Greek News

Hans-Werner Sinn, a German professor of economics at the University of Munich and President of the Ifo Institute for Economic Research, has recommended that debt-crushed Greece's best option, despite international bailouts, still is to get out of the Eurozone. He...

With Greece's international lenders looking over his shoulder and pressing him to meet fiscal targets or face a cutoff in funding, Prime Minister Antonis Samaras told key cabinet members in the two-party coalition to speed up structural reforms in...

The Flemish newspaper De Morgen wrote an article under the title “The EU is heading towards a hot autumn”, claiming that the European debt crisis will return harsher in autumn. A special reference is done for Greece, which, “although has...

The Greek government will undertake the radical restructuring of troubled state companies, Greek Defense Systems (EAS), Greek Vehicle Industry (ELVO) and mining and metallurgical company LARKO and in this context the government has announced that it has decided to...

There was widespread panic on Agia Marina beach in Chania when the wife of a drowning man started calling out for help. Her 71-year-old husband was unconscious when he was pulled out of the water just before one o'clock after...

Social phenomena we first met in the Brazilian favelas and in the shanty towns of the central states of the USA have come to Greece. In the Greece of destitution and misery, the first favelas are born from families who...

A new program concerning unemployed people that come from families whose members are all unemployed will be implemented in August through the Manpower Employment Organization (OAED). The program concerns 50,000 unemployed people, who will work for five months. The program...

While 2012 was a disappointing year for tourism with people staying away in the face of protests, strikes and riots against austerity, the year 2013 - which could set a record of 17 million arrivals - began with a...

French President Francois Hollande and former Eurozone chief and current Luxembourg Prime Minister Jean-Claude Juncker have chosen the Ionian Greek island of Ithaca for their summer holidays, joining a long list of celebrities choosing to come to Greece during...

Greek police on July 23 were pressing a diligent manhunt for Ilir Koupa, the last remaining escapee from Trikala Prison. The search was said to be going on in the area between Thesprotia and Ioannina continues. Koupa fled after...

Archbishop of Crete Eirinaios said the Church is proposing to give farmland to people without jobs to help them during a crushing economic crisis. Speaking dto the Church News Agency Dogma, he noted that he "wanted to show the love...

Well-known business executive and shipowner Victor Restis was arrested on a warrant from the prosecutor's office while Greek police said they were looking for three more people who appear to be involved in an embezzlement and money laundering case...

A lot of Greek-Australians participated in the special event organized by a number of institutions in honor of Plutarch Deliyannis, one of the most distinguished Greeks of Melbourne who died recently. The event was organized by the Greek Orthodox Community...

“Cyprus should be defined by the blue of the encircling Mediterranean Sea rather than the Green Line, which marks an occupation that should not exist there,” Kevin Rudd, Prime Minister of Australia and the Leader of the Labor Party...

In a comedy of errors that is classically Greek, an electronic system designed to handle all Greek tax returns, some 1.2 million - which got started more than three months late - is riddled with so many problems that...