Greek News

Greece’s third bailout loan from the Eurozone might ultimately be less than originally estimated. The European Central Bank announced the official Greek banks’ stress test results on Saturday, noting that the Greek banks’ need for recapitalization is less than...

The council of Greece’s TV and radio regulator, ESR, must be set up so that the TV licensing procedure can begin quickly, Greek State Minister Nikos Pappas said in an interview with Greek daily Real News on Sunday. According to...

More than 60 refugees and migrants, most of them women and children have died while making the dangerous trip from Turkey to Greece in an attempt to flee conflict stricken countries in the Middle East. The Greek government has...

The Greek healthcare system is in constant danger of a blackout, admitted Health Minister Andreas Xanthos, recognizing the citizens’ ordeal and economic burden. “The healthcare system condition is on the verge of falling apart and the government knows this,”...

Greece ’s finance ministry and the country’s main lenders expressed on Sunday their optimism about the outcome of the third bank recapitalization, following the announcement of the results of European Central Bank’s stress tests on Saturday. Banks are now...

The Greek government has approached the Council of Europe to launch a program that aims to improve conditions within Greek prisons. The programme will be a cooperation between the Greek Justice Ministry and the European Council, Kathimerini newspaper reports. Eftychis Fytrakis, the general...

The Greek Parliament ratified the legislation that outlines the changes in Greece's banking sector as well as the process of the anticipated recapitalization of the country's banks, on Saturday. The vast majority of the parliament supported the legislation, with SYRIZA, ANEL, New...

Unfortunately, there is no end to the refugee tragedies unfolding in the Aegean Sea. Early in the morning on Sunday, November 1, a boat carrying around 50 people, crashed against rocks on the coast of the Greek island of...

Cyprus has called upon Turkey, in line with the calls of the international community and the resolutions and recommendations of the UN and other relevant bodies, to end the occupation of Cyprus and to cease violating the fundamental rights...

Minos Polichronakis is now a familiar face in the New York City Subway as he is the new image of the promotion of the American Dream. "In 1969 I arrived at Kennedy with 138 dollars and a lot of guts....

ManiMani “ManiMani” is a popular restaurant in Athens, near the Herodion where you are staying,” said our friends Erica and Doris Haralambithou. It's near the Acropolis. You will love it.” Pictures of Maniot houses adorned the stairway up to the main...

Eleftherios Petrounias emerged supreme on Saturday claiming the gold medal in the gymnastics world championships in Glasgow Scotland. Petrounias celebrated his win by dedicating his gold medal to his father, who passed away a few weeks ago. The Greek athlete overcame his rivals with a 15,800 score....

German newspaper Der Spiegel reports that European leaders are trying to persuade the International Monetary Fund to participate in the new Greek bailout by considering a new approach towards the Greek debt. The three year 86 billion euro Greek bailout was agreed to...

The head of the Hellenic Capital Market Commission (HCMC), Konstantinos Botopoulos has submitted his resignation, following a request by the Greek Finance Minister Eucid Tsakalotos, sources said on Friday. Botopoulos had been at the helm of the Commission for 4 years....

The European Central Bank has assessed that the four systemic banks of Greece need at least 4.4 billion euros and up to 14.4 billion euros to cover their capital shortfalls. In the comprehensive assessment test released on Saturday morning the ECB revealed the extent...