Greek Crisis

Varoufakis Reveals Outburst Against 'Stupid' Tsipras

Former Greek Finance Minister Yanis Varoufakis has revealed he accused Prime Minister Alexis Tsipras of being “totally stupid” in accepting a demand by Greece’s creditors for big primary surpluses. During an interview with Greece’s Parapolitika radio, Varoufakis said when he...

€6-7B Greek Bailout Tranche Set for Late January

    The next Greek bailout tranche, worth 6 to 7 billion euros, is expected to be disbursed in late January, provided that 55 agreed-upon measures are undertaken by the Greek government by that time. A Eurogroup source told the Athens -...

Die Welt: Greece is Recovering from the Crisis

Greece is recovering from the crisis and the economy finally grew again last year, according to an article in German newspaper Die Welt, published on Saturday. The article notes the Greek economy is expected to perform better in 2018 and...

2017: The Year More Greeks Lost their Dignity

One of the (vague) election pledges of Alexis Tsipras was that his administration would restore the lost dignity of Greeks. That was also one of his slogans when he was negotiating with creditors before he brought back more of...

Greeks who Fled the Crisis Speak Out

It is estimated that at least 420,000 Greeks; half of which hold university degrees, left their homeland since the onset of the economic crisis in 2010, according to a 2017 Bank of Greece study. Naturally, most of them communicate with their friends...

ND is Ready and has a Plan for Changing Greece, Mitsotakis Says

Main opposition New Democracy leader Kyriakos Mitsotakis wrapped up ND's 11th conference on Sunday with the message that the party was ready to govern the country "and to lead Greece where it deserves to be." "We are ready, we know...

IMF Approves in Principle €1.6 Billion Arrangement for Greece

The International Monetary Fund on Thursday approved in principle a €1.6 billion standby loan arrangement for Greece, making a conditional commitment to help underpin the country's long-running bailout program for the first time in two years. But the IMF's approval-in-principle...

‘Freedom Besieged’ Sets Out to Change the Story of Greek Youth

For Greeks around the world tired of the negative associations and presumptions swirling around their homeland, and especially surrounding the Greek youth of today thanks to the crisis of recent years, Panayiotis Yannitsos' new feature-length documentary "Freedom Besieged" sets...

George Logothetis: 'Greeks, The Ordinary Heroes' (video)

  "Many heroes are born and shaped from crises... There are many Greek heroes that are unseen, unheard and unappreciated," said Concordia Leadersip Counci Chairman George Logothetis at the Concordia Europe Summit in Athens on Wednesday. Addressing the Concordia Europe Summit held in Athens,...

PM Tsipras: Exit from the Crisis a National Goal

The claim of a final exit from the crisis, sustainable and socially fair, after seven years of recession is a national goal and not simply the government's political goal, underlined Greek Prime Minister Alexis Tsipras in a post on...