All News on Sports in Greece

Merkel may face revolt by 100 German MPs on Greek debt write-off

German Chancellor Angela Merkel has a rebellion on her hands as more than 100 German MPs threatened to revolt unless she remains firm in her demands to block a huge debt write-off as a new bailout plan for Greece.

EU, EZ leaders point to weekend as last deadline for deal

Europe has given the Greek government an ultimatum to produce a reforms-for-bailout cash package or face a eurozone exit. A deadline appeared as Sunday, when a new emergency euro summit will be held.

Speaking after the latenight eurozone summit, European Council president Donald Tusk warned that the next five days are the most critical in the European Union’s history.

Turkey defeats Greece in Crete bronze game

Turkey defeated Greece 80-71 on June 5 to win the bronze medal at the FIBA U-19 World Championship, held in Crete, as the United States clinched the title. 

Turkey's trip to the podium marks its best ever result in the tournament. 

Schulz: ‘No’ means Grexit for any future bailout deal

European Parliament President Martin Schulz, a German socialist, was quite clear in comments to German radio over the weekend: if a “no” vote wins out in Sunday’s referendum then Greece would have to adopt another currency in any cash-for-reforms deal.

Nietzche vs. Socrates in the Greek crisis, but who will score? (Monty Python video)

The Monty Python may have hit on part of the reasons for the Greek crisis years before it unfolded in a sketch from 1974 showing the Germans and Greece playing football. In the match, both sides are represented by theif foremost philosophers who do nothing but talk. Finally, Socrates scores goal against Gottfried Wilhelm Leibniz. German philosophers – G.W.F.

Greek minister says Europe won't let Athens go under

Greece's finance minister accused creditors of trying to "terrorize" Greeks into accepting austerity, warning Europe stood to lose as much as Athens if the country is forced from the euro after a referendum on July 5 on bailout terms. 

P. Moscovici: Greece belongs in Eurozone

EU Economic and Monetary Affairs Comissioner Pierre Moscovici reiterated that Greece’s position is in the Eurozone and it’s in everyone’s political interest to keep the euro area united.

ECB maintains ELA ceiling for closed Greek banks

Euro zone central bank chiefs kept an existing cap on a funding lifeline to Greece in place on Wednesday, the ECB announced, a move that keeps pressure on the radical leftist government at a time when banks are closed and capital controls in place.

Schaeuble says Greece will stay in EZ even with ‘no’ referendum

German Finance Minister Wolfgang Schaeuble said on Monday during a private conversation with three people who wished not to be identified that Greece would stay in the euro for the time being even if Greek voters rejected austerity in a referendum on July 5.

Oh, beloved drachma… How we've missed you! (photos)

Despite talk of the bitcoin, Greek banks have actually been preparing for a return to the drachma for years. Were a hypothetical Grexit to take place, the previously decommissioned currency would not be used but new banknotes based on the old design would most probably be printed.

Euro leaders: 'No' probably means Grexit

Most high-profile European leaders didn’t mince their words on Monday in the wake of the weekend’s dramatic twin “Grecian surprises” — a snap referendum and week-long capital controls — with the consensus being that the July 5 plebiscite will essentially decide Greece’s membership in the euro zone.

German chancellor open to talks with Greece after referendum

German Chancellor Angela Merkel played down prospects of a breakthrough with Greece in the coming days, but said she stood ready to restart talks with the government in Athens after a planned referendum on Sunday.

Money can be made from betting on the drachma, Grexit… Armageddon!

Gamblers can typically ‘smell’ the odds of something happening and there’s a theory that betting markets offer a better guide to predicting the non-sporting world better than opinion polls and the mainstream media. Greece, however, is splitting pundits as much as it is splitting citizens of Europe with divisive responses to the question: “Will Greece be forced to leave the Euro?”

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