Greek News

Constantinos Daskalakis is one of the smartest people on Earth, one of the most bright and analytical minds, the Einstein of our time. At the age of 27 years he was appointed Associate Professor at MIT, while today, only...

Euro area systemic stress has remained low over the past six months, but the risk for a Greek default has increased sharply, according to the latest Financial Stability Review of the European Central Bank (ECB), which was released today. Greek...

"The current situation is far beyond the capabilities of the Asylum Service," Maria Stavropoulou, head of the Service said in an interview to Athens-Macedonian News Agency. She referred to staff shortages that have led the Regional Asylum Office in Attica to...

European Commissioner for Migration, Home Affairs and Citizenship Dimitris Avramopoulos on Thursday had a meeting with United Nations Secretary General Ban Ki Moon, presenting the European Commission's proposal for the relocation of refugees from third countries within the EU. Avramopoulos...

"Almost 1,200 migrants - some crammed onto overcrowded inflatable dinghies - have been picked up by Greek authorities in the eastern Aegean Sea in the past two days," correspondents for the British newspaper Daily Mail Jenny Stanton and Mario Ledwith mentioned in their...

Despite the fact that the Greek government makes optimistic announcements about an upcoming deal with creditors, European Union officials in Brussels say there are still many differences on the negotiation table. According to Brussels sources, there is even talk that...

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...