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Greece

Dijsselbloem Urges European Lenders to Be 'Realistic' in Setting Greece's Fiscal Targets

On Monday the president of Eurogroup, Jeroen Dijsselbloem, told eurozone finance ministers that the time for realistic expectations regarding Greece's fiscal targets is on the horizon as he bluntly stated: "We need to be realistic" about setting expectations for the...

IOBE Warns New Tax Hikes on Tobacco Products Will Cause Loss of €100 Million Euros State Revenue

On Monday a new report by the Foundation for Economic and Industrial Research (IOBE) warned that the new tax hike to be placed on tobacco products starting January 1, 2017 will actually cause a 100 million euro annual loss in...

New COSCO Deal Creates 'Piraeus Free Zone' With VAT-Free Spare Parts for Shipowners

A new program offering Greek shipowners VAT-free spare parts is in the makings as the Chinese Shipping company COSCO has struck a deal with a Copenhagen-based logistics and transport provider creating what is called the Piraeus Free Zone. COSCO, the...

PODEIN Reports Greece's Public Hospitals Understaffed, Lacking Vital Diagnostic Equipment

Public hospitals in Greece are facing major shortages of everything from staff to equipment, according to a report published by the Federation of Public Hospital Workers (POEDIN). There were over 61 Greek National Health Service (ESY) facilities examined to compile the...

KEELPNO: New HIV Diagnoses in Greece at Lowest Level in 5 Years

According to figures released by the Center for Disease Prevention and Control (KEELPNO) on Monday, new diagnoses of HIV, the virus that causes AIDS, are at their lowest levels in years. During an event at Athens University for World AIDS Day,...

4.3 Richter Quake Near the Southernmost Greek Island of Gavdos

An earthquake registering 4.3 on the Richter scale took place in the early hours of Tuesday morning. The quake took place at 2:19 a.m. with its epicenter located 71 kilometers west of the island of Gavdos and had a focal depth...

Greece-Creditors Close to Agreement on Bailout Review, Commissioner Moscovici Says

Prime Minister Alexis Tsipras and European Commissioner for Economic and Monetary Affairs Pierre Moscovici on Monday agreed Greece and creditors are close to an agreement on the second bailout program review. The two men met at Maximos Mansion. Speaking to...

The Threat of Turkey Unleashing Millions of Refugees to Greece Is Real

Turkish President Recep Tayyip Erdogan has threatened Europe that if procedures for Turkey's accession to the European Union stop, he will unleash 3 million refugees to Europe. The threat is addressed to Greece, first and foremost. In the past two...

The Refugee Crisis Is Not Over; Relocations Must Be Accelerated, Says EU Commissioner Avramopoulos

European Commissioner for Migration Dimitris Avramopoulos called on the EU state members to continue and accelerate the refugee relocations from Greece and Italy and to send more experts to assist in the elaboration of the asylum requests. In statements to...

Greek Fin Min Lashes Out at IMF, Berlin

Greek Finance Minister Euclid Tsakalotos lashed out at the International Monetary Fund and Germany for placing excessive demands on Greece in regards to the country's bailout program. Tsakalotos spoke at the 27th annual conference of the American-Hellenic Chamber of Commerce...