Greece
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Greek Crisis

April 23, 2010: Ten Years Since the Official Beginning of the Greek Financial Crisis

It was a day much like this on April 23, 2010, when the then-Prime Minister of Greece George Papandreou announced from picturesque Castellorizo Island that Greece would officially ask for financial assistance from its fellow Eurozone member-states as the...

Germany's Schaeuble Admits Greece in Much Better Shape Now

Germany's former finance minister Wolfgang Schaeuble admitted on Friday that the Greek economy is in a much better position than it was eight years ago. Speaking with Greece's TA NEA newspaper, the German politician noted that "Greece is in a...

Dijsselbloem Calls Varoufakis' Handling of the Greek Crisis 'Catastrophic'

During an interview on Greece's ANT1 television station on Monday evening, the former president of Eurogroup, Jeroen Dijsselbloem, said that ’ handling of the Greek crisis was "catastrophic" for Greece. Dijsselbloem also accused Varoufakis of trying to constantly undermined the...

'Greece has Returned to Growth' Says EU's Moscovici

Europe has come out of the Greek experience collectively stronger, said EU Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici ahead of Greece's exit from the bailout on Monday. In comments to the press, Moscovici said that...

Is Greece Out of the Woods? Key Dates from a Decade of Crisis

It has been a long and painful road for Greece and its people during a decade of economic meltdown and austerity. As analysts pick over Thursday’s deal announced at a Eurogroup meeting in Luxembourg which purports to lay down Greece’s...

Out of Crisis, Back to Tradition: The Story of Nature Blessed Greek Olive Oil

In 2013, after decades in business, Ioanna Damianaki's liquid-fuel distribution company was struggling through the Greek economic crisis. Profits were down due to a decrease in fuel consumption and, looking for something different to ensure her children’s future, her gaze...

Special Greek-Canadian Meeting Talks 21st-Century Migration

Migration in the 21st century will be the topic of discussion at a special symposium to take place on Saturday in Toronto. The Hellenic Canadian Academic Association of Ontario (HCAAO), under the auspices of the Consulate General of Greece in...

Hard-Hitting Film Explores Greek Crisis (video)

The trailer for a new hard-hitting documentary about Greece, its crisis and the future of its young people was released on Thursday. Freedom Besieged is a 70-minute offering by award-winning Greek-Canadian filmmaker Panayioti Yannitsos which documents the lives of young...

Greece to Issue 7-Year Bond 'in Next Few Days'

The Greek Finance Ministry has decided to issue a seven-year bond, aiming to raise €3 billion ($3.7 billion), in the next few days, possibly this week, reports the Athens-Macedonian News Agency (AMNA). It is the third attempt towards Greece's full...

Greek President Appeals for Unity

Greek President Prokopis Pavlopoulos on Friday underlined the need for national consensus on the major issues, ahead of a major rally planned for Athens on the 'Macedonia' name dispute. Speaking in the coastal city of Kalamata on Friday, the president...