Greek News

Markets suffered across Asia on Monday as Greece shut down its banks for a week and implemented capital controls. Only in the first hour of Monday, more than $35bn was wiped off the Australian stock market. With many international media reporting that Greece...

Dimitris Dimitrakopoulos, Ioanna Faka and Andrianna Balatsouka are three of the Greek students who aced the Panhellenic exams, scoring higher than 19,000 points. The three students spoke with protothema.gr stating that “our generation needs and has to do something...

Greece's Finance Minister Yanis Varoufakis chronicles the dramatic events that took place during the last Eurogroup meeting, right before his counterparts decided to meet again - but without him. Since twitter and facebook have been abuzz with speculation about Greece's...

By Panicos O. Demetriades, University of Leicester As ECB froze the level of emergency liquidity assistance (ELA) it is providing to Greek banks, the nightmare scenario for Greece is already beginning to unfold. Capital controls are on the way, with all the...

Greek Prime Minister Alexis Tsipras made a dramatic call to Europe to increase its Emergency Liquidity Assistance (ELA) to Greek Banks, in order for Greece not to turn to chaos. The European Central Bank (ECB) did not kept the financial...

The US Embassy in Athens issued the following statement after the implementation of capital controls in Greece. The State Department alerts U.S. citizens residing in or traveling to Greece of the possibility of disruptions to banking services – including...

The European Commission offered a statement on the final hours before the negotiations with Greece and its creditors broke up. According to the statement a "comprehensive deal could be formally finalized and presented to the Eurogroup due to the...

As Athens’ standoff with the European Commission, the International Monetary Fund, and the European Central Bank is taken to a dangerous new level, German Chancellor Angela Merkel has reportedly invited leaders of Germany's major parties to a meeting in Berlin on...

International Monetary Fund Managing Director Christine Lagarde said in an interview with BBC on Sunday that her institution will not step forward to provide additional financial assistance to Greece, if the Greek government miss its €1.5 billion ($1.7 billion) payment on...

According to Nobel Prize-winning economist Paul Krugman, Greece seems to be doing the best thing it can under the current circumstances. Krugman thinks that Greek Prime Minister Alexis Tsipras is acting wisely because he has decided not to reach a decision single-handedly. In reality,...

In view of the current financial crisis, the German government has issued an unusual advisory regarding Greece. A statement posted on the website of the German Foreign Office on Sunday instructed German citizens planning to travel to Greece on vacation...

Capital controls have being imposed in Greece, as without the ECB's help the financial crisis deepens. Greek Finance Minister Yanis Varoufakis announced that banks will stay closed until July 6, while citizens be allowed to withdraw €60 per day maximum from each...

The European Commission has published the last set of proposals agreed by the Troika of creditors and offered to Greece late last week saying that it could have led to a comprehensive agreement before the Greek government walked away...

President Barack Obama and Chancellor Angela Merkel discussed the situation in Greece, over a call the White House said. The US President asked the German Chancellor to keep Greece in the eurozone, something that he has repeated again in the...

The Governing Council of the European Central Bank made a decision Sunday to freeze the level of emergency liquidity assistance to Greek banks. The emergency liquidity assistance (ELA) currently stands at just under 90 billion euros ($100 billion), the Associated...