bankruptcy
Economy
Tsipras: Greece Seeks No Rift with Europe
After the Greek government submitted its reforms list, currently being examined by the Brussels Group, Greek Prime Minister Alexis Tsipras stated that the country does not wish to cause a rift with Europe.
In order for the country to avoid bankruptcy,...
Economy
Greek PM Tsipras: ECB has Noose Around our Neck
Greek Prime Minister Alexis Tsipras has accused the European Central Bank (ECB) of holding a noose around the country's neck, amid his government's attempts to avert bankruptcy this month. In an interview to German magazine Der Spiegel, Tsipras urged...
Economy
Greece, 6 Bankruptcies in Less Than 200 Years
Greece has been the center of attention for over two weeks, after the January 25 elections. Foreign media, news agencies, government officials and investors are watching the new Greek government closely, criticizing its every move.
Furthermore, people around the world...
Greece
George Papandreou: Memorandum Was a Medicine
If the Memorandum was not signed, Greece would have been bankrupt. This is what former Prime Minister George Papandreou underlined during an interview on Greek TV earlier today. "The Memorandum was signed for a reason, it was a medicine," Papandreou...
Greece
Greek PM: SYRIZA Is Leading the Country to Bankruptcy and a Credit Crisis
Greek Prime Minister Antonis Samaras blasted main opposition SYRIZA for leading the country to bankruptcy, to a credit crunch and eventually out of Europe, during a speech in the city of Larissa, central Greece, on Saturday night.
The Greek...
Greece
On This Day: Charilaos Trikoupis Declares Greece Bankrupt
“Regretfully, we are bankrupt” is one of the most famous phrases in modern Greek history and was uttered by Prime Minister Charilaos Trikoupis at the Parliament on December 10, 1893, referring to the state's economic situation and its inability to repay its...
Greece
Russian Tourists Trapped in Greece
Greek tourism had yet another loss as Russian agency Yuzny Krest Travel filed for bankruptcy, a problem that has now become an “epidemic.”
More than 4,000 of Yuzny Krest Travel tourists are vacationing outside Russia, while most of them are...
Economy
BlackRock: Greece is Most Likely to go Bankrupt
According to BlackRock's quarterly Sovereign Risk Index that shows which countries face the highest risk of default, Greece was among the countries most likely to go bankrupt.
The last three months (April-May-June) favored developed markets such as Belgium and the UK, which rose...
Business
The Curious Case of Airfasttickets
Airfasttickets has been the target of Greek and international media accusing the fast-growing online travel agency for unfair competition and bringing to the spotlight complains that include non-refunded tickets after they were cancelled by the company.
Amid the high tourist...
Economy
Mazda Representative Filed for Bankruptcy in Greece
The company Elma SA, Mazda's Greek representative and official importer since 1981, filed for bankruptcy on Monday June 30.
Within the next days, the company will announce the new representative of Mazda in Greece who will take over services of the company's cars...