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Greek News

Moody's Takes Positive Rating Actions on Five Greek Banks

Moody's Investors Service has today upgraded the long-term deposit and senior debt ratings of Piraeus Bank SA, National Bank of Greece SA and Alpha Bank AE by one notch to Caa1 (stable outlook) from Caa2 (negative outlook) and increased...

Syrian Refugees Found on Beach Trying to Reach Greece

According to the newspaper "Hurriyet," 32 Syrian refugees were found on a deserted beach in the southern province of Antalya. The group of refugees, including six women and a baby, were gathered on the Greek island of Rhodes. They were...

Greek MPs Set to OK 2014 Budget

Despite barking opposition to some reforms, lawmakers in Greece's ruling New Democracy Conservatives and PASOK Socialists are expected to roll over and approve a 2014 disputed budget even without knowing the size of a revenue gap nor how the...

Greek Orthodox Nuns Abducted by Rebels Appear in Video

The Greek Orthodox nuns who were abducted by rebels on December 2, from a convent near Damascus, appear in a video broadcasted on Friday and report that they are being held in a safe place. The video that was broadcasted...

Greeks Waste Large Amounts of Food

In Greece 37% of citizens are wasting food at least 1-2 times a month. Young people of 18-34 years of age are wasting even larger amounts, particularly compared to those aged 55 and over. Food that most often ends up...

Aegean and Olympic See Increase in Domestic Traffic

Earlier this week, Aegean announced that combined domestic air traffic carried by Aegean Airlines and Olympic Air was up last month by 10% compared with November 2012. According to the announcement, it has taken four years for the two carriers to...

Davutoglu in Athens to Discuss the Cypriot Dispute

On December 13, the Turkish Minister of Foreign Affairs Ahmed Davutoglu will be in Athens to discuss the Greek EU presidency and the Cypriot dispute. Athens would like to keep a low profile, however Turkey has decided to take a...

Greek Umbrella Unions Announce New Demonstration

The umbrella unions, GSEE of the private sector and ADEDY of the public sector have called their members to gather outside the Greek Parliament this Saturday. The demonstration will take place in the center of Athens in protest against the...

Court Finds 11 of 14 Accused in Halkidiki, Innocent

The Misdemeanor Court of Chalkidiki  that took place on October 2012, found 11 of the 14 accused for the clashes with the police during the protest at Kakavos against the Skouries mining operation, innocent. Fourteen people were taken to...

Economist: Crisis Put an End to "Eternal Student" Phenomenon

It appears that the crisis has changed the attitude of Greek students towards their studies. In the past years they weren't hurrying to complete their studies but nowadays they desperately get back to universities. The financial magazine "Economist," referred to the...

Illegal Adoption Case Shocks Cyprus

A Bulgarian couple who appear to be the biological parents of an infant at the center of an alleged illegal adoption case, have made a statement to the Police in Larnaca. They claim that the baby was about to...

The Greek Who Saved Nelson Mandela

George Bizos, the Greek lawyer and good friend of Nelson Mandela, during a past visit to Athens had reveled details of  his life and his relationship with Mandela. Bizos, was born in 1928 in the village Vasilitsi, in Messinia. In...

Injustices of the Greek Tax System

According to a study conducted by the Foundation for Economic and Industrial Research (IOVE) and the British Hellenic Chamber of Commerce, there are obvious injustices in the Greek tax system. The study shows that 8% of employees with annual wages...

Demonstrations in Memory of Alexandros Grigoropoulos

Demonstrations took place today in many Greek cities to honor the memory of Alexandros Grigoropoulos. It has been five years since Alexandros Grigoropoulos was shot dead by a policeman in the Exarcheia district of central Athens. The murder of the young student...

Viewpoint: Unique Anthony Coutsouros Parish Council Presidency in Eastern Long Island, New York

“I wanted to give back to the church community that supported me when I needed a family. It is my unique honor to serve the Transfiguration of Christ Church of Mattituck, Long Island, from December 2012-13,” said Mr. Anthony...