Latest News from Greece

Bag with two embryos in jars found outside Greek cemetery

Greek police say a black bag left outside a village cemetery in northern Greece contained two jars, each with an embryo in formaldehyde.

The shepherd who found the bag Saturday while tending to his flock in the village of Vryssaki, west of the northern Greek city of Thessaloniki, called police immediately after he opened it.

Schaeuble says Greece has made good reform progress

German Finance Minister Wolfgang Schaeuble was quoted in a newspaper interview on Sunday saying that Greece has made strong progress towards introducing reforms that could lead to the imminent release of further financial support.

Schaeuble says Greece has made good reforms progress

German Finance Minister Wolfgang Schaeuble was quoted in a newspaper interview on Sunday saying that Greece has made strong progress towards introducing reforms that could lead to the imminent release of further financial support.

The 128-page agreement sent by the EU & IMF to the Greek government

This is the new agreement between the lenders and Greece, totaling 128 pages, the terms of which will be included in the bills expected to be voted on in the Parliament. The government is planning a parliamentary crash test in the first ten days of May, so that the Eurogroup on May 22 will have at least a ratification of the staff level agreement.

Athens upbeat that deal will be wrapped up soon

The government was confident on Friday that negotiations with the country's creditors could be wrapped up soon.

Speaking to Sto Kokkino FM on Friday, government spokesman Dimitris Tzanakopoulos said he believed Greek officials and foreign auditors will have finalized "complementary" agreements with Greece's creditors by Sunday.

Cyprus can, so why can't Greece?

Every visit to Cyprus is like a punch to the gut to me, because it reminds me of what Greece could be like if it was free of its hang-ups.

Unreasonable taxation

Through the years of the crisis, it has been proven that overtaxation and foolishly high rates of social security contributions lead to the legitimization and the growth of the black market.

Rather than solving the problem of tax evasion, it is making it even worse as there are entire professions that have realized they cannot survive within the system.

PwC: Reform or forget recovery

The extent of the destruction the Greek economy has suffered in the last few years, also undermining the effort to restructure it, becomes clear when comparing specific data, not on a quarterly or annual basis, but over the longer term.

Turkish-Israeli pipeline deal on the way?

"We could have Israeli gas in Turkey in the next three to four years," said Shaul Meridor, the Israeli Energy Ministry's director general, at the eighth annual Atlantic Council Istanbul Summit. 

Tsipras: Greece is exiting the default chaos; technical agreement to close

 

Greece is exiting the default chaos that New Democracy has caused, Prime Minister Alexis Tsipras on Friday said in Parliament during a debate on the extrajudicial settlement.

Tsipras underlined that since April 7 (New Democracy leader Kyriakos) Mitsotakis and his party have been in a constant vertigo.

Good omens from French tourism market

One of the key objectives for Greek tourism this season is the coverage of losses suffered last year in terms of arrivals and takings from French tourists, and there are already two positive signs in that direction.

Retail sales rise 9.6 pct in February

Greek retail sales by volume rose 9.6 percent in February compared to the same month a year ago after a 0.1 percent decline in January, statistics service ELSTAT said on Friday.

Retail sales were led higher by foods, tobacco, department stores, supermarkets, books, furniture and household appliances, the data showed.

Informal meeting of EU Foreign Ministers to focus on FYROM and Greek-Turkish relations

 

The Informal Meeting of EU Foreign Ministers to be held on Friday in Valletta will focus on key issues of Greek interest, the internal developments in Turkey and Turkey-EU relations, as well as the turbulent situation created yesterday in FYROM.

Greek Foreign Minister Nikos Kotzias arrived late on Thursday in Malta after his official visit to Algeria.

Ex-finance minister speaks out

Former finance minister Yanis Varoufakis presented the "agenda" of his DiEM25 movement in Thessaloniki on Thursday and called on the government to abandon the repayment of Greece's debts to international creditors.

He also proposed a six-point plan that he said would put the country back on the road to economic and social recovery.

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