Greek News

Russia wishes to contribute in the restructuring of the Greek economy by offering facilitations through direct exports of hydrocarbons, oil and natural gas to Greece, stated Energy Minister of Russia Alexander Novak on Sunday. He said that "the Russian Federation...

As the meeting of the Eurozone finance ministers and the summit of the 28 European Union leaders are still in session, it was decided that there will not be a written announcement and that Eurogroup President Jeroen Dijsselbloem will...

European leaders entered the crucial summit that will decide the future of Greece in Europe with mixed expectations, while Greek Prime Minister Alexis Tsipras asked for an "honest compromise." German Chancellor Angela Merkel said she is not surprised that another...

Eurozone finance ministers decided that Greece must legislate a series of reforms within the next few days in order to continue negotiations for a third bailout package the country has requested from the European Stability Mechanism. According to comments by...

117 migrants have been rescued off the western Greek island of Zakinthos, Greece's coast guard says. Greek authorities launched a rescue operation Saturday night. Migrants are asked to leave the boat carrying them as at risk and rescued from the...

"We want Greece to make deep reforms as member of the eurozone" stated European Commissioner for Economic Affairs Pierre Moscovici on Sunday before the restart of the Eurogroup meeting. "The discussions yesterday" (Saturday) he noted "were long and difficult and...

The first 2-way bitcoin ATM was inaugurated in downtown Athens on Saturday at The Cube, a coworking space that houses several innovative startups. And many find that through this very ATM they can overcome Greece's capital controls. The 2-way (bitcoin...

President Donald Tusk called off a special European Council meeting set for later today. During the meeting the Council was supposed to discuss the Greek bailout proposal. I have cancelled #EUCO today. #EuroSummit to start at 16h and last until...

Finland's parliament is not willing to accept a new bailout agreement for Greece as Eurozone finance ministers continue negotiations on Sunday's Eurogroup, according to reports. The country's euro-sceptic Finns Party, the second in power in parliament, threatened to bring down...

The latest Eurogroup on Greece brought to light a document that many call "Schäuble's Plan for Grexit." In the document, German Finance Minister Wolfgang Schäuble offers his comments on Greece's proposal to the country's creditors. German FinMin's bitter stance towards Greece essentially...

Saturday's crucial Eurogroup meeting, where finance ministers discussed the newly submitted Greek bailout proposal, has been inconclusive. The Eurogroup will meet again on Sunday at 11 am, just five hours before a decisive Euro Summit. The Eurogroup held an in-depth...

Greece's creditors are skeptical over the leftist government's willingness and ability to implement the reforms required in order to grant the country a third bailout package. Greek Finance Minister Euclid Tsakalotos had a hard time trying to persuade his Eurozone...

Greek Prime Minister Alexis Tsipras is assessing his political damages after "losing" 17 coalition Ministers and MPs who voted against or abstained in the crucial parliament vote on the Greek proposals to international creditors. It was no surprise that prominent extreme...

A new mobile app was released on Thursday, informing Greeks which ATMs are convenient to them, if they have available cash at the moment and if they dispense 50 or the now scarce 20 euro bills. Dimitris Chatzieleftheriou, who developed the...

With Greece’s doomsday clock ticking closer and closer to midnight, even the reports that Germany’s acerbic Finance Minister Wolfgang Schaeuble has conceded Greek debt must be restructured cannot eclipse how the brave OXI so quickly dissolved into an anemic NAI....