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Greek politics

Cypriot Customs Confiscates 500,000 Euros from Greek Businessman

Custom authorities in Cyprus confiscated half a million euros from a Greek businessman who attempted to fly the money back to Greece when Cypriot banks refused to let him deposit it. Reuters reports that the businessman had arrived in the...

Greek-Canadians Watching the Developments in Greece

Greek-Canadians are following the developments in Greece with great interest through radio broadcasts and social networks after the January 25 national election, exchanging their views regarding the country's future under a new government. Others believe that a new era...

Fitch Lowers Greece Credit Outlook to 'Negative'

The Global rating agency, Fitch Ratings downgraded Greece 's credit outlook to negative from stable, on Friday, January 16, due to the rising political uncertainty, in light of the January 25 elections. However, the agency kept the country's credit rating unchanged at 'B,'...

The Dark Hole in the Economy and the Dark Age of Greek Politics

Aristophanes, the great ancient Greek satirist, would have a field day if he was alive today and could observe the current political situation in the land of gods. The pre-election madness of the last few days has sent Greece to...

French President: Greece Must Abide by its Previous EU Commitments

French President Francois Hollande talked about Greece’s situation during a radio interview, on Monday, January 5. He urged the country to focus on staying within the eurozone and abide by its European commitments. “The Greeks are free to choose their...

Papandreou Announces New Greek Political Party: 'Democrat Socialists' Movement'

Today, January 3, 2015, George Papandreou held an open event for the presentation of his new political party at the Benaki Museum in Athens, Greece . The Greek former Prime Minister presented the identity and views of his political party, as...

George Papandreou to Announce New Political Party [Update]

In a statement, George Papandreou called all citizens tomorrow, January 3, at the Benaki Museum, Athens, Greece , at 5:30 pm, to be present at his new political party's founding declaration, which, according to Greek media, will be called “Democrat Socialists Movement” (“Kinima...

Greeks Withdrew 2.5 Bln Euros in December

Just four weeks before the upcoming snap elections, Greeks are becoming more concerned about the country’s debt and financial crisis, reported German newspaper Die Welt. Fearing political and economic turmoil, many Greek savers and entrepreneurs opted to withdraw their money from banks....

Euro Sinks Near 30-Month Low Due to Political Developments in Greece

The Eurozone currency hovers near a 30-month low against the US Dollar today due to the uncertainty spread in the union by the developments in the Greek political scene. The Greek Parliament yesterday failed for a third consecutive ballot...

Samaras — Karamanlis Meeting to Send Message of Unity

A meeting between current New Democracy leader and Prime Minister Antonis Samaras and former New Democracy leader and Prime Minister Kostas Karamanlis took place yesterday at a central Athens restaurant. The two men arrived at the restaurant from different...