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Greek News

Greece at the Center of Today’s Eurogroup Meeting

Greece is once again at the center of today’s Eurogroup in Brussels as there is urgent need to examine the course of negotiation talks between the Greek government and its creditors. The first meeting in Athens between the two sides...

Lagarde Nominated as IMF Managing Director for Second Five-Year Term

The International Monetary Fund announced today that it has nominated Christine Lagarde to lead the institution for a second-five year term. IMF’s Executive Board said that no other candidates had been nominated for the position. Lagarde was named IMF’s 11th managing...

Cyprus – Joint Declaration Remains the Basis for Negotiations

The Joint Declaration of February 11, 2014 remains the basis for negotiations in Cyprus, says Espen Barth Eide, the UN Secretary-General's Special Adviser in Cyprus. In a message οn twitter, Eide refers to the text that was adopted two years...

Stanley Morgan Survey Finds That 9 of 10 Greeks Don't Plan to Redeposit Their Money With Greek Banks

Since the start of the crisis, Greeks have withdrawn many billions of euros from the nation’s banks and nearly all of them do not plan to redeposit their money with Greek banks, according to a survey by Stanley Morgan. The...

Car Crashes in Greece the Highest in EU

The number of deaths resulting from car crashes in Greece reaches 1,600 while over 20,000 were injured last year. On a daily basis, five people die, five are left quadriplegic, ten are left paraplegic, 60 are injured leading to tens...

Greek Stock Market Tumbles Again, But Losses Are Minimized Due to Political Announcement

Athens Stock Exchange continued its week-long steep slide today as the general index fell 1.8% to 441 units, while halfway through the day it was down 6.35%. The banking index continued to register the biggest losses in Athens Stock Exchange,...

NATO Warships Ordered to Aegean to Deter Human Smuggling

Jens Stoltenberg, the NATO secretary-general, said on Thursday the warships, now under German command, are ordered into the Aegean Sea to conduct naval patrols to help end the smuggling of migrants between Turkey and Greece. The decision is based...

Thodoris Dritsas: Five Hot Spots By the End of the Month

  "The government is making big efforts and by the end of the month, I estimate that five hot spots will be working in the Aegean islands and in Schisto, Athens and in Sindos, Thessaloniki," assured the Minister of Shipping...

Yannis Behrakis: The Man Behind the Image

The Secretariat General for Media and Communication organized the event “The Man behind the image” in honor of the multi-award winning photojournalist Yannis Behrakis. Behrakis, has been a photojournalist with Reuters for the last 20 years. His work has been awarded...

Unemployment in Greece Drops Slightly to 24.6%

Greece's unemployment rate dropped slightly to 24.6 percent in November, down from an upwardly revised 24.7 percent in October, says the Hellenic Statistical Authority (ELSTAT). According to the figures released on Thursday, jobless Greeks reached 1.18 million people in November. The...

Four Greek Firms Amongst Europe's Finest

Four Greek firms won their golden ticket to the final phase of the European Business Awards competition, in which they will compete for the best European firm award. The results of the second phase of the competition were announced today,...

State Assumes Control of Athens Concert Hall After Covering Debts

The Athens Concert Hall, known locally as the “Megaron,” the foremost major arts center in the country, has come under state ownership after the government agreed to cover its bank debts to ensure its survival, it was announced on...

Bill on TV Licenses Submitted to Greek Parliament

The draft law on TV licenses was submitted to Parliament late on Wednesday, February 10. According to the provisions of the draft law, four licenses will be granted and the starting price will be determined by a joint decision of...

Master of Financial Crime Arrested in Greece

A 65-year-old man who was considered by Greek police as one of the masters of financial crime in Greece, was arrested on Tuesday. The man police has called "the greatest Greek swindler" is Stavros Panagiotopoulos. He was arrested in Athens...

NATO to Aid Greece-Turkey to Stem Migrant Flow in Aegean

NATO is to participate in Greece-Turkey maritime surveillance missions in the Aegean Sea to combat illegal people smugglers and stem the migrant inflow. The proposed mission to be discussed at a NATO defense ministers meeting in Brussels on Thursday comes after German Chancellor...