Greek News

The European Stability Mechanism (ESM) Board of Governors decided on Friday that it approves -in principle- a loan program for Greece. This effectively means that the institution agrees that negotiations on the bailout deal should begin. The three-year cash-for-reforms program will give Greece...

Wildfires are quickly spreading across Attica, Laconia and Halkida due to strong winds, while the fire department is attempting to bring the situation under control. Meanwhile, the Greek Prime Minister Alexis Tsipras visited the Pentagon where he was informed...

The German Parliament authorized the German government on Friday to engage in negotiations for a European Stability Mechanism bailout program for Greece. 439 lawmakers voted Yes, 119 voted No and 40 abstained. 50 lawmakers from German Chancellor Angela Merkel’s CDU/CSU coalition...

A formation of Turkish fighter jets violated Greek airspace a total of 20 times on Wednesday before being chased off by Greek aircraft, according to a Kathimerini report. A total of six Turkish fighter jets flying in formation entered Greek...

While the Greek Fire Department has been battling a wildfire in Peloponnese, two more flaming fronts broke out in Kareas and Koropi, Athens. The large-scale fire in Karea broke out near Vyronas and is currently moving towards Ymittos mountain. Despite...

The IMF is willing to participate in the next Greek bailout program, provided that the Eurozone allows a debt haircut or restructuring, so that the debt becomes sustainable and the country can receive market financing, said the fund’s Managing...

"The Finance Ministry and the Bank of Greece examine all possibilities and technical details so that banks can open as soon as possible," says a finance ministry announcement, thereby negating previous reports that Greek banks will open on Monday. Only...

At least two Greek villages and a children’s summer camp in Lakonia, Peloponnese, were evacuated due to a wildfire that broke out around 3:45 am on Friday, July 17. Authorities have rushed to the scene but the fire is...

Europe came close to catastrophe for over 2.5 billion euros as the talks between Greece and its creditors for a new bailout deal last weekend almost failed, European Council President Donald Tusk said. Tusk gave an interview to Greek newspaper...

Greece ’s central government cash balance showed a deficit of 1.851 billion euros in the first half of 2015, down from a deficit of 1.918 billion in the same period last year, the Bank of Greece said. The central bank,...

The German parliament has opened debate on whether to re-establish formal debt negotiations with Greece. In her opening speech ahead of the debate, Merkel recalled the election of Tsipras and his Syriza party in January on a wave of support...

German Chancellor Angela Merkel defended the argument about a possible temporary Grexit speaking to her conservative parliamentary group ahead of the vote for Greece's third bailout on Friday, a source said. "I think it's definitely right to think through and...

Greek Prime Minister Alexis Tsipras has not decided yet on the persons that will fill the seats on the cabinet reshuffle but sent a strict message to the 32 lawmakers who voted against the reforms required for the bailout...

Greek bank branches will reopen on Monday according to sources, the Athens-Macedonian News Agency reported. The alleged decision follows a European Central Bank (ECB) announcement that increases the Emergency Liquidity Assistance (ELA) to Greek banks by 900 million euros. ELA had...

The island of Crete is home to great traditions and proud, defiant people who function mainly on tight kinship and friendship ties. Greece's largest and southernmost island has 620,000 people and its rich, fertile land and gorgeous seaside make it...