Greek News

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,...

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...