economic crisis
Economy
Condé Nast Traveler Urges Tourists to Rescue Greece
"What Greece needs now, more than ever, are tourism dollars — so don’t cancel your trip just yet," Condé Nast Traveler advises.
Prominent travel website Condé Nast Traveler followed the Guardian’s footsteps and invited readers to visit Greece despite the crisis...
Economy
Greek Taverna Accepts Bitcoin for Payment
The taverna Angelos in the Haidari neighborhood of Athens is the first Greek restaurant that accepts bitcoin for payment. In fact, now that capital controls are imposed, the owner offers a 20 percent discount to customers who choose to...
Economy
Rich Russians Buy Greek Villas for Peanuts
The number of Greek luxury villas bought by Russians has doubled in 2015 compared to previous years, says a Bild report.
As the Greek economy keeps sinking in recession and the recent capital controls have crippled tourism, the Greek government...
Economy
Greece Makes Formal Request to ESM for Third Bailout Program
The Greek government made a formal request to the European Stability Mechanism asking for a bailout program to help pay its debts and bring its crisis-stricken economy back from the road to bankruptcy.
The European Stability Mechanism, Europe's financial rescue...
Economy
Hundreds of Greek Police and Fire Dept Vehicles Immobilized Due to Lack of Funds
Hundreds of police cars and fire trucks remain immobilized as there are no funds for their repair or replacement, according to Greek Police and Fire Department officials.
The economic crisis has caused significant problems in the daily operation of the...
Economy
Greek Crisis Featured in U2 Tour Video Screen [Video]
The Greek crisis makes a cameo appearance in the current U2 tour in the United States and Canada as the phrase "Unfuck Greece" along with footage from anti-austerity demonstrations in Athens' Syntagma Square appear on the giant screen.
When U2 performed...
Celebrities
Woody Allen: It's a Pity we Read About Greek Crisis and not Plato or Socrates
"Instead of Plato and Socrates, we read about Greece's economic disaster," said top American director Woody Allen while in Cannes to promote his new film "Irrational Man."
"It is horrible. Every day I open the paper and read about Greece's disaster....
Economy
Greece's Biggest Brain Drain Since the Time of Socrates
Greece is losing its priceless human capital as the economic crisis continues, which is leading to the biggest brain drain in history since the time of Socrates, according to a Market Watch report.
The country's brightest workforce is leaving to...
Greece
Greeks Look for Future Inside Coffee Cups
The ancient art of tasseography, or reading the leftover coffee grounds in the cup, is alive and well in Greece and it is a great entrepreneurial idea to beat the financial crisis.
Or at least that's what Laura Secorun Palet...
Economy
Piraeus Bank Writes Off Debts Under €20,000 for Poverty-Stricken Greeks
Piraeus Bank, one of the four major Greek banks, has decided to write off debts of up to 20,000 euros and freeze debts from mortgages for poverty-stricken Greeks.
The program aims at Greek citizens who fall in the category of...