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bankruptcy

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...