Greek News
Economy
Eurogroup Meeting Suspended Without Reaching Agreement
While European leaders are preparing for the summit, the European finance ministers Eurogroup started its second meeting in less than 24 hours. Both sides presented their reform proposals, however they were not able to reach an agreement and resolve...
Economy
Italian PM Renzi: 'EU Countries Pressured to Force Grexit'
There are countries within the Eurozone pushing for Greece’s exit from the monetary union, warned Italian Prime Minister Matteo Renzi, admitting that Greece's partners want the Grexit to happen.
Greek people and the Greek government need to know that there...
Economy
Eurogroup Chief: Greece Has Not Agreed With the Institutions' Proposal
The Greek side has not agreed with the text the institutions have submitted to the Eurogroup, said Eurogroup chief Jeroen Dijsselbloem.
"We will present to the ministers the documents that the institutions have jointly drafted. We do not have the...
Greece
Greek FM Kotzias Agrees on Confidence-Building Measures with FYROM's Counterpart
The Foreign Ministers of Greece and FYROM, Nikos Kotzias and Nikola Poposki respectively, agreed on Wednesday on 11 confidence-building measures in the sectors of education, culture, trade, transport, energy, domestic security and justice, but also ways to restore political...
Economy
Europe Shows its Ugly Face to Tsipras and, Consequently, Greece
Back in the good old days -- just a few weeks ago -- every time the Greek Prime Minister went to Brussels or to a European Union meeting, European Commission President Jean-Claude Juncker would hug him, kiss him, even...
Greece
Greek Doctors Suspended for Bribery and Extortion Back to Work
Doctors who had been suspended for bribery or extorting money from patients are back in the National Health System under the new law according to which all public sector employees who were suspended by the previous government, will be...
Economy
Russia to Extend Embargo on Western Food Imports, Including Greek Products
Moscow is to prolong its embargo on Western food imports in response to the extension of sanctions imposed on Russia by the European Union. The embargo includes Greek agricultural products.
Russia's embargo on products from European Union countries, U.S.A., Australia...
Economy
ECB Assesses Greek banks' Liquidity Condition on a Daily Basis
A European Central Bank board teleconference meeting on Thursday reassessed liquidity conditions in Greek banks.
Bank sources told ANA-MPA that the Bank of Greece "took as much ELA it requested." However, there is no official information over if and how much...
Greece
ND Leader Samaras: If Greek Gov't Loses MP Support on Deal, a Transitional Gov't Is Needed
If the Greek government majority does not support the potential agreement between Greece and its creditors whenever it comes to parliament, then a different government formation should be formed, main opposition leader Antonis Samaras told Crash magazine in an...
Environment
Greece's First Completely 'Green' Island
Tilos is a small Greek island that was known for its herbs and myrrh during ancient times, while today the island is famous for its fragrant honey, rocky beauty and a small plain that pops like a green firework.
The island will become...
Economy
No White Smoke for Greece in Talks with Creditors, New Proposals to Table at Eurogroup
Greek Prime Minister Alexis Tsipras completed yet another fruitless meeting with the chiefs of the troika of lenders under tremendous pressure to seal an agreement before facing other European Union leaders at a summit later on Thursday in Brussels.
There...
Business
Which Tourists Are Most Disappointed By Their Vacation in Greece?
Swedish tourists appear to complain more than any other after their visit to Greece, while most of them stated they were unhappy with Greek restaurants and hotels. The information was made public at an event to mark the 10th year...
Greece
Pharmaceutical Firms Artificially Manipulate Drug Availability, Greek Institute Claims
Big multinational pharmaceutical companies are engineering artificial drug shortages in Greece by arbitrarily adopting "ceilings" for drugs sold per pharmacy and demanding personal data on customers and patients, the Pharmaceutical Development Institute of Greece (FANIE) asserted on Wednesday.
FANIE claimed...
Economy
Creditors Give Greece Ultimatum and Deadline, All Outcomes Possible
Greece is facing an ultimatum by creditors and Prime Minister Alexis Tsipras is racing with time as a Eurogroup session is scheduled at 2:00 pm and the two negotiating teams must have reached a staff level agreement by then.
Wednesday...
Economy
Could Greece’s Debt and Bailout Plan Be Illegal?
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By Belén Olmos Giupponi*, University of Stirling
As Greece and its international creditors race to agree on a bailout deal, the issue of the legality of Greek debt has been raised. The Greek parliament’s Truth Commission on Public Debt has released...