern Territory...

A prolonged period of consultation and negotiation with our partners without any clear result and time of completion, and, if there were any maximalistic demands, not taking into account what the creditors' side could give or any unilateral actions,...

  A significant increase in migrants was recorded in Germany during 2013. While in 2012 the numbers of people who settled in Germany stood at 1.08 million, in 2013 their total number rose to 1.23 million. This is the largest number...

Nigerian striker Michael Olaitan returns on Olympiakos squad for the upcoming game against Tyrnavos for the Greek cup tomorrow. It's been over ten months since his terrifying collapse at the Karaiskakis stadium. It was March 2nd, 2014 at the 30th minute of...

Uruguayan football coach Sergio Markarian claimed that no one has officially offered him the Greek National Team's head-coach position yet but that he would gladly discuss the idea of succeeding Claudio Ranieri if an offer was raised. Sergio Markarian is one of the...

With the critical Greek elections just 5 days away, the European Bank for Reconstruction and Development (EBRD) has spread disappointment to the country’s business world as it put off a decision over its operation in Greece until after the polls. The...

The British High Commissioner to Cyprus, Ric Todd, highlighted that the British government supports efforts aiming to bring the tragedy of missing persons from the 1974 Turkish Invasion to an end. Furthermore, the British official said his country's government is...

An investigation has been launched in Athens after the Greek daily newspaper "Ta Nea" has reported that illegal phone tapping has taken place near the major political parties headquarters. According to the report, numerous suspicious devices have already been...

A Greek prosecutor has ordered earlier today the immediate extradition of a 33-year-old Algerian man, arrested on the basis of a European warrant issued Monday by Belgian authorities, who may be linked to a foiled Islamist militant plot to...

French far-right politician and xenophobic Front National (FN) leader Marine Le Pen said earlier today that her party would rejoice if leftist main opposition SYRIZA wins the upcoming elections in Greece. As expected, the controversial statement caused numerous reactions...