Greek News

German Finance Minister Wolfgang Schaeuble is dismissing the most recent Greek proposals for more bailout money. Schaeuble said today that Greece's proposed conditions “are only increasing taxes, only increasing contributions. Schaeuble implied time is short: “The 30th of June is the...

Greek Prime Minister Alexis Tsipras had a 30-minute meeting with German Chancellor Angela Merkel and French President Francois Hollande on Friday morning in which he expressed his frustration over the insistence of lenders on such harsh measures for Greece. Tsipras...

The Greek proposal that was tabled on Thursday's meeting of Eurozone finance ministers is published on the website of Kathimerini daily, showing the concessions Athens has made to secure an agreement with lenders. Two texts were presented at Thursday's Eurogroup:...

European Union leaders debated into the wee hours Friday at a summit in Brussels about how best to share in the handling of the continent's migrant crisis. EU members Italy and Greece are currently bearing the brunt of the responsibility...

Saturday's Eurogroup marks Greece's deadline to come to an agreement with creditors over the debt issue, said German Chancellor Angela Merkel and French President Francois Hollande. After that, Greece most likely will default on its payment to the International Monetary Fund...

Cyprus is one of the EU countries with the highest production of solid waste per citizen. It was announced at an event in Nicosia on “The contribution of immigrants from EU countries in the achievement of a viable waste management in Cyprus:...

Greek opposition "To Potami" leader Stavros Theodorakis adopted a critical position on Thursday to a proposal for a "national unity" government put forward by main opposition New Democracy leader Antonis Samaras. "A vindictive spirit has no place in political life, especially...

Greek Prime Minister Alexis Tsipras had an intense dialog with European Council President Donald Tusk during the Euro Summit in Brussels on Thursday, government sources said. "Unfortunately, the institutions' proposals reflect the most extreme positions expressed by the IMF. The...

Greek main opposition New Democracy accused Parliament President Zoe Konstantopoulou of pursuing “personal objectives” after a parliamentary panel decided to summon Greece’s central banker Yiannis Stournaras on Friday. “New Democracy will not contribute to the tension pursued by the Parliament...

Hellenic Petroleum will submit an offer in a tender for hydrocarbon exploration rights in field 1 of northwestern Ionian Sea, which has raised doubts from Albanian authorities. Addressing a general shareholders' meeting, Hellenic Petroleum CEO Grigoris Stergioulis said the company has discussed the...

Greek Finance Minister Yanis Varoufakis said on Thursday that two documents have been submitted to the Eurogroup, one by Greece and another by creditors, adding that talks will continue until there is a solution. "Two documents at the Eurogroup. Interestingly,...

The International Monetary Fund (IMF) expects Greece to make a 1.5-billion-euro debt repayment on June 30 as scheduled, IMF spokesman Gerry Rice said during the regular press briefing on Thursday. He dismissed talk of default as "speculation" and said that...

Despite the fact that the financial crisis has led to a significant reduction in abortions within the country’s borders, Greece still remains in the first ranks among European countries, with 80,000 abortions per year (the same amount as births)....

The Greek budget showed a primary surplus of 1.506 billion euros in the January-May period this year, from a surplus of 707 million euros in the corresponding period in 2014 and a budget target for a primary surplus of...

The Greek Heritage Month of Vancouver will come to an end on Sunday, June 28, with the celebration of Greek Day, an award-winning family-friendly event that has been attraction more than 100,000 people every year since 1974. Greek Day 2015 will...