Greek News

The Greek banking system and deposits are fully secured, Bank of Greece (BoG) governor Yannis Stournaras on Friday said after a meeting with Prime Minister Alexis Tsipras. Stournaras added that the prime minister and the economic staff assured him they...

Two conservative German lawmakers proposed a 500 euro incentive to German holidaymakers to visit Greece on the condition that they should bring back equal hotel and restaurant receipts. Axel Fischer and Ruediger Kruse, members of the Christian Democratic Union have...

Greek Prime Minister Alexis Tsipras on Thursday met with opposition Potami leader Stavros Theodorakis who told reporters afterward that he briefed the prime minister on his visit to Brussels, Berlin and Rome. In the meeting, that lasted for more than...

Greece is facing a serious liquidity problem since the European Central Bank refuses to include the country in the quantitative easing program or buy more treasury bills. Now Athens is looking at Mondays' Eurogroup for a breath of air. Greek...

Later this spring, BBC Four British television channel plans to broadcast the magnificent Greek masterpiece of  Sophocles' "Antigone," opened at London’s Barbican Theatre on March 5. The play, which is already sold out, features the BAFTA and Academy Award-winning actress Juliette Binoche taking the lead...

By Anastasios Papapostolou We asked four prominent Greek-Americans of the financial industry to talk to us about Greece, its economy, and how it affects the world markets. "There is no way that Greece can repay its debt," stated Michael Psaros, the...

Greece's top administrative court blocked the sale process of a luxury Athens seaside resort to an Arab-Turkish fund. According to the State Council judges' decision, the sale of the prime Astir Palace hotel complex and the development of the seaside...

European Commission President Jean-Claude Juncker said today that Athens should stop worrying about a "diabolical plan" cooked up by Spain and Portugal to topple the country's new leftist-led government. The statement came just a few hours after Greek Prime Minister...

Unity should prevail. This was the message former Greek Prime Minister and main opposition New Democracy leader Antonis Samaras highlighted while addressing the party's MPs behind closed doors earlier today. As he further stressed, he is in not "glued"...

The operation to evacuate and shut down the Amygdaleza migrant detention center in Greece continues with very little success. The vulnerable groups that should have been removed first are still in while the migrants who have been released are finding shelter...

Two extreme right Golden Dawn party supporters were found guilty of bodily harm today by a court in Serres, northern Greece. The two xenophobic party supporters were tried for an attack against a leftist ANTARSYA supporter they carried out...

The German Finance Ministry has admitted that the austerity policy imposed on Greece is responsible for the economic crisis and the bankruptcy threat, according to a Rheinische Post report. The report is the result of a question posed by German...

The European Central Bank (ECB) greenlit funding for Greek banks amounting to 68.8 billion euros via the Emergency Liquidity Assistance (ELA) support mechanism. ECB's 25-member board of directors, which held a meeting in Nicosia, Cyprus, decided to increase Greece's funding...

As negotiations over the Greek debt continue for over six months, the impasse threatens to drag Greece back into recession, or even lead it to bankruptcy, according to a Bloomberg report. Greece needs 6.5 billion euros by the end of...

Clay figurines and other important findings were unearthed by archaeologists in the Tsakiridis section in the center of the ancient Greek city Aegae in Vergina, northern Greece. The artifacts were presented as part of the Archaeological Conference on the...