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Greek News

SYRIZA Left Platform Proposes Grexit- Tsipras Urges MP's to Support Proposals

The SYRIZA-ANEL government could soon become another administration in Greece's history that endorses a bailout deal. Greek Prime Minister Alexis Tsipras has asked for a snap vote in parliament on the proposals set to take place on Friday afternoon. The proposals that the government...

Former Greek FinMin Varoufakis: 'I Will Not Vote Tonight'

Former Greek Finance Minister Yanis Varoufakis announced through his Twitter account that he will not be present at the Greek Parliament tonight, July 10, during the vote for the Greek proposal which is expected to be submitted to the...

$70K Bronze Statue of Greek God Talos Vandalized in Portland

A man is facing felony charges for vandalizing a prominent bronze sculpture depicting the Greek mythological god Talos in downtown Portland, Oregon, on Thursday morning. Trevor Lee Van was arraigned in court on Wednesday to explain to the authorities the...

Berlin Will Provide the Deciding Vote for Greek Proposal

Media in Germany are claiming that the new proposal submitted by the Greek government is similar to the one tabled by the institutions in June. Furthermore, German news agencies noted that Berlin is the regulating factor in achieving an agreement between Greece...

Evaluation of Greek Proposals to Be Completed on Friday Night

The institutions received the Greek government's letter with proposals and prior actions on time, stated a Eurozone official, refusing however to give an estimation on the letter's context. According to the same official, the European Commission, the European Central Bank...

The First 2-Way Bitcoin ATM Installed in Greece

The first 2-way bitcoin ATM in Greece will be inaugurated in downtown Athens on Saturday at The Cube. The Cube coworking space, or the Athens Startup Ecosystem as it is entitled, is a building housing several startups, providing space, computers, internet,...

Dignity: Sometimes Be careful What You Wish For

It was Prime Minister Tsipras' wish that the people of Greece vote in his referendum NO, rejecting what he called a humiliating debt deal Europe and the IMF had offered him and the country. His wish was granted. The vast majority...

Greece to Remain in NATO, Even in Case of Grexit

NATO head Jens Stoltenberg stated that even if Greece is forced to leave the Eurozone it will remain in the military alliance, despite the fact that the debt crisis poses a security threat to Europe. According European and U.S. officials, Greece’s possible...

'To Potami' Leader Theodorakis: Europeans Believe the Greek Proposals Are on the Right Direction

The Greek proposals are currently under the European Commission, ECB and IMF microscope, stated "To Potami" leader Stavros Theodorakis after his meeting with European Commission President Jean-Claude Juncker in Brussels on Friday. He also noted that his first impression is that Europeans...

French President Hollande: Greek Program Is Serious and Credible

The Greek government's new proposals are indicative of the Greece's volition Greece to remain in the Eurozone, said French President Francois Hollande on Friday. Hollande stated "Greeks have shown determination that they want to remain in the Eurozone because the program...

Outstanding Greek State Debt Up 32% in 5 Months, Exceeding €5 Billion

The outstanding Greek state debt went up 32% in the first five months of 2015, exceeding 5 billion euros, according to Greece's Finance Ministry figures released on Thursday. At the end of May, the total state debt to suppliers of goods...

Approval of Greek Program by Eurozone Parliaments May Take Weeks

The Greek proposal has to be voted by Eurozone parliaments and the final approval of Greece's third bailout program may take 4 to 5 weeks, said a Brussels report. If Saturday's Eurogroup approves the Greek proposal, then the program has to...

Greek PM Tsipras: We Got Mandate to Reach a Deal, Not a Grexit

"We got a mandate to bring a better deal, not to pull Greece out of the Eurozone," said Greek Prime Minister Alexis Tsipras to the joint meeting of the SYRIZA Parliamentary Group and Political Secretariat. Tsipras spoke to his cabinet...

Greece's Development Minister Lafazanis May Vote Against Proposal

Panagiotis Lafazanis, the leader of SYRIZA's "Left Platform" and Minister of Productive Reconstruction, Energy and Environment said he may not vote in favor of the proposal Greece sent to creditors when it is tabled in parliament. During the SYRIZA Parliamentary...

This is Greece's Final Bailout Proposal to the Creditors; Full Document of Reforms

The Greek bailout proposal was sent via email to the president of the Eurogroup, Jeroen Dijsselbloem who will forward it to the rest of Greece's creditors. The Greek parliament which also received the draft, has been ordered to prepare an...