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Greek News

Greek Bishop Asks Russia for Help

Bishop Ambrosius, head of the Greek Orthodox Church delegation visiting Russia, said that Greece needs Russia's help to deal with the economic crisis. Calling on historic and religious ties, Bishop Ambrosius asked Russia to help Greece during a visit for events...

SYRIZA Left Platform Ready to Clash with Greek PM Tsipras

The opposing statements made on Greek radio by Prime Minister Alexis Tsipras and his "opponent," Left Platform leader Panagiotis Lafazanis, show that the Thursday meeting of SYRIZA's Central Committee might end into a showdown within the ruling party. After the...

Greek Parliamentary Budget Office Releases Gloomy Forecast for Greece's Economy

The Greek Parliamentary Budget Office found that the Greece's economy will face a tough few months ahead. In its quarterly report for the April and June 2015 period, the Office noted that the capital controls in effect since June 28 will not be lifted...

Can Cheese Unite Greek and Turkish Cypriots After 41 Years?

The European Union has solved a long dispute over a special cheese from Cyprus by deciding to recognize it by both its Greek and Turkish name. The famous halloumi cheese -- or hellim for Turkish-Cypriots -- is now officially a protected designation...

Father and Son Found Murdered in Northern Greece

Two men, a 72-year-old pharmacist and his 27-year-old son, were found dead in their home in Serres, northern Greece. Their bodies were found by the elder man’s daughter around 10:00 pm on July 28. Greek police and EMTs were...

Der Spiegel: Greek Money Is Moving to Bulgaria

Greek depositors and businesses are relocating their money and their business headquarters to Bulgaria, according to German weekly magazine Der Spiegel. The magazine reported that 14,000 euros are leaving Greece for Bulgarian banks each week since capital controls were fist imposed in Greek banks on...

Reopening of Athens Stock Exchange Postponed

According to Greek newspaper "Kathimerini," sources claimed that the reopening of the Athens Stock Exchange (ASE) is being postponed because banks have been unable to create new accounts for Greek stockholders. The stock exchange was expected to open on Thursday after being shut down since...

Concert in Honor of Mikis Theodorakis 90th Birthday

A concert in honor of Greek composer Mikis Theodorakis will take place on Wednesday on the occasion of his 90th birthday. The popular orchestra "Mikis Theodorakis" will participate: piano Yiannis Belonis, bouzouki Thanassis Vassilas and Yiannis Matsoukas, guitar Vangelis Kontaratos,...

Creditors' Represenatives in Athens Continue Talks But Timely Deal Uncertain

The creditors' representatives took over negotiations from technical teams in Athens but it is uncertain whether Greece will secure a bailout agreement by August 20. With SYRIZA struggling for unity as almost one third of MPs are against the proposed bailout deal,...

IMF's Lagarde: Greek Debt Restructuring Is Inevitable

International Monetary Fund (IMF) Managing Director Christine Lagarde has insisted that any new bailout program for Greece requires significant restructuring of the cash-strapped Eurozone nation's massive debt load. During an online press conference on Wednesday, Lagarde reiterated her view that any new...

ECB Maintains ELA to Greek Banks

According to reports, the European Central Bank (ECB) decided to maintain the Emergency Liquidity Assistance (ELA) to Greek banks at the current ceiling of almost 91 billion euros. The alleged decision follows reports that the Greek government did not request further assistance...

Greek PM Tsipras Criticizes Party Dissidents

Greek Prime Minister Alexis Tsipras gave an interview to "Sto Kokkino" radio station on Wednesday afternoon where he discussed the divisions within his party and the agreement he made with international creditors. Tsipras said that although he does not want...

Greece and Venezuela to Reinforce Cooperation

The Foreign Affairs Ministry of Venezuela announced on Wednesday that it will work together with the Greek government to strengthen cooperation and deepen solidarity between the two countries. Greece's Foreign Ministry Secretary General for International Economic Relations and Development Cooperation Giorgos Tsipras...

Greek Embassy: ‘Greece Has Contributed to the Bulgarian Economy’

The Greek Embassy in Sofia, Bulgaria, sent out an official statement pointing out Greece’s contribution to the Bulgarian economy, describing it as a country that strongly backed Bulgaria’s legitimate accession in the European Union. Furthermore, the statement noted that Greece had...

Greeks Have the Least Faith in Their Economic and Political System

The Cologne Institute of Economic Research released the results of a study, which found that among Europeans, Greeks have the least faith in their country's political and economic system. In the 2014 confidence index study that compared 20 European countries, Greece ranked...