Society

Greek Prime Minister Alexis Tsipras spoke to the European Parliament presenting the country's position on the debt issue and spoke of the five years of austerity Greece went through. "I am here today after the referendum and Greek people's mandate...

The Greek finance ministry team is racing with time to come up with a comprehensive proposal in order to reach an agreement with creditors by Friday. The Greek proposal will be discussed on Saturday's Eurogroup. On Sunday, there will be...

Two large Greek companies have decided to pay their employees in cash now that banks are closed and capital controls are imposed. The Sklavenitis super market chain was the first to take the initiative. A company announcement stated that the...

The Greek issue may be discussed informally at the meeting of finance ministers and central banks of the BRICS countries, according to TASS. The Russian news agency report cites a Russian official who is a member of the Russian delegation:...

United States Treasury Secretary Jack Lew told Greece’s Prime Minister Alexis Tsipras and newly appointed Finance Minister Euclid Tsakalotos, that Washington "looked forward" to a swift resolution to the Greek debt crisis that affects Europe. Lew said he hoped a...

European Commission President Jean-Claude Juncker said that there will not be a solution to the Greek debt problem in Tuesday's summit of Eurozone leaders and said he will ask Prime Minister Alexis Tsipras what the 'No' in Greece's bailout...

A bridge program that will cover Greece's financial needs for July has been discussed by European Commission President Jean-Claude Juncker and the president of the socialists in the European Parliament, Gianni Pittella. The bridge deal will precede the third bailout program...

Greece's Alternate Minister of Infrastructure, Transport and Networks Christos Spritzis announced on Monday that the Greek government has decided to make public transportation in the Attica region free to all commuters for one more week. The Athens metro, buses, trolley buses, ISAP railway and...

Greek Prime Minister Alexis Tsipras has appointed Euclid Tsakalotos as Greece's new Finance Minister after the resignation of Yanis Varoufakis. Tsakalotos was Alternate Minister of International Financial Affairs and had been appointed as chief of Greece's negotiating team after lenders...

The 'no' vote in the Greek referendum complicated things and a new bailout program for Greece cannot be negotiated without a mandate from the Eurogroup, said European Commission Vice-President Valdis Dombrovskis at a daily news conference by the Commission. "The...

Greek debt held by the European Central Bank cannot be restructured as that would amount to the ECB financing a government, which is explicitly banned by European Union rules, ECB governing council member Christian Noyer said on Monday. According to...

Greece's place in Europe might be determined within the next 48 hours with a barrage of meetings, teleconferences and a Eurozone summit on Tuesday. On Monday there will be a teleconference between European Commission President Jean-Claude Juncker, Eurogroup President Jeroen Dijsselbloem,...

China is confident that Greece's economy will turn around, after the outcome of Sunday's referendum. Deputy Chinese Foreign Minister Cheng Guoping said that he believes the Greek debt crisis would be "appropriately resolved." According to Reuters, Cheng Guoping said that with...

Sunday night was a night of celebration for the majority of Greeks who rushed in the streets waving Greek flags and singing. It was a night of much-needed relief after weeks of painful negotiations, uncertainty and gloom. In the past...

People across the globe have started considering the possibility of a Greek exit from the Eurozone, but what would that mean for the European monetary union? The Wall Street Journal attempted to find the answer to this question in a...