Greek News

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...

Greek Prime Minister Alexis Tsipras will attend a meeting with Russian President Vladimir Putin on Friday in Saint Petersburg, Russia, taking part in talks regarding the construction of the “Greek Stream,” an extension of the TurkStream pipeline project that will provide Europe with...

Tension broke between migrants at the port of Mytilene, Greece, on Wednesday morning, June 17, due to the suffocating situation on the island. The incident occurred when two migrant groups started a brawl that caused several injuries, with about 10 people taken...

The debt imposed on Greece and its residents by creditors directly infringes the human rights of Greeks and is "illegal, illegitimate and odious," according to the preliminary report issued on Wednesday by the Audit Committee on Public Debt. The Greek Parliament earlier...

During a parliamentary hearing in Berlin, Finance Minister Wolfgang Schaeuble said that Germany is initiating emergency plans in case Greece fails to reach an agreement with creditors on the release of new bailout funds by June 30, Brendan Greeley revealed on “Bloomberg Surveillance." According to members who...

Almost a year after being elected to the European Parliament, veteran politician of the Greek Left and WWII resistance fighter Manolis Glezos, 92, announced on Wednesday that the time has come for him to finally resign from his duties as an MEP. Glezos' resignation...

Ambassador of Greece Haris Dafaranos and his wife Eva paid an official visit to Australia’s Northern Territory on June 4 and 5 after an invitation from Chief Minister Adam Giles. During their visit to Darwin, the Greek Ambassador met with Northern Territory Administrator...

"Tourism unites the Greeks," Alternate Minister of Tourism Elena Kountoura said on Wednesday in her address to the Hospitality Forum and Awards conference. "The Greek tourism is on good course," she said quoting Bank of Greece's figures according to which...

Bloomberg news agency published an article describing the struggle and the difficult situation that young Greeks are facing at the moment, due to the economic crisis, based on statistics provided by Eurostat. According to the agency, more and more...

"Our proposal meets the institutions' demands for fiscal targets and reforms," Greek Prime Minister Alexis Tsipras said on Wednesday after a meeting with Austrian Chancellor Werner Faymann. He also referred to the gradual abolition of early pensions as of 2016....

House Speaker Zoe Konstantopoulou called the yearly Bank of Greece report on fiscal policy "unacceptable" and accused the bank governor of "uninhibited interventionism" as she returned it. Earlier today (Wednesday) the Bank of Greece 2015-2015 fiscal report was made public. It...

Actual Individual Consumption (AIC) in Greece was relatively high in 2014 reaching 83 percent of European Union average, according to Eurostat figures released on Tuesday. AIC is a measure of material welfare of households. It is expressed in Purchasing Power...

Michalis Psalidopoulos was appointed as Greece's new representative at the International Monetary Fund (IMF), the Finance ministry said on Wednesday. Psalidopoulos is the president of the Center of Planning and Economic Research (KEPE) and Professor of Economics at the Athens...

The document which was submitted officially by the institutions to Greek Prime Minister Alexis Tsipras last Wednesday included a VAT increase in electricity and medicines, a cut in supplementary pensions and an increase in revenues from VAT, the government...