Greek News

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,...

Russian President Vladimir Putin has contacted the head of the International Monetary Fund (IMF) Christine Lagarde on the telephone in order to discuss the outcome of the referendum in Greece , the Kremlin announced on Monday. "There was a discussion...

A bridge program that will cover Greece's financial needs for July has been discussed by European Commission President Jean-Claude Juncker and the president of the socialists in the European Parliament, Gianni Pittella. The bridge deal will precede the third bailout program...

As crisis deepens in Greece with banks being closed for a second consecutive week, the US seems to get more involved in EU politics. White House spokesman Josh Earnest said yesterday that it is in "the collective interests" of Europe...

The Greek Finance Ministry had a change in leadership on Monday after Yanis Varoufakis resigned from his post and Euclid Tsakalotos was officially inaugurated as the new Finance Minister. The two men held a joint press conference in which Varoufakis made...

With international reaction to Sunday's "No" vote in the Greek referendum varying, Prime Minister Alexis Tsipras received unambiguous congratulatory messages from Cuba's authority siblings, Fidel and Raul Castro. Fidel Castro, Cuba's leader from 1959 and 2008, congratulated Tsipras and Greece for their "brave" victory in...

The European Central Bank (ECB) kept Emergency Liquidity Assistance (ELA) steady for Greek banks but adjusted the haircut on the collateral the lenders offer as security, the ECB said on Monday. Statement from the ECB: The Governing Council of the European Central Bank...

German Chancellor Angela Merkel and French President Francois Hollande held a joint press conference where they addressed the result of the Greek referendum, following their meeting in Paris on Monday. The two leaders said they respect the Greek people's vote and noted...

Greek banks will be closed until Wednesday, July 8, after a meeting among Greece's banks and the Greek Finance Ministry led to the decision to extend the capital controls that have been imposed since June 28. The decision comes before Monday's European Central...

The news about Greek economy's vital sector, tourism, are extremely encouraging, according to several European travel associations. The German Travel Association (DRV) revealed on Monday that despite Greece's current financial uncertainty, German tourists continue to vote for the Greek earthily paradise for their summer holidays this...

The International Monetary Fund (IMF) is watching developments in Greece and is prepared to assist Athens, after voters shot down the bailout terms in a referendum on Sunday, IMF Managing Director Christine Lagarde said on Monday. "The IMF has taken note...

Greece’s political party leaders summit concluded after almost 7 hours of talks with an agreement for a common political front to find a solution and reach a deal with international creditors, following the “No” vote result in Sunday’s referendum. Under...

Greece's Alternate Minister of Infrastructure, Transport and Networks Christos Spritzis announced on Monday that the Greek government has decided to make public transportation in the Attica region free to all commuters for one more week. The Athens metro, buses, trolley buses, ISAP railway and...

A Greek prosecutor is investigating the possibility of certain TV broadcasters having committed offenses related to the electoral legislation, during the week leading up to the July 5 referendum. The prosecutor received a complaint regarding SKAI, a TV broadcaster in Greece, on the eve of...