Latest News from Greece
Partnership with ANEL is 'temporary, not strategic,' says SYRIZA MP
SYRIZA deputy and former minister Nikos Filis on Thursday said that the leftist party's partnership with nationalist Independent Greeks (ANEL) in the Greek coalition government is "temporary, not strategic."
Golden visa applications for investment in Greece very low
A total of 1,573 Golden Visas had been issued to 3rd country nationals on January 1s 2017, according to Enterprise Greece, the organisation responsible for running the Golden Visa program. The program allows non-EU citizens and members of their families extended visa stays in Greece under the condition they invest over 250,000 euros on property or other activities.
Finance minister plays down suggestions of tension in gov't ranks
Finance Minister Euclid Tsakalotos on Thursday sought to play down suggestions by the conservative opposition that an agreement for new measures at last Monday's Eurogroup had created tension within government ranks.
Turkish survey vessel sailing between Greek islands
In the latest of a series of incidents between Greece and Turkey in the Aegean Sea, Turkish survey vessel TCG Cesme is currently sailing in international waters between Greeks islands and mainland Greece, according to NAVTEX (244/17) -an international safety signal/warning information to ships- issued by the Turkish government on Wednesday.
Athens Blocked by 24-Hour Strike of Public Transport Employees
Public transport employees in Athens are beginning a 24-hour strike on Thursday in order to protest against the plans for the privatisation of public transport vehicles, reported BTA.
Why Greece's crisis has broken all previous records
How unique is the Greek crisis? Two charts tell the tragic tale. The first - from the International Monetary Fund's recent Article IV report on Greece - compares four major economic crises that took place in the developed world in the last 100 years: the Great Depression in the United States, the Asian financial crisis of the late 1990s, the eurozone recession and Greece's long collapse.
Creditors are the main culprits in the Greek crisis
Greece's economic crisis is uniquely deep - deeper than the Great Depression of the last century - because Greece's creditors have been uniquely unhelpful in resolving the crisis.
Austerity not to blame for Greece's poor export performance
The Greek economy is beating records - unfortunately negative ones. The recession has now been deeper, and lasted longer, than any other comparable case one can think of. Only the Great Depression of the 1930s had similar costs in terms of output and employment.
First-aid stumbling block for regional airport delivery to Fraport
The issue of first-aid services is threatening to further delay the delivery date of 14 regional airports to contractor Fraport Greece, currently set for mid-March.
Turkish provocations test Greek resolve
The recent spike in Turkish provocations in the Aegean and incendiary comments emanating from Ankara are aimed at testing Greece's resolve, according to Greek analysts.
Greece okays asylum requests of 10,000 refugees
At least 10,000 refugees, including around 2,000 minors, are expected to remain in Greece over the coming three years as their asylum applications have been approved.
Athens doesn't need to play Erdogan's game
Relations between Athens and Ankara will remain in a critical phase at least until April 16, when Turks go to the polls to vote in a referendum on constitutional reforms, which, among other things, give the president significantly increased executive powers.
Simple math
The Greek government ultimately opted for a compromise with creditors in Brussels, though this was the only thing it could reasonably do without putting the country at terrible risk.
It has nothing to brag about, and especially not with such gusto, as its purported victory is anything but.
Consultative Council on South Gas Corridor To Meet in Baku
The third meeting of the Consultative Council on the project South Gas Corridor will start in Baku on Thursday.
Representatives of the European Commission, Georgia, Turkey, Albania, Bulgaria, Montenegro, Croatia, Italy and Greece will discuss the prospects for transporting 10 billion cubic metres of Azerbaijani gas from the Caspian region to Europe.
Before Merkel talks, Lagarde calls for debt relief, reforms
In comments ahead of a key meeting with German Chancellor Angela Merkel in Berlin Wednesday, International Monetary Fund chief Christine Lagarde sent messages to both Athens and Brussels, calling for a Greek debt restructuring while underlining the need for "significant progress" on reforms.