Greek News
Greece
Popular Greek Beach Blocked Due to Road Repairs
The road leading to the famous beach of Myrtos, in the Ionian Sea island of Cephalonia will be closed for repairs.
According to local authorities, the road was seriously damaged by the recent earthquakes that shook the island this year and needs repair....
Greece
Greek Parliamentarians Favor Their Own 2,000 Employees
Almost 2,000 employees that are working at offices of Greek MPs, Greek political parties offices, Public Sector, ADEDY labor union, the Social Multicenter of ADEDY and the Greek representatives' offices of the European Commission, will be evaluated by different criteria that the remaining public sector servants.
Although a list of 16...
Greece
Medieval Working Conditions for Greek Workers
Shocking data released by the General Confederation of Greek Workers Union GSEE reveals that the exploitation of unemployed Greeks is on the rise. Working conditions for hundreds of thousands of workers in Greece can be characterized as unprecedented and resemble...
Greece
The "Colossus of Love" Found Burnt Alive
The "Colossus of Love'' star Elias Fanouris, met his tragic death on Friday morning, June 13. The man was famous in Rhodes and became known to the rest of Greece as the lead actor of the popular documentary “The...
Business
Greece Wants Azeri Gas Investment, TAP
With privatization and foreign direct investment lagging, Prime Minister Antonis Samaras has discussed the sale of the country's gas transmission network DESFA with visiting Azerbaijan President Ilham Aliyev, and the construction of the the Trans Adriatic Gas Pipeline (TAP)...
Crime
Five Suspects to Testify on 1.1 Tons of Heroin
After a major drug bust in the Filothei suburb of Athens, Greek police has seized almost 1.1 tons of heroin and arrested twelve people in total, five of which will be summoned to testify before an Athens prosecutor on Tuesday,...
Greece
Account Seizures Legal Without Informing the Debtor
The seven members of the Council of State of Greece announced yesterday their decision regarding seizure of salaries and pensions of debtors owing to the State. They announced that debtors will not be informed beforehand in regards to the...
Economy
Greek Core Changes Denied by Eurogroup
A European Commission official has stated that only a fine tuning of pending issues will be accepted by Greece's international lenders, excluding any bigger changes to the country's fiscal consolidation program. He also added that there are still some...
Greece
Hellenic Motor Museum Presents Made in Greece Car Exhibition
On the question “how many cars do think have been manufactured in Greece ?” most Greek citizens would probably reply “None.” However, the case is rather different as proven by the thematic exhibition “Made in Hellas” organized by the...
Economy
Calamos Insights: "Politics & Prosperity"
guest -
*By John P. Calamos Sr.
In the spring of 2013, I shared with you some insights from my recent trip to Greece, where I had met with global business leaders, economists, academics, investors, and politicians, including Greece’s Prime Minister Antonis...
Economy
85 in 100 Unemployed Do Not Receive Benefits
Only 150,000 unemployed people from the one million that are currently registered in the Manpower Employment Organization (OAED) are receiving their unemployment benefits, said the chairman of OAED, Theodoros Ambatzoglou.
According to the OAED chairman, there will be no new benefit...
Greece
25 Ancient Greek Theaters Will Open to Public
The “Athens Festival” institution, in collaboration with “Diazoma” association, have taken the initiative of opening 25 ancient Greek theaters and archaeological sites to the public in order to promote the country’s cultural heritage.
Most ancient Greek theaters are scheduled to...
Crime
Businessman Thomas Liakounakos Released on Bail
After his plea to the investigating authorities, businessman Thomas Liakounakos was released on a 300,000 euro bail and a ban on exiting the country. Liakounakos who was involved in suspicious armament deals during the 90s was summoned to apologize on...
Greece
Gikas Hardouvelis: From Humble Beginnings to the Hot Seat of the Ministry of Finance
Gikas Hardouvelis, the new Greek Minister of Finance who replaced the much-criticized Yannis Stournaras in the hot seat of the office, was born in a small village in Arkadia, Peloponnese, to a poor family. He went to primary school in...
Education
Pressure That Kills: Greek University Entrance Exams
The three-week-long university entrance exam is the single event that defines a Greek student's success - or failure - in the Greek educational system. The pressure to score high in tough tests, one day after the other, in combination with Greek society's view...