Greek News

Greek tour operators received a letter from British Airways and Spanish Iberia airlines notifying them that from now on they expect tickets to be booked with credit cards only through the special GDS system. A few days ago, Turkish Airlines also issued an...

The extension of the bank holiday until Wednesday, July 8, which was decided on Monday, is likely to carry on for the rest of the week. In an interview to Greek radio on Tuesday, Alternate Administrative Reform Minister Giorgos Katrougalos warned that banks are unlikely to open...

Greek Prime Minister Alexis Tsipras and U.S. President Barack Obama had a phone conversation prior to Tuesday evening's Euro Summit. Tsipras laid out the proposals the Greek side presented in the Eurogroup earlier today. Obama expressed the United States' hope for a...

Upon their arrival for a meeting with Greek Prime Minister Alexis Tsipras in Brussels, prior to the scheduled Euro Summit, European Commission President Jean-Claude Juncker, French President Francois Hollande and German Chancellor Angela Merkel commented on the potential for...

Eurogroup President Jeroen Dijsselbloem said that he expects Greece's new proposal on its debt the latest by tomorrow because the time frame for Greece is increasingly short. "We believed that there will be proposals, we must have new proposals sent...

The imposition of capital controls delivered the last blow to the public construction projects, leading to many cancellations, even in sites that operated normally until yesterday. The main reason behind the cancellations is that there is no way for...

Greeks have already suffered through seven days of capital controls, imposed after the government's decision to call a referendum. The controls prohibit citizens from withdrawing more than 60 euros per day and making any transactions with foreign companies and...

Two large Greek companies have decided to pay their employees in cash now that banks are closed and capital controls are imposed. The Sklavenitis super market chain was the first to take the initiative. A company announcement stated that the...

A 29 year-old Greek animal researcher was tragically killed in a national park in Zambia, after she was trampled by an angry elephant, Zambian Central Province police commissioner Lombe Kamukohsi confirmed. The incident occurred on July 2, while Dr. Margarita Metallinou was...

The Greek issue may be discussed informally at the meeting of finance ministers and central banks of the BRICS countries, according to TASS. The Russian news agency report cites a Russian official who is a member of the Russian delegation:...

Luxembourg Finance Minister Pierre Gramegna noted that the Eurozone governments may consider writing off part of Greece’s debt, but then the country would have to commit to a new reform package. “A haircut is not taboo for Luxembourg in the...

United States Treasury Secretary Jack Lew told Greece’s Prime Minister Alexis Tsipras and newly appointed Finance Minister Euclid Tsakalotos, that Washington "looked forward" to a swift resolution to the Greek debt crisis that affects Europe. Lew said he hoped a...

Japan's Economics Minister Akira Amari said Greece and the European Union should work hard to strike a win-win deal that would keep Greece in the eurozone, according to Reuters news agency. "Greece and the EU should also take steps to...

European Commission President Jean-Claude Juncker said that there will not be a solution to the Greek debt problem in Tuesday's summit of Eurozone leaders and said he will ask Prime Minister Alexis Tsipras what the 'No' in Greece's bailout...

Global rating agency Standard & Poor's believes there is a greater than 50/50 chance of Greece leaving the euro or a "Grexit." While there is a "whiff of optimism" that a deal will be struck between Greece and its creditors,...