Greek News

"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...

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...

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...

The International Monetary Fund (IMF) foresees challenging times ahead for Greece. In the World Economic Outlook Update released on Thursday, the Fund holds optimistic expectations for the Eurozone, but not for Greece. "The economic recovery in the euro area seems broadly on track, with a generally...

Greek Prime Minister Alexis Tsipras and his government have sent the final proposals to Greece's creditors in what it looks like the last chance for the debt-ridden country to receive a bailout agreement and avoid a financial collapse and...

Greece has now almost completed every official step it needs to reach an agreement with its international creditors. The SYRIZA-ANEL coalition government agreed on Thursday evening on the final proposals it will send to creditors for the ESM bailout program. Defense Minister and Independent...

The exhibition entitled "Rhodes: A Greek island at the gates of the East" will be inaugurated on Friday, July 10, at the Archaeological Museum of Rhodes and will run until November 15, displaying unique artifacts of great archaeological interest. Rhodes...

German Finance Minister Wolfgang Schaeuble endorsed a fundamental claim and at the same time dismissed a primary goal of the Greek government, during a Bundesbank conference in Frankfurt on Thursday. Schaeuble accepted that the International Monetary Fund (IMF) is probably right in...

During the yearly meeting of the Classical Association of Canada, a team of researchers claimed that the attic of the millennia-old Greek temple of Parthenon might have been the ideal place for Athenians to hide their vast cash reserves around 434 BC. After all, nobody would...

Greeks are living in fear of the banks collapsing, which would lead to severe haircuts on their deposits. However, they are fuelling this panic and make expensive purchases using their debit cards since the daily withdrawal limit is 60 euros. From expensive...

Unemployment in Greece dropped to 25.6% in April 2015, a slight improvement compared to the 25.8% rate in March. The number of unemployed Greek citizens amounted to 1,216,870, mainly young people (53.2%) and in the most productive age group...

"Greece seeks to reach an agreement with the institutions immediately, but we want an agreement that will respect the country and the people's dignity, and that will open windows for a way out of the crisis. We do not want...

Former Greek Finance Minister Yanis Varoufakis admitted that Germany appears to have a plan to force Greece outside the Eurozone, even though while he was in office he insisted that Grexit scenarios were a bluff to push the Greek...

Speaking on Thursday while in Sarajevo, Bosnia and Herzegovina, which she visited as part of the two-day tour to Albania, Bosnia and Serbia, German Chancellor Angela Merkel rejected the possibility of a Greek debt hair cut. "I have said that a classic debt...

While Greece is expected to submit its detailed proposals for a new bailout deal today, two European Central Bank officials are being cautious about the prospect of an agreement. Prior to the European Central Bank Governing Council decision on Wednesday to...