Greek News

Shipping magnate and Olympiakos FC president Vangelis Marinakis spent seven hours making his plea before the special corruption investigator, Giorgos Andreadis, regarding the organization of an alleged criminal football organization that was controlling the domestic games Olympiakos’ vice president Savvas...

A rally was in full swing on main Syntagma square in Athens on Wednesday evening where thousands of Greeks gathered to support the government in its ongoing negotiations with the country’s lenders. With the main slogan being “We take negotiations...

As the Greek government is not willing to make more concessions in negotiations and asks for a political solution, the European Commission and the European Central Bank are preparing a new plan to present to Greece. According to a report...

"Germany's efforts aim at keeping Greece in the Eurozone, so that the people in Greece have the prospect of a better future," as in Ireland, Cyprus and other countries, German Chancellor Angela Merkel said in Parliament ahead of the...

The “cold war atmosphere” that prevails in the European front, particularly between the Greek government and its creditors is described in a bleak manner in Greek and foreign media. Greece was once again on the front page of various...

German taxpayers are not paying for Greek pensions and the creditors' insistence on pension cuts is inexplicable, Greek Prime Minister Alexis Tsipras told a German newspaper. "The insistence on exchange of arguments during negotiations is legitimate as long as there...

Over 50 organizations will hold a demonstration on Sunday, June 21, in Brussels, Belgium, to express their support to poverty-stricken Greece that is teetering on the edge of the Eurozone and protest against harsh austerity, in the framework of European...

"Greece has not asked Russia's Finance Ministry for financial assistance," Russian Deputy Finance Minister Sergei Storchak told Reuters on Thursday referring to Greek Prime Minister Alexis Tsipras' visit to St. Petersburg. "Greece's Prime Minister is visiting Russia to discuss joint projects,...

Greek Prime Minister Alexis Tsipras allegedly said that his wife and mother of his two children, Betty Baziana, will leave him if he signs a deal that includes austerity measures, according to The Times. The report said that Tsipras...

The tower that consisted the fictional setting of Shakespeare’s play "Othello," originally built by Lusignan conquerors in the 14th century in the medieval city of Famagusta in Cyprus, will be available to the public next month after undergoing emergency...

The Greek government decided on Wednesday to offer amnesty to citizens who have hidden money and undeclared incomes under the condition that they will pay a one-off tax of 21% to the state. Originally Greece's Finance Ministry had considered two different...

Greek Finance Minister Yanis Varoufakis said on Wednesday he discussed an “ambitious reform agenda” with OECD Secretary General Angel Gurria, as well as an “agreement at a political level,” while he noted that he does not expect a deal at...

Greece's deficit figures for 2009 and 2010 were deliberately and artificially inflated, and this was at least partly responsible for the imposition of bailouts and austerity programs on the country, a former vice president of the Hellenic Statistical Authority (ELSTAT), Nikos...

The European Central Bank has raised the level of emergency cash available to Greek banks by €1.1bn. The ECB governing council increased the limit on emergency liquidity assistance to €84.1bn from €83bn in a meeting in Frankfurt yesterday. “Liquidity will continue...

President of the Republic of Cyprus Nicos Anastasiades and Turkish-Cypriot leader Mustafa Akinci have given further guidance to the two negotiators in the Cyprus talks, as they are set to enter into a substantive negotiation in June 29. In statements to...