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April 23, 2010: Ten Years Since the Official Beginning of the Greek Financial Crisis

It was a day much like this on April 23, 2010, when the then-Prime Minister of Greece George Papandreou announced from picturesque Castellorizo Island that Greece would officially ask for financial assistance from its fellow Eurozone member-states as the...

EU Commission Says it "Will Remain by Greece's Side'' One Year After Bailout Exit

The European Commission issued a statement on Tuesday on the occasion of the one-year anniversary of Greece officially exiting its bailout programs after its eight-year-long financial crisis. ''Today marks one year since Greece successfully concluded its European Stability Mechanism (ESM)...

Greece's Creditors say No Changes in Bailout Program Terms for New PM

Greece’s creditors have said no to calls from the country’s new conservative government to ease harsh budget conditions agreed as part of its rescue program, AP reports. New Democracy leader and Greece's new Prime Minister Kyriakos Mitsotakis was elected after...

Investors' Calls for Compensation Over Greek Bailout Rejected by EU Court

The European Union's General Court made public on Thursday that the private investors who wished to be compensated for the losses they endured during the Greek bailout of 2012 will not receive any compensation. The individuals who had held sovereign...

BBC Film Portrays Ten Years of Financial Turmoil in Greece (video)

The nail-biting weeks leading up to the first Greek bailout in 2010 are the subject of a new BBC documentary which aired on February 4. The spellbinding film, titled “Inside Europe -- Ten Years of Turmoil" takes viewers inside the...

Creditors Leave Athens Without Plan for Settling Tax Debt

The Greek government did not present their plans for settling tax debt in 120 installments during negotiations this week in Athens with their creditors' representatives. The creditors’ representatives will leave Athens with incomplete information for the second post-bailout assessment, which is...

Greece 2018: The Year in Review

The year 2018 was a tumultuous one for Greece, marked by tragic events such as the East Attica fires which claimed the lives of 99 people and the destruction of the entire town of Mati. The political world was...

Greeks Pessimistic About Their Finances After Bailout Program

Seven out of ten Greeks foresee no change whatsoever in the course of the economy and their personal finances after the end of the bailout program, a new survey shows. The research was conducted by PULSE on behalf of the...

Tsipras Urges Italy to Follow EU Rules

Greek Prime Minister Alexis Tsipras has urged the Italian government to adhere to EU  demands to lower the country's deficit, according to the Corriere della Sera newspaper. In a story titled "Tsipras' advice to Italy: Give in now -- later...