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Greek News

Triple Election Possibility Emerges

According to Greek news, the Greek Prime Minister’s close associates are suggesting that national elections take place in May alongside the regional and European elections. Seeing the coalition crumbling, while Antonis Samaras' poll numbers are not the worst, his colleagues are proposing that...

ELSTAT: Suicide Rate in Greece Goes Up

The number suicides in Greece was 508 in 2012 and 477 in 2011, according to a Hellenic Statistical Authority (ELSTAT) report concerning the causes of death in Greece. Overall deaths were up 5% in Greece, the main causes being...

Olympiakos Tycoon Urged to Run for Piraeus Mayor

A new political is unfolding Monday concerning the candidates for the forthcoming municipal elections in Piraeus. Many eminent citizens of Piraeus, along with local forums, are urging shipping tycoon and chairman of Olympiakos FC, Vangelis Marinakis, to run for mayor, a move that would...

Models Pose on Greek-Cypriot Graves in Occupied Cyprus

On March 30 several photos came to light in Cyprus depicting models posing on Greek-Cypriots graves in the occupied part of the island. According to Cyprus media, the photo shoot took place last August but the photos were released Sunday....

Greek Pharmacists Return To Work

Pharmacists in Attica decided to end their strike over the liberalization of their industry on April 1, despite the approval of the critical reform bill by the Greek Parliament. Greek pharmacists launched an indefinite strike last week over the liberalization...

Stournaras: Greece Won’t Need Third Rescue on Recovery

Greece, where the euro-area debt crisis erupted more than four years ago, won’t require a third international bailout if its economy continues to revive, according to Finance Minister Yannis Stournaras. With euro-zone finance ministers converging on Athens tomorrow, Stournaras said...

Greece in World Top 10 Social Security Contributors

Greece remains among the countries with the highest social security contribution rates, although those numbers are forecast to go south by 3.9 percent by July 2014, according to the Economic Cooperation and Development (OECD), Greek employers’ contributions are expected to drop...

Most Greek Ports Unfit For Cruise Ships

Although cruise ships are vital to Greece’s tourist season, most Greek ports are unfit to berth such vessels, a study has found. Research by the National Technical University of Athens highlights critical deficiencies in Greece’s harborage: 70 of 93 ports have inadequate facilities...

As Greece Passes Bailout Bill, Debt Talks To Continue

The approval in the early hours of Monday morning by Greece's parliament of the critical omnibus reform bill needed to release a delayed €10.5 billion instalment from international lenders means the sustainability of Greece’s debt hinges upon a new cycle of negotiations. Beyond gearing up for...

New Provisions in Omnibus Bill to Alter the Greek Market

The critical omnibus reform bill that needed to release a delayed €10.5 billion installment from Greece’s international lenders was approved by the Greek parliament in the early morning hours of Monday. The bill corrects many injustices that used to exist...

Nea Dimokratia MPs to Replace Resigned Deputy Ministers

Nikos Tagaras and Theofilos Leontaridis are to replace their Nea Dimokratia colleagues Maximus Charakopoulos and Stavros Kalafatis, following their resignations, as Deputy Ministers for Environment and Agriculture, respectively. Kalafatis is now running for mayor of Thessaloniki, while Charakopoulos resigned on Saturday over proposed milk reform. Charakopoulos protested...

Lady Gaga Live in Athens in September

Popular American singer Lady Gaga has scheduled a concert at the Olympic Stadium in Athens on September 19. The event was announced on Monday by the Greek company "Lavrys" and the "Live Nation Global Touring." Lady Gaga's concert in Athens...

Availability Scheme Causing Problems in Greek Hospitals

Serious problems are expected to arise within the next days in public hospitals across Greece due to the placement of hospital drivers in an availability scheme that is expected to last almost a month. The leadership of the Health...

Greece ’s Bonds Beat Peers on Route Back to Market

Greek and Portuguese government bonds beat their euro-region peers this quarter as the countries made progress toward returning to international credit markets. The Hellenic Republic’s bonds returned 23 percent, the best performance among 34 sovereign debt markets tracked by Bloomberg...

Venizelos Won't Oust Papandreou Over Bill Vote Defiance

PASOK leader Evangelos Venizelos - without naming him - blistered former Socialist leader and previous premier George Papandreou for voting against a key article in a reform bill that passed Parliament, but didn't oust him or another veteran MP,...