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Greece

New York Times: Greece Will Race Against Time After Elections

The possibility of a bank run is a danger that Greece is facing if leftist SYRIZA wins the January 25 elections, according to a New York Times report. SYRIZA leads the polls and most likely will form a coalition government...

SYRIZA Leader Tsipras Promises Restoration of Returnee Expatriates' Pensions

With the representatives of Pontian and Northern Epirus expatriates Federations met earlier today Greek main opposition SYRIZA leader Alexis Tsipras along with the party's MPs Panagiotis Lafazanis, Dimitris Stratoulis, Panagiotis Kourouplis and Alexis Mitropoulos. Among others, Tsipras committed to restore...

Olympiacos Crowned First Round Champions (Standings and Top Scorers)

Olympiacos is named the first round's champions of the Greek SuperLeague, an accomplishment that in reality has no effect besides irritating the rest of the league's clubs. Throughout the whole season, Olympiacos' inconsistency has let PAOK sit in first place. The Thessalonians deservingly...

January 25 Elections will Cost €60 Million

The elections of January 25th are expected to cost over 45 million euros, excluding the cost of the remuneration of Greek police, estimated at 15 million. The finance ministry asked the ministry of interior to cut election costs as much as possible, following...

Greek Politician Promises to Donate Land if Elected

The Greek 85-year-old landowner Militadis Tzalalidis has promised to donate 3,000 hectares of land in Grevena, northern Greece to citizens of the country if he is elected as a member of the Greek Parliament in the elections of January...

Insurance Funds €400 Million Short in 3 Months

Insurance funds are in danger of suffocation, as in the last three months of 2014 there was a deficit of 400 million euros. From October onwards, there is a recorded lag of 16- 17% in expected revenue, thus creating a...

Italians Buy Greek Olives to Cover Needs

Trucks carrying olives from the Greek region of Peloponnese - mainly Ilia, Greece - have been ferried across the Adriatic Sea, as traders from Italy have for the first time bought not only olive oil in bulk, but also...

Red Alert in Greece and Europe Over Flu Virus

The rapid spread of the flu virus in Greece is due to the fact that this year's vaccine is not effective against the A(H3N2) strain, scientists say. Five people have already lost their lives to the flu virus. As of...

Potami Leader Theodorakis Says his Party will Win Third Place in Upcoming General Elections

Potami party will win third place in the January 25 general elections, its leader Stavros Theodorakis on Sunday said during the central pre-election rally in Thessaloniki, Greece. Theodorakis also noted that it would be a shame for democracy if...

SYRIZA Will Need EU/IMF Approval to Use T-Bills, Fin Min Says

SYRIZA will need EU/IMF approval to use Treasury bills to cover Greece's funding needs, if the leftist party comes to power, the Ministry of Finance said on Monday. This comes as an answer to Alexis Tsipras, the party leader, who...