Latest News from Greece
Eurozone, Greece reach deal on return of bailout inspectors
Greece and its European creditors agreed on Feb. 20 to resume talks on what reforms the country must make next in order to get the money it needs to avoid bankruptcy and a potential exit from the euro.
After seven years of bailouts, Greeks sink yet deeper in poverty
Greek pensioner Dimitra says she never imagined a life reduced to food handouts: some rice, two bags of pasta, a packet of chickpeas, some dates and a tin of milk for the month.
Greece May Rely On New Rescue Programme
Greece may rely on a new rescue programme. Athens and the IMF have resolved their differences which will allow the fund to participate in the new loan for the country, reported bTV.
In exchange, the Greek government will have to continue with the unpopular reforms which are causing severe dissatisfaction in the country.
Gov't will pass measures and 'countermeasures,' says minister
Media Minister Nikos Pappas ruled out further austerity for Greece, saying that an agreement with eurozone ministers the previous day was for "zero sum fiscal interventions."
Negotiators to return to Greece
Technical experts will return to Athens to continue negotiations to conclude the country's second review of its third bailout after the government agreed to implement additional measures that will apply from 2019 onward.
Alexis Tsipras to attempt to embellish EuroGroup deal to party members
SYRIZA’s political secretariat is scheduled to convene on Tuesday at 6.30 pm to discuss the decisions reached on Monday’s Eurogroup meeting regarding the new package of measures Greece will be called on to implement and the strategy to follow after the representatives of the country’s creditors return to the table of negotiations.
'Casa nostra, casa vostra'
Thousands of people marched through the streets of downtown Barcelona on Saturday shouting the slogan "Casa nostra, casa vostra" (Our home, your home).
Banking on a change of heart
Greece managed to avoid a serious mishap at Monday's Eurogroup meeting of eurozone finance ministers, an important development given the country's precarious situation: It simply cannot embark on any new risky endeavors or repeat the drama of 2015.
Rome is mere ancient history as Greece comes roaring back
Mary Beard has cornered the market in ancient Rome. But the sun may be setting on her empire as the Greece of Plato and Sophocles is about to make a stirring comeback. Having thrilled theatregoers down the ages and formed the basis for modern soap operas, the stories of ancient Greece find themselves centre stage once again.
Consumer confidence in decline in Q4 of 2016
Consumer confidence in Greece slid three percentage points in the last quarter of 2016 to 53, from 56 in the third quarter, according to the index that Nielsen fields in 63 countries.
This effectively signals a return to 2015, whose last quarter also saw a 53-point reading, and pits Greece among the three most pessimistic countries in the international survey.
Multiple tax burden hurts Greek firms' competitiveness
Greek enterprises are burdened by an exceptionally noncompetitive tax system and the results of this are reflected in the country's economy, according to the monthly bulletin published by the Hellenic Federation of Enterprises (SEV).
Drug sector warns patients will be denied new therapies
Representatives of the pharmaceutical industry have appealed to the Health Ministry not to proceed with legislation that they say will limit access to new therapies.
The bumpy road traveled by the Acropolis Museum
Every so often, Acropolis Museum President Dimitrios Pandermalis will see a familiar face in the crowd. "Some of the people who reacted negatively to the museum's construction are now coming as visitors," he says.
Greece's current account dips into deficit in 2016
Greece's current account deficit grew in December 2016 compared to the same month a year earlier, the Bank of Greece said on Monday, as the surplus of the country's primary income balance shrank.
The data showed the deficit reached 0.93 billion euros from 0.78 billion euros in December 2015.
Slovakia not ready to pay any price for IMF in Greece
Slovakia would welcome the International Monetary Fund's involvement in the Greek bailout but is not willing to pay any price for it, including accepting any debt relief, which Athens does not need, Slovak Finance Minister Peter Kazimir said.