Greek News

European Union Economics Commissioner Pierre Moscovici said it is up to Greece to find new ways to solve the country's debt crisis and that a deal is possible by Sunday. Eurozone member countries have given Greece until the end of...

Greek Prime Minister Alexis Tsipras spoke to the European Parliament presenting the country's position on the debt issue and spoke of the five years of austerity Greece went through. "I am here today after the referendum and Greek people's mandate...

The Greek finance ministry team is racing with time to come up with a comprehensive proposal in order to reach an agreement with creditors by Friday. The Greek proposal will be discussed on Saturday's Eurogroup. On Sunday, there will be...

One of the best places to understand the Greek crisis and what is going on in Greece at the moment is in the queues forming at the ATMs of closed banks.

  This year's 4th of July  holiday coincided with Greece’s referendum.  As an American by birth and Greek by blood, I honor America’s victory over taxation without representation and Greece's OXI victory - the first decisive challenge to neoliberal economics since European integration. The United States...

After more than three hours of talks, Tuesday's Euro Summit decided that there will be another European Union summit this upcoming Sunday to discuss the Greek government's new bailout proposals expected in writing by July 9. Earlier at the Eurogroup,  the nineteen Eurozone finance ministers...

The leaders of the European Union met today in Brussels to begin talks on Greece and a new Greek bailout agreement after the July 5 referendum. Below is their full statement after tonight's Euro Summit: 1. We met tonight to discuss...

While Greece is in an ever lasting financial -and political- crisis, which according to European Parliament President Martin Schulz and German Vice Chancellor Sigmar Gabriel could require humanitarian aid, the Greek island of Lesvos is facing a humanitarian crisis of its own. A...

At least 17 people of unknown nationality are still missing after a sailboat carrying dozens of migrants sank in the Aegean Sea between the Greek islands of Agathonisi and Farmakonisi on Tuesday afternoon. According to the Greece's Maritime Ministry, the Greek Coast Guard along...

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...