Society
Economy
IMF Might Withdraw from Greece's Bailout, Finds Debt Unsustainable
The International Monetary Fund finds the Greek debt unsustainable and called on Eurozone leaders to write off part of it.
Greece owes almost 10 percent of its debt to the IMF and Germany has insisted that the fund remains in...
Greece
Greek Police Preparing for Attacks on State Buildings
Greek police are taking precautionary measures in order to prevent any anarchist or anti-authoritarian attacks to government or state buildings. The groups are disappointed with Greek Prime Minister Alexis Tsipras’ agreement with the European creditors which will result in...
Economy
Wednesday's Strikes Show Greeks Refuse Change
It is really sad to see the people of a country that was on the brink of bankruptcy three days ago to go on strike and take it to the streets to demonstrate against the deal that saved them...
Economy
Tsipras Prepared to Replace Dissident Cabinet Members
The decision for a government reshuffle is taken by Prime Minister Alexis Tsipras, who is prepared to replace cabinet members who will vote against the new bailout deal for Greece.
According to sources close to the prime minister, Tsipras is...
Economy
SYRIZA Political Secretary Joins Dissidents and Opposes Greek Deal
Tasos Koronakis, Secretary of the Political Commitee of SYRIZA, joined the group of dissidents in the Greek government who oppose the new bailout deal Pime Minister Alexis Tsipras has signed.
The meeting of the SYRIZA Political Secretariat that took place...
Greece
Greeks Never Lose Their Humor; Funeral Home Named 'Schaeuble'
Greeks are known for their humor and their ability to maintain it even in the most difficult situations. When that humor combines with business ideas, then the result is even more spectacular.
For example, the owner of a funeral home...
Economy
Greek Public Sector Union ADEDY Calls For 24-Hour Strike Against New Bailout Deal
The Greek Public Sector Union (ADEDY) urged citizens working in the country's public sector to stage a 24-hour strike on Wednesday and express their opposition to the new 86-billion-euro bailout deal Greek Prime Minister Alexis Tsipras agreed on Monday morning with the country's...
Economy
Greek Parliament President May be a Thorn in Tsipras' Side
The stance of Greek Parliament President Zoe Konstantopoulou remains a mystery as Prime Minister Alexis Tsipras will bring the new agreement to be voted in parliament on Tuesday.
Konstantopoulou voted "present" in the critical vote for the Greek bailout proposals...
Economy
Will Alexis Tsipras Be Greece's Prime Minister After Bailout Agreement?
The harsh reforms required in order for Greece to reach a new bailout agreement generated scenarios about the future of the Greek government and even the future of Alexis Tsipras in the prime minister's seat.
What is certain is that...
Economy
Greek Prime Minister: We Fought a Hard Battle and We Won a Difficult Deal
Coming out of a long Eurozone summit, Greek Prime Minister Alexis Tsipras said that Greece won a hard deal but it is one that will secure the country's place in the Eurozone and will help the Greek economy recover.
"We...
Economy
German Chancellor Merkel on Deal: Greece Must Legislate Reforms by Wednesday
Greece has to legislate in parliament the agreement text by Wednesday before it goes to other European parliaments for voting, said German Chancellor Angela Merkel coming out of a marathon summit of Eurozone leaders.
"Greece must pass the agreement text...
Greece
This Is the Document on Greece the Eurogroup Presented to EU Summit
A list of reforms some of which must be legislated by Wednesday in the Greek Parliament was submitted to the European Union by Eurogroup President Jeroen Dijsselbloem.
The Greek side has called the text a "monster" as it contains some harsh...
Economy
U.S. Astronaut Tweets 'Best Wishes' to Greece from Space
U.S. astronaut Scott Kelly sent his best wishes to Greece from the International Space Station, as the debt-ridden country struggles to get a new bailout agreement while on the brink of bankruptcy.
Kelly posted on his personal twitter account a...
Economy
Eurogroup: No Official Announcement on Greece, Partial Draft Seen
As the meeting of the Eurozone finance ministers and the summit of the 28 European Union leaders are still in session, it was decided that there will not be a written announcement and that Eurogroup President Jeroen Dijsselbloem will...
Economy
European Leaders Enter Summit with Mixed Expectations Over Greece
European leaders entered the crucial summit that will decide the future of Greece in Europe with mixed expectations, while Greek Prime Minister Alexis Tsipras asked for an "honest compromise."
German Chancellor Angela Merkel said she is not surprised that another...