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Greece

Former Greek House Speaker Konstantopoulou to Start Own Party, Blasts Tsipras

Former house speaker Zoe Konstantopoulou has stated her intention to start her own party with the aim of bringing about the government’s collapse. Speaking on Skai television late on Tuesday night, the outspoken politician announced the formation of a new...

WSJ: Risk of Grexit Might Return in July

Greece might be at the risk of exiting the eurozone in July as the country has difficulty reaching the fiscal targets required by the bailout program on time, a Wall Street Journal analysis says. According to the report, the targets...

Two Ferries With More than 670 Refugees Arrive at Pireaus on Wednesday

"Ariadni" ferry with 529 migrants and refugees docked at Piraeus port on Wednesday morning. More specifically, on board “Ariadni” were 50 persons from Chios and 479 from Mytilene. "Blue Star 2" is expected to arrive to the port later in the...

Creditors Arrive in Athens for Crucial Bailout Program Review

Greece's creditors arrived in Athens on Tuesday night in order to start the evaluation of the implementation of the bailout program with several issues still open. The heads of the creditors' missions - Declan Costello of the European Commission, Nicola...

Greece Needs Nominal Debt Haircut to Recover, Head of Parliament's State Budget Office Says

Greece's debt as a proportion of GDP was double the average in Europe and a sign of the Greek economy's failure, as well as indicating that the country needs a reduction of its nominal debt in order to recover,...

Sea Cruise Association Expects Less Passengers this Year

The Association of Cruise Shipowners and Shipping Agencies met with Greek Shipping and Island Policy Minister Theodore Dritsas and discussed developments in the port of Piraeus ahead of the summer season and government initiatives regarding migrants and refugees temporarily...

Tsipras: Aegean Must Become a Sea of Peace, Cooperation and Stability

Neither Greece nor Turkey were the cause of the problems currently facing central Europe, Greece's Prime Minister Alexis Tsipras said on Tuesday, during joint statements with his Turkish counterpart Ahmet Davutoglu in Izmir. We will solve the problems of...

NATO Force Begins Patrols Along Turkish Coast to Control Traffickers

The NATO force in the Aegean on Tuesday began patrols along the Turkish coast to control and stop the lines to Greece used by refugee and migrant traffickers. The commander of the Standing NATO Maritime Group Two (SNMG2), Rear Admiral...

Making Sense of the EU-Turkey Deal

While it is too early to jump into definite conclusions about the nature and scope of the EU-Turkey migrant deportation deal, it is nonetheless quite obvious that what is going on is a "bargaining game” of national interests where...

Privatization of Piraeus Port Will Produce Major Economic Benefits, According to IOBE Study

Greece’s Foundation for Economic & Industrial Research (ΙΟΒΕ) has just released a study regarding the economic effects from the controversial privatization of Piraeus port. According to the study, tilted appropriately “Economics Effects From the Privatization of Piraeus Port,” some 500...