Greek News

By Panicos O. Demetriades, University of Leicester As Greece moves from one repayment deadline to another, you can be forgiven for thinking that the country’s main daily challenge is finding the money to pay its public sector workers and meet its...

U.S. Treasury Secretary Jack Lew, appeared optimistic that Greece and its creditors will reach an agreement soon, during an open discussion in Dresden for LSE.U.S. Treasury Secretary Jack Lew, appeared optimistic that Greece and its creditors will reach an...

Greek-British Costas Takkas is one of the FIFA officials who were arrested on Wednesday in Switzerland on charges of corruption. Takkas is a former general secretary of the Cayman Islands football association and has worked as an advisor to CONCACAF...

German Finance Minister Wolfgang Schaeuble said he was surprised by Greek officials' statements that Greece and its creditors are close to an agreement" contradicting Greek Prime Minister Alexis Tsipras who said earlier that he is finally close to an agreement with...

The possibility Greece could miss a payment to its creditors added pressure to international stock markets and kept U.S. futures from making any major gains. Both S&P 500 futures rose 0.1 per cent and Dow futures also edged up 0.1...

The European Central Bank (ECB) board of directors decided on Wednesday to maintain the limit through the emergency liquidity assistance (ELA) scheme to 80.2 billion euros. In the past few weeks, the ECB kept providing liquidity to Greek banks through ELA. Last week,...

Greek Prime Minister Alexis Tsipras told media on Wednesday afternoon that Greece is finally close to an agreement with its international creditors in order to receive the emergency cash the country needs to avoid a potential default. "We took many steps. We are...

"The discussion is still open on the collective negotiations and the minimum wage. This does not mean that the Greek government will not proceed with the implementation of this particular commitment in any case," stated Greek Labor Minister...

German Finance Minister Wolfgang Schaeuble and Bundesbank President Jens Weidmann host their G7 counterparts - Britain, France, Germany, USA, Japan, Italy, Canada - in Dresden on May 27-29. Among the main topics to be discussed will be Greece, although no decisions...

European Commission President Jean-Claude Juncker's statement for a 1.8-billion-euro VAT deviation between Greece and its partners is an effort from the creditors' side to impose further austerity on Greece, Finance Minister Yanis Varoufakis said on Wednesday. Varoufakis said that...

Greek-American Eleni Fotidou owns "Zorba" restaurant in Virginia Beach. A few days ago, while working at her restaurant, she came across a man looking for something to eat around the dumpster. She felt heartbroken. As a proud Greek, Fotidou made...

SYRIZA radicals reacted to a comment made by European Commission President Jean-Claude Juncker, who said he believes that SYRIZA is not a "normal party." Juncker said that he trusts Greek Prime Minister Alexis Tsipras because he is becoming "increasingly responsible" but...

According to recent data released by the Consulate General of Turkey in Thessaloniki, Greece, approximately twenty Turkish wedding ceremonies took place in the region in 2014. Local officials claim that the number of wedding ceremonies is expected to rise in 2015, taking into...

The Greek government appears optimistic over the agreement with creditors as it is ready to present a list of reforms that will include concessions on thorny issues. Despite the fact that several reports quote European officials saying that a deal with...

U.S. Ambassador to Cyprus John M. Koenig said that he personally does not regard the Cyprus problem as essentially a matter of invasion and occupation, noting that it is up to the Cypriots to reclaim the Cyprus Dream. Koenig was speaking at an...