Greek News

The new Greek government is preparing an overhaul of the tax system, starting with a Large Property Tax (LPT) that will include real estate, bank deposits, luxury goods, works of art, with a tax-free threshold of 300,000 euros, and...

Bloomberg predicts that Greece is facing the risk of running out of money with the next 20 days, according to an article entitled “Greece May Run Out of Cash as Early as March,” published on February 4. “As Greece’s creditors line...

The Athens Stock Exchange opened in free fall today, with -10% losses, following an announcement by the European Central Bank saying it lifted its waiver on credit requirements for assets posted as collateral by Greek financial institutions. At 10.41am...

The European Central Bank (ECB) is suspending the eligibility of Greek government bonds as collateral for its liquidity operations, starting from February 11th. In a press release on Wednesday night, the ECB, which was having a governing council meeting earlier...

American stocks gave up late gains on Wednesday after the European Central Bank (ECB) decided to pressure Athens by lifting its waiver on the use of Greek bonds as collateral. The Dow Jones Industrial Average finished up just 6.62 points...

Greek Finance Minister Yianis Voaroufakis has turned into a symbol of hope for many austerity-stricken Greeks and other Europeans that have seen their quality of life degrading as a result of EU's austerity-driven policies. Greek Prime Minister Alexis Tsipras was...

As the January transfer period came to an end, we had a number of Greek footballers who decided to pick a new foreign club to continue their career. Avraam Papadopoulos, Giannis Fetfatzidis, Tasos Donis, Panayotis Vlachodimos and Apostolos Vellios join...

European Parliament President Martin Schulz warned the Greek government it must retain its commitments towards the country's international creditors and European partners, as in a different case Greece will face the risk of national bankruptcy. According to Reuters, during an interview with...

The European Central Bank (ECB) gave the green light for Emergency Liquidity Assistance (ELA) to Greek banks. Three major Greek banks will get the ELA; Alpha Bank, EFG Eurobank and Piraeus Bank will have the support of the financial mechanism for...

Greek government sources estimated on Wednesday that the tough positions that were allegedly expressed by the German Finance Ministry in a leaked document made public by Reuters "prove that the German government has officially entered the negotiations." The German government has...

United Nations High Commissioner for Refugees (UNHCR) appeared pleased with the Cypriot government's enormous efforts in providing assistance to over 330 Syrian and Palestinian refugees who have abandoned their war-torn homelands. As UNHCR underlined, Cyprus has done its best...

Bulgarian civil protection authorities have sent a warning to Greece and Turkey regarding the dangerously rising levels of rivers Maritsa, Tundzha and Ardas, in the country's south east. The urgent note issued earlier today informed the neighboring countries of a...

Greek Prime Minister Alexis Tsipras' statements during a joint press conference with the President of the Republic of Cyprus, Nicos Anastasiades, during his first official visit abroad, in Nicosia, caused Ankara's fierce reaction. "Tsipras' statements during his visit to the...

A judicial panel in Greece has ruled on Wednesday that the leader and MPs of the extreme right Golden Dawn party will stand trial on criminal charges of participating in a criminal organization. The Athens Council of Appeals decided, with votes...

A German document leaked earlier today by Reuters, reveals that Berlin wants Athens' new leftist government to ditch its pre-election anti-austerity promises and remain within the framework of economic policies its predecessors have agreed with the country's international creditors if...