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Greek Crisis

Top Greek Films You Must See, from the Classics to Modern Day

There are some Greek films that are classics and should be viewed by everyone. They are the stories of a country that over the decades has seen political turmoil, a coup resulting in a military junta, survived wars and still...

ECB in Danger of Making Debt Restructuring 'Virtually impossible', Expert Warns

The European Central Bank (ECB) is in danger of biting off more than it can handle, warns expert Kai Schaffelhuber, a partner at law firm Allen & Overy, whose firm was involved with the daunting task of confronting Greece’s...

Spiegel Critical of Schaeuble's 2-Tiered Approach to EU Member States

  German magazine Spiegel notes that German Finance Minister Wolfgang Schaeuble was not fair in his handling of Greece's economic crisis on account of the Greek government's left-wing government. Despite being warned by economists that the austerity measures strangled Greek...

Scathing Report: IMF Watchdog Criticizes the Fund's Poor Handling of Greek Crisis

The International Monetary Fund's Independent Evaluation Office presented a scathing report on Thursday on the IMF’s handling of European bailouts. The findings show that it bent the rules and bowed to political pressure in the ill-fated Greek rescue in...

FAZ: 'Resignation, Disillusion, Bitterness' for Greeks

German newspaper Frankfurter Allgemeine Zeitung (FAZ) presents an article signed by Richard Fraunberger, who has lived in Greece for the past 15 years. The article is an assessment of the situation in Greece from July 2015 when the referendum...

New Democracy Calls for 'truth and transparency' of Tsipras' Role in Plan X

New Democracy, Greece’s conservative opposition party, has once again called for a parliamentary inquiry into the specific events that lead up to the country’s third bailout agreement. In particular they are questioning the contingency plan for a scenario in which...

Greece-China Relationship of Strategic Importance, PM Tsipras Says

Greek Prime Minister Alexis Tsipras' official visit in China started on Monday with the welcoming ceremony in front of the People's Congress, at Tien An Men Square in Beijing. Earlier on Monday, Tsipras met with the President of the People's...

Jetoil: Another Greek Company Files for Bankruptcy

Greek family business, Mamidoil Jetoil, is the latest in a chain of companies filing for bankruptcy according to article 99 of the Bankruptcy Code. The company dealing in storage, transport and trade of petroleum-based products in Greece and the...

Marinopoulos Granted Temporary Protection From Creditors

Greek supermarket chain Marinopoulos won temporary protection after applying for bankruptcy. The court decided to protect the privately-owned group from creditor foreclosures until September 21 when its petition for a resolution process is judged. Marinopoulos' management views the decision as...

The Hellenic Initiative Brings Hope to Entrepreneurs in Greece via Venture Fair 2016

The Athens Hilton Hotel will be hosting the 2nd Annual Venture Fair on June 28. The event is one of the major efforts put forth by The Hellenic Initiative (THI) in hopes of bringing investment to Greece at this most critical time...