Greece
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capital controls

Free Public Transportation in Attica Region This Week

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...

Foreign Media Inform Tourists On Greece Situation

While Greek citizens are trying to remain calm amidst the chaotic situation in the country, after the imposition of capital controls, foreign media are constantly providing advice to tourists planning their vacation in Greece. On Tuesday, June 30, BBC published...

EU Adds More Pressure on Greece Ahead of Referendum; EFSF Statement

  One day before Greeks vote in a referendum to accept or reject a bailout deal the EU has offered them, the European Financial Stability Facility issued a statement "reserving its rights to act upon Greece's default." With the Greek Banks closed...

Greek Banks Consider Haircut On Deposits Over €8,000: FT

Amidst fears of financial catastrophe, Greek banks are considering to tap into depositors funds the Financial Times reported citing bankers and businesspeople with knowledge of the measures. "The plans, which call for a haircut of at least 30 per cent...

Greeks Can No Longer Use Their PayPal Accounts

The capital controls that were recently imposed to Greece by its government left PayPal paralyzed, as the online payment company relies exclusively on the traditional banking sector and credit card industry for its transactions. "Due to the recent decisions of the Greek authorities...

Greeks Protect Their Money by Converting Them to Bitcoin

  The capital controls the Greek government has imposed have one loophole. Greeks can in fact withdraw their money if they are willing to convert their euros into bitcoin. The online currency has already become a popular option for Greeks over the last few months....

Varoufakis: 'Greece Will Have a Deal By Monday'

"This has been a difficult week but it is an investment on a viable solution. The state will be able to pay salaries and pensions because we will have a deal by Monday, one way or another," Greek Finance...

Greece: When Is It Time to Forgive Debt?

By Jagjit Chadha, University of Kent Greek citizens preparing to vote in a referendum have been implored by their coalition government to reject a deal with the country’s creditors which, in actual fact, might have worked to keep the country afloat...

Greek PM Interview: When Greece's Banks Will Reopen

Greek Prime Minsiter Alexis Tsipras said that Greek banks will reopen when Greece and its creditors leave from the negotiations table with an agreement in hand. After the Greek government decided to hold a referendum asking its citizens to vote...

Greek Diaspora Across the World Worried About the Situation in Greece

Greece is a country of more than 10 million inhabitants, with a diaspora that reaches 6.5 million. Over the years, Greeks have settled in every part of the world, from Australia, to Germany and the U.S., but they never forgot...