Greek News
Economy
Return to Drachma May Not be Catastrophic for Greece
If Greece leaves the euro, that does not necessarily mean that the country will face an inevitable disaster, says a Bloomberg analysis.
The article by Adam Slater, economist at Oxford Economics Ltd, takes the example of more than 70 cases...
Economy
Russia Calls on Greece to Join BRICS Bank
Russian Deputy Finance Minister Sergei Storchak called on Greece to join BRICS bank, an association of five major emerging national economies: Brazil, Russia, India, China and South Africa, during an interview with Greek news agency ANA-MPA. Referring to the...
Economy
Greece’s St. Catherine’s British School Excels in ECB Competition
Athens' St. Catherine’s British Embassy School stood out at the "Generation €uro Students' Awards," a competition open to all secondary school students aged between 16 and 19 who are keen on learning more about economics and monetary policy issues, winning the...
Economy
Greek Gov't Puts Hopes on ECB for Liquidity
The Greek government is putting its hopes for liquidity on the European Central Bank after Monday's Eurogroup statement that there is progress in negotiations between Athens and lenders.
There is reserved optimism at Maximos Mansion that the statement will influence...
Culture
Moscow Hellenic Culture Center Event on Genocide
The Moscow-based Hellenic Culture Center is sending the message that Greeks in the city do not forget, they remain united and creative, repeatedly saying “no” to genocide and the annihilation of nations, through an event scheduled to take place in...
Economy
Local Governments Have Transferred 600.3 mln Euros to BoG, Gov't Spokesman Says
Local government and other public entities' cash reserves transferred to Bank of Greece as a result of a recent legislative act come to 600.3 million euros, Greek government spokesman Gavriil Sakellaridis said on Tuesday.
The information has been published following...
Economy
Main Opposition Says Eurogroup Meeting Showed it is Actually Discussing Review of 2nd Bailout
Main opposition New Democracy on Monday said the government has lied and that what is being discussed with Greece’s lenders is indeed the review of the country’s second bailout program and not a “bridge agreement.”
Commenting on the outcome of...
Economy
EC: Greece Must Reach Deal Before Cash Runs Out
Greece must rush to complete the fifth review in order to conclude negotiations and reach an agreement before it runs out of cash. That was the message sent to Athens after Monday's Eurogroup.
Eurogroup President Jeroen Dijsellbloem said, "There is...
Economy
Varoufakis: Greece Will Have Serious Liquidity Problem in a 'Couple of Weeks'
Greek Finance Minister Yanis Varoufakis admitted that Greece may have a serious liquidity problem after two weeks. The statement was made after Monday's Eurogroup meeting in Brussels.
Varoufakis said, "The liquidity issue is a terribly urgent issue. It's common knowledge,...
Europe
Germans Collecting Signatures to Return War Reparations in Greece
Hundreds of Germans have signed a petition through the organization change.org, urging German Chancellor Angela Merkel to return the Second World War reparations to Greece. The petition was organized at the initiative of Peira, a Berlin-based political association.
The association...
Greece
23-year-old Throws €4,000 Cash in Letheos River
Police have launched an investigation after 50, 100, and 500 euro banknotes were mysteriously found floating down Letheos river at the city of Trikala in Greece, Monday 11.
According to trikalanews.gr, the notes were seen floating in the water by...
Economy
250,000 Unsold Properties in Greece's Crisis-hit Real Estate Market
For decades the Greek banks and the real estate market were operating as communicating vessels, with the former granting long-term mortgage loans to satisfy the increasing demand for real estate properties. With Greece being through the sixth year of economic crisis, the...
Archaeology
Greek Academic: Amphipolis Was a Ploy to Distract Greeks from Harsh Measures
"The Amphipolis tomb excavation was a badly staged play to distract Greek people from the harsh austerity measures the previous government was implementing," noted the general secretary of the Athens Archaeological Institute Vasilios Petratos.
Petratos, also an academic, said that the...
Greece
4 Best Beaches to Escape Athens
While the temperature rises in Athens during the summer, a rejuvenating dip in the sea after work is exactly what you need in order to cool down. So, slip on your colorful swimsuit, put on your large sunglasses and...
Economy
Varoufakis: We Aim to Bridge the Previous Program with the one of SYRIZA
During the past few months the Greek government was striving, negotiating and working day and night to find a redeeming agreement, Greek Finance Minister Yanis Varoufakis told reporters after a Eurogroup meeting in Brussels on Monday.
The minister noted that...