Greece
Economy
Pension Cost in Greece Reaches 16-Year High at €28 Bln Annually
As the number of pensioners in Greece increases rapidly, pension costs reach a 16-year high at 28 billion euros per year.
While creditors press for pension cuts and a stop to early retirement, the cost of pensions puts security funds...
Economy
German FinMin: Greece Has Until End of June to Reach Deal
German Finance Minister Wolfgang Schaeuble said "the financial assistance program to Greece will expire on June 30, this is the deadline given to Greece."
Schaeuble spoke on Friday in a news conference following a meeting of finance chiefs of the...
Economy
Greek FinMin Varoufakis: There Will Only Be One Good Agreement
There will only be one good agreement...this negotiation has dragged on enough...it will include the pension system, labor market and the public debt," Greek Finance Minister Yanis Varoufakis said on Friday.
In a radio interview, Varoufakis said there was convergence in...
Economy
SYRIZA MP: Greece Is Prepared for All Possible Scenarios
SYRIZA Parliamentary Spokesperson Nikos Filis said that Greece is seeking a deal with lenders but is also prepared for all possible outcomes in negotiations.
Filis spoke to Mega television on Friday saying that the government is taking all precautions to...
Greece
562 Years Since the Fall of Constantinople: The End of an Empire [VIDEO]
The fall of Constantinople was the result of a three month siege by the Ottoman army, led by Sultan Mehmed II. At the time, Emperor Constantine XI Palaiologos was the ruler of the Byzantine capital. The siege lasted from April...
Environment
Crete: 6 People Injured by Lightning in Knossos
It all started at 9:30 am on Friday, May 29, when lightning struck six Russian tourists who were on a tour around the archaeological site in Knossos, Crete.
One woman was seriously injured, while the others were caught off guard...
Economy
European Commission: Time Is Running Out for Greece, No Progress in Negotiations
Greece is seeking a political solution to the financial aid problem as negotiations on a technical level are progressing very slowly and Brussels warn that time is running out.
On Thursday's Euro Working Group (EWG), European Commission officials said that...
Economy
Greek State Minister: There Will Be an Issue of Party Discipline
Greek State Minister Nikos Pappas, in an interview to thepressproject.gr late on Thursday, expressed his optimism over a mutually beneficial agreement with the country's partners.
He stressed the need to conclude the negotiations as soon as possible and left the possibility open...
Greece
National Bank of Greece Reports Losses in Q1
National Bank of Greece (NBG) reported losses of 159 million euros in the first quarter of 2015, integrating domestic losses of financial results worth 112 million euros.
Commenting on the results, NBG CEO Leonidas Fragkiadakis said: “Against strong headwinds, which...
Greece
36 Years Ago Today Greece Entered the European Union [Video]
It was 36 years ago today when Greece's Prime Minister Constantine Karamanlis was putting his signature to the historic Treaty of Accession to the European Economic Community, as the European Union was called at the time.
It was May 29, 1979,...