Greece new

Bundesbank sent a warning to the German government regarding the consequences the Grexit would have to Germany’s economy. The exit of Greece from the Eurozone is likely to create “holes” worth billions of euros in Wolfgang Schäuble’s budget, warned Bundesbank...

“We should probably reduce Greece’s public debt to half, which means 120 billion euros should be written off. This is what the German chief economist, head of the German Institute for Economic Research (DIY) and major government advisor, Marcel...

An earthquake was recorded earlier today in the sea area southwest of the island of Cephalonia, in the Ionian Sea in Greece. According to the Geodynamic Institute of Athens the two earthquakes measured 4.8 on the Richter scale and are...

Prime Minister Antonis Samaras received a letter yesterday from five judges' unions. In it, the justices have demanded their wage cuts – amounting to some 100 million euros – to be paid back before the end of 2014. The government's 2012 decision...

“Greece's fur coat industry, suffering from a drought of Russian buyers, is terrified that the sanction tit-for-tat between Moscow and the West over Ukraine could destroy its business altogether,” reported a recent Moscow Times article. Despite its hot Mediterranean climate, Greece sold 136,446 fur coats -...

As of this week three young Greek-Australians have passed the blind auditions of Australia's music show The Voice, and won over the audience. Carly Yelayotis, Frank Lakoudis and Luke Koteras caught the attention of the judges and won the...

The “Farmer of the Year” award was given to Mr. Ioannis Lazaridis, this year during an event held on the morning of December 20, at the Greek Agriculture Organization (ELGO) "Dimitra" in Drama, Greece. The award ceremony took place...

As three more lawmakers of the neo-Nazi Golden Dawn party appeared in court on Nov. 25, the extremist group planned a rally for Nov. 30 in the center of Athens, Greece to demand the release of its its jailed...