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Greek Opposition Leader Theodorakis: 'If Tsipras Fails, We'll Be Ready'

The current SYRIZA-ANEL coalition government is not in a position to implement any European agreement because it does not have the potential to do so, Greek opposition "To Potami" leader Stavros Theodorakis said at a party meeting late on...

Austerity Themed Street Art in Athens

Through an extensive photographic article, entitled “Athens: A Canvas for Austerity-Themed Street Art,” the news agency Bloomberg presented several works of art found in the streets of the Greek capital that were inspired by the economic crisis. The article noted...

Labor Exploitation in the EU and Greece

Workers who travel within the EU, or migrate to the EU are at risk of becoming victims of severe labor exploitation according to a report published by the Fundamental Rights Agency (FRA). The report notes that while the EU...

SYRIZA Parliamentary Group Meets to Discuss Negotiations

SYRIZA lawmakers have asked for an emergency Parliamentary Group meeting to discuss the progress of negotiations and the proposed plan presented to creditors for an agreement. The initiative was taken by the so-called SYRIZA's left platform led by Productive Reconstruction,...

Eurogroup Chief to Join Talks Between Greek PM Tsipras and EC President

Eurogroup President Jeroen Dijsselbloem will participate in emergency talks between Greek Prime Minister Alexis Tsipras and European Commission President Jean-Claude Juncker on Wednesday evening in Brussels. Tsipras will present Juncker with a 47-page plan of proposed reforms, while Juncker will...

Greek PM Tsipras: I Will Only Discuss Greece's Proposal

Greek Prime Minister Alexis Tsipras made an optimistic statement shortly before his departure for Brussels where he will discuss Greece's proposal with creditors. Tsipras said: "I'm going to Brussels to discuss the Greek government's draft deal," noting that there is...

IMF Chief: Deal is Up to Greece Now

International Monetary Fund Managing Director Christine Lagarde told the board of directors of the fund that an agreement over the Greek debt is entirely up to Greece now. Lagarde briefed the IMF board on her discussions with top European officials...

Austria has Earned More than €100 Mln in Interest from Greek Bailout

Austria has received 101.73 million euros in interest on loans given to Greece under the first Greek bailout program, according to figures released by the Austrian Finance Ministry, the country's press agency APA said on Tuesday. This is the amount...

Austerity Increases Debt, Says Head of European Left Group GUE/NGL

Greece’s debt problem could be resolved by ending austerity, the President of the Confederal Group of the European United Left/Nordic Green Left (GUE/NGL), Gabriele Zimmer, told the Athens-Macedonian News Agency on Tuesday. "The debt problem can be resolved first and...

Greece to Adopt International Public Sector Accounting Standards

Greece’s Finance Ministry announced on Tuesday it will set up working groups to implement International Accounting Standards for the public sector and reform financial legislation. According to the Ministry, the decision by Greek Alternate Finance Minister Dimitris Mardas aims...