Latest News from Greece

Shadows loom over government's 'clean exit' scenario

Greece's bailout exit has been eliciting condescending and bitter commentary on the country's beaches and in its near-deserted cities, as few Greeks believes their lives are going to improve or that the country's prospects will be akin to those of other bailed-out eurozone states.

Greece defeats Spain to win gold in Youth Water Polo Championship

Greece's youth water polo team made history on Sunday by becoming Youth World Champion for the first time at the 2018 World Championship final in Hungary.

The team of coach Dimitris Kravaritis beat Spain 9-8 in Szombathely, Hungary, after beating Serbia in the semi-final on Saturday and Australia in the quarterfinals on Friday.

Alternate health minister rails against central banker

Alternate Health Minister Pavlos Polakis called on Greece's central banker to resign on Sunday, seemingly irked by Yannis Stournaras' warning that the country has to press on with reforms even after its third bailout program expires on Monday.

Seizing opportunities

Greece needs to play its cards right if it wants to profit from the opportunities arising on the international stage, but also to keep in mind that all of the big players are unpredictable and the game at hand incredibly complex.

Just a new phase

No matter how much the government toots its own horn, no matter what it says, Greece's formal exit from the bailout program does not mean that the country has reached the end of an era and is turning over a brand-new leaf.

EPP head says SYRIZA government delayed Greece's program exit

European People's Party president Manfred Weber welcomed on Sunday Greece's completion of its third bailout program, but said the country could have exited sooner if it wasn't run by the SYRIZA-led coalition.

Varoufakis says biggest mistake was trusting Tsipras

Almost three years after the SYRIZA-ANEL coalition government signed the third bailout program and two days before Greece is set to complete it, former finance minister Yanis Varoufakis said his biggest mistake during his tumultuous tenure was "trusting Tsipras."

Renewable Resort: Greek Island to Run on Wind and Solar Power

TILOS, Greece (AP) — When the blades of its 800-kilowatt wind turbine start turning, the small Greek island of Tilos will become the first in the Mediterranean to run exclusively on wind and solar power.

Regling in Kathimerini: First half of 2015 cost Greece 86-200 bln euros

I remember my relief when euro area leaders agreed with Prime Minister Alexis Tsipras on an ESM assistance package in the early morning of 12 July 2015. This formed the basis for the new programme for Greece, which euro finance ministers approved on 19 August 2015.

Low-key televised address to mark bailout program exit

The Greek government will opt for a muted acknowledgement of the country's exit from its third and final bailout on Monday, as the deadly wildfire that killed at least 96 people in east Attica last month and turbulence in the international markets caused by Turkey's economic woes rule out public appetite for bigger celebrations.

Stournaras says Greece has 'a long way to go' after exiting bailout

Greece still has 'a long way to go' to fix imbalances in its economy and problems in the functioning of the state after the country officially exits its latest bailout program on Monday, the country's central bank governor said in an interview with Kathimerini, published on Sunday.

Tax scam under investigation

Greece's Independent Authority for Public Revenue (IAPR) is reportedly planning to send thousands of notices to taxpayers who amended their initial tax declarations and managed to either significantly reduce their due tax or to secure large tax refunds due to suspicion of widespread tax fraud.

Six in every 10 businesses audited have broken the law

Tax evasion remains rampant in Greece, as raids by tax officers nationwide have shown that 60 percent of businesses audited have violated Greek tax legislation.

Violations include failure to issue receipts, using POS terminals registered in other countries and tampering with cash registers.

The promise of an impossible success story

The Economist could not have come up with a more precise, subtly sarcastic and at the same time disparaging way to describe Greece's leftist-led government: "an amateurish bloc of ex-communists and elbow-patched professors elevated to power by desperate voters." 

Greek leaders pay tribute to Kofi Annan

Greece's political leadership paid tribute to former United Nations secretary-general and Nobel Peace Prize laureate Kofi Annan who has died at the age of 80.

Annan, a Ghanaian national, died in hospital in Bern, Switzerland on Saturday.

Pages