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EU

SYRIZA Leader Tsipras: New Greek Govt to Negotiate With Creditors Until July

Greek main opposition SYRIZA leader Alexis Tsipras, addressing a press conference earlier today, dismissed suggestions that Greece will have to complete its international bailout program review by the end of February, saying that a SYRIZA-led government would have until July to...

Greek Public Debt at 176% of GDP in Q3 2014

According to data released by Eurostat, the Greek public debt increased to 176% of the country’s GDP during the third quarter of 2014, from 171% in the same quarter of 2013. Public debt within the Eurozone stood, on average, at...

Mario Draghi: ECB to Buy 60 Bln Euros in Assets a Month, Greece Included Under Conditions

President of the European Central Bank, Mario Draghi, announced today the purchase of assets amounting to 60 billion euros per month, in order to stimulate growth and address the threat of deflation. He clarified, the purchases of government bonds...

La Repubblica: The Troika Saved the Banks, Not the Greek People

To the Greek banking system ended up more than 90% of the bailout loans given to Greece, while less than 10% ended in those really in need; the people of Greece, Italian newspaper La Repubblica argued in a direct...

21 Million Tourists Visited Greece in 2014

Some 21.4 million tourists visited Greece between January and November 2014. According to provisional data released by the Bank of Greece (BoG), during the eleven-month period, the number of incoming tourists rose by 22.7%, reaching a total of 21.497 million passengers, a...

Brussels: Solidarity Protest for Greeks and Against Austerity

A protest was organized in Brussels on Saturday evening in solidarity of the Greek people and against austerity measures. According to local media, only 150 protesters were present at first but their number quickly rose to 400. The protest was...

ECB Executive: Talk of Grexit Unreasonable and Unrealistic

The speculation of a possible Grexit, which lately dominates the Greek public sphere, ruled out European Central Bank (ECB) executive board member Benoit Coeure in an interview with the Irish Times. Coeure characterized such scenarios as "unreasonable and unrealistic." When...

Greece Among 5 Member-States With Highest Poverty Hikes During Crisis

Greece, Ireland, Spain, Italy and Hungary were the EU member-states where poverty and social exclusion increased the most during the economic crisis, according to the European Commission's Annual Review on employment and social developments released on Thursday. The review noted...

Eurogroup Prepared to Work with Election Winner

The Dutch Finance Minister and Eurogroup president, Jeroen Dijsselbloem, spoke with journalists after a private lecture in Tokyo, Japan. During the short interview he spoke about Greece ’s situation and the Eurogroup’s decision to help the winner of the...

Former Greek PM George Papandreou Speaks About Everyone and Everything

Democratic Socialists Movement leader and former Prime Minister of Greece George Papandreou, during an interview to Athens-Macedonian News Agency on Saturday, referred to everything and everyone and shed light to a number of questions and speculations regarding his actions and policy when...