Latest News from Greece
Another last chance in Cyprus
The Turkish and Greek Cypriot leaders, along with foreign ministers of the three guarantor states Turkey, Greece and Britain, came together for open-ended discussions on the future of Cyprus in the Swiss resort of Crans-Montana on June 28. The five-party talks are a continuation of the attempt that first commenced on Jan. 12 under the auspices of U.N.
Hoteliers to discuss overtaxation with PM
The overtaxation of tourism and the absence of clear zoning in the sector are deterring investors from entering the field in Greece, in spite of the interest recorded in new business plans by domestic and foreign groups, according to the president of the Greek Tourism Confederation (SETE), Yiannis Retsos.
ESM tells gov't to do its homework by Friday
The European Stability Mechanism's decision regarding the disbursement of the 7.7-billion-euro tranche to Greece was on Wednesday postponed until Friday, provided that all prior actions required have been satisfied by then.
Three in four recent graduates work for less than 800 euros a month
Almost three in every four (73 percent) people who graduated after 2011 in Greece collect no more than 800 euros per month, while one in six gets less than 400 euros per month, if they have a job, according to the findings of a survey the Foundation for Economic and Industrial Research (IOBE) presented on Wednesday.
UN chief heads to Cyprus Conference as expectations of deal take a nosedive
With talks at the Swiss resort of Crans-Montana aimed at reunifying the divided island of Cyprus at an apparent impasse, reports on Wednesday said that pressure is growing for leaders of the island's three guarantor powers - Greece, Turkey and the United Kingdom - to attend in a bid to break the deadlock.
Fatal speedboat crash in Halkidiki
A 54-year-old spearfisher was killed by a speedboat Wednesday off the coast of Kallithea in Halkidiki, northern Greece. According to port authorities, the man was brought to surface bleeding heavily and taken to shore by the speedboat driver before an ambulance rushed him to a nearby health center where he was pronounced dead.
Fatal speedboat accident in Halkidiki
A 54-year-old spearfisher was killed by a speedboat Wednesday off the coast of Kallithea in Halkidiki, northern Greece. According to port authorities, the man was brought to surface bleeding heavily and taken to shore by the speedboat driver before an ambulance rushed him to a nearby health center where he was pronounced dead.
New Democracy to seek special investigation over Noor 1
New Democracy is expected to table an official request for a special committee to investigate allegations that Defense Minister Panos Kammenos pressured Makis Yiannousakis - serving a life sentence over the so-called Noor 1 case involving a huge shipment of heroin intercepted in Greece in 2014 - to implicate shipowner Vangelis Marinakis in the case.
Shocking data reveals 36% of 2011 university graduates remain jobless
The impact of the crisis on the higher education sector and its link with the labor market is evident, according to a survey released on Wednesday by the Foundation for Economic and Industrial Research (IOBE).
Imam Baildi | Athens | July 6
Greek band Imam Baildi, known for mashing and remixing Greek songs from the 1940s, 50s and 60s, is celebrating 10 years since its arrival on the local music scene with a concert of old favorites and new tracks from their latest, as yet unreleased, album.
Greek PM rejects proposal by ND leader for special inquiry regarding Defence Minister Kammenos over Noor-1 case
Greek PM Alexis Tsipras unleashed a scathing attack against the leader of Greece’s major opposition party New Democracy, Kyriakos Mitsotakis, during the former’s address in the Greek plenum, Wednesday. Mr.
Cyprus talks temporarily suspended, report says
Talks at the Swiss Alpine resort of Crans-Montana aimed at reuniting Cyprus were put on hold Wednesday morning at the request of the two sides, but are expected to resume later in the day, AFP has reported.
ECB not yet reassured on sustainability of Greek debt, says Coeure
Eurozone governments have not yet provided enough clarity on the type of debt relief they may offer Greece to reassure the European Central Bank that the crisis-hit country's debt is sustainable, ECB board member Benoit Coeure said on Wednesday.
Fulbright scholarships for 2017-18 a reminder of program's enduring significance
It was 1949 when a group of hopeful young scientists boarded a ship and sailed across the Atlantic, leaving behind a Greece devastated by World War II and in the grips of civil strife. They were the first batch of Greeks to receive a Fulbright Scholarship to study in the United States, thus launching an exchange of knowledge and know-how that continues to this day.
Greece sells six-month T-bills at lower yield
Greece sold 1.625 billion euros ($1.84 billion) of six-month T-bills on Wednesday to refinance maturing issues, the country's debt agency PDMA said.
The six-month paper was sold at a yield of 2.78 percent, down from 2.97 in a previous sale last month. The amount raised included 375 million euros in non-competitive bids.