greece news

Greece’s Finance Ministry announced on Tuesday it will set up working groups to implement International Accounting Standards for the public sector and reform financial legislation. According to the Ministry, the decision by Greek Alternate Finance Minister Dimitris Mardas aims...

Greek Prime Minister Alexis Tsipras is due to urgently travel to Brussels on Wednesday where he will be presented with a new proposal to solve Greece's debt crisis. Greece's international creditors -- the European Central Bank (ECB), the European Commission and...

The European Central Bank (ECB) has increased the Emergency Liquidity Assistance (ELA) provided to Greek banks by 500 million euros, to 80.7 billion euros from 80.2 billion, news agencies reported on Tuesday. According to the same reports, Greece's cash buffer...

As part of the “ARTEMIS” business plan, Greek companies were audited between September 2013 and February 2015 in order to determine how many Greeks were doing undeclared work. As it turns out, 13.22% of the audited companies were employing...

Thanks to the initiative of 17-year-old Greek-American Aristotelis Aslidis, who managed to raise 5,000 dollars and purchase computers, the lives of 150 Roma children in Thessaloniki, northern Greece, will change. Aslidis, a New Jersey resident, launched a web campaign -...

As Greece is struggling to reach a deal over austerity measures with its European creditors in order to unlock the vital €7.2 billion euros it desperately needs and make a €300-million payment to the International Monetary Fund (IMF) on Friday, Eurogroup President Jeroen...

Greece officially submitted a complete, comprehensive and compact draft of its proposals to the country's creditors on Monday night, Minister of State Nikos Pappas said on Tuesday, confirming earlier reports citing government sources. He noted that this was a requirement...

A 4.4-magnitude earthquake has struck on the western Greek island of Kefalonia, the Athens Geodynamic Institute reported. The tremor occurred at 4:04 p.m. local time on Tuesday, with its epicenter 5 kilometers (3.1 miles) beneath the island's surface. No damage or casualties have...

A criminal gang importing large quantities of cocaine into Greece has been dismantled in an operation by the Greek police narcotics unit on Tuesday. Four gang members have been arrested in Athens - three Albanian nationals and one Greek -...

Ghana international and former Chelsea midfielder Michael Essien arrived in Athens on Monday night to join Panathinaikos F.C. after the Athens-based club secured a Champions League spot last weekend. The 32-year-old football player is expected to begin the next chapter of his career...