Greece
Economy
ECB Assesses Greek banks' Liquidity Condition on a Daily Basis
A European Central Bank board teleconference meeting on Thursday reassessed liquidity conditions in Greek banks.
Bank sources told ANA-MPA that the Bank of Greece "took as much ELA it requested." However, there is no official information over if and how much...
Greece
ND Leader Samaras: If Greek Gov't Loses MP Support on Deal, a Transitional Gov't Is Needed
If the Greek government majority does not support the potential agreement between Greece and its creditors whenever it comes to parliament, then a different government formation should be formed, main opposition leader Antonis Samaras told Crash magazine in an...
Environment
Greece's First Completely 'Green' Island
Tilos is a small Greek island that was known for its herbs and myrrh during ancient times, while today the island is famous for its fragrant honey, rocky beauty and a small plain that pops like a green firework.
The island will become...
Economy
No White Smoke for Greece in Talks with Creditors, New Proposals to Table at Eurogroup
Greek Prime Minister Alexis Tsipras completed yet another fruitless meeting with the chiefs of the troika of lenders under tremendous pressure to seal an agreement before facing other European Union leaders at a summit later on Thursday in Brussels.
There...
Business
Which Tourists Are Most Disappointed By Their Vacation in Greece?
Swedish tourists appear to complain more than any other after their visit to Greece, while most of them stated they were unhappy with Greek restaurants and hotels. The information was made public at an event to mark the 10th year...
Greece
Pharmaceutical Firms Artificially Manipulate Drug Availability, Greek Institute Claims
Big multinational pharmaceutical companies are engineering artificial drug shortages in Greece by arbitrarily adopting "ceilings" for drugs sold per pharmacy and demanding personal data on customers and patients, the Pharmaceutical Development Institute of Greece (FANIE) asserted on Wednesday.
FANIE claimed...
Economy
Creditors Give Greece Ultimatum and Deadline, All Outcomes Possible
Greece is facing an ultimatum by creditors and Prime Minister Alexis Tsipras is racing with time as a Eurogroup session is scheduled at 2:00 pm and the two negotiating teams must have reached a staff level agreement by then.
Wednesday...
Economy
Could Greece’s Debt and Bailout Plan Be Illegal?
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By Belén Olmos Giupponi*, University of Stirling
As Greece and its international creditors race to agree on a bailout deal, the issue of the legality of Greek debt has been raised. The Greek parliament’s Truth Commission on Public Debt has released...
Economy
What Do I Think of the New Greek Austerity Plan?
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This week the Greek government sent its new proposals for austerity to Brussels. We asked a financial analyst and investment advisor to tell us his thoughts on the new Greek package that is now being discussed in Brussels as a basis...
Economy
Eurogroup: No Decision on Greece, Tsipras and Institutions to Meet Again
Another euro area summit failed to seal a deal for Greece. Finance Ministers are gathered in Brussels for the third time in a week, although they have no formal paper to discuss as Greece and creditors have reportedly rejected...