Latest News from Greece

Fitch: Program review underpins Greek sovereign assessment

Recurrent tensions between Greece and its official sector creditors are already reflected in Greece's sovereign rating, which has been at or below CCC for nearly two years, Fitch Ratings said on Monday.

Mortar shell found in downtown Patra

Police in Patra, western Greece, cordoned off a section of the city center early on Monday afternoon following the discovery of a mortar shell behind a primary cross-connection point on a street corner.

Army explosives experts were expected to collect the mortar and take it to a remote location for destruction.

Turkey arrests 2 pro-Gullen suspects on Greek-Turkish borders

Turkish border police guards detained two Fetullah Terrorist Organization (FETO) suspects and their families close to the Greek border, security sources said on Monday, according to Turkish media. The two former ministry personnel and their families were thought to be fleeing to Greece, the sources added.

List of most ignorant countries in the world

A global study conduced by Ipsos Mori reveals which the most ignorant countries in the world are. The supposedly most ignorant places in the world have been named based on a survey of people’s knowledge about their own country. The 2016 “Index of Ignorance” includes information from 27,250 interviews of people aged 16 to 64 carried out between September and November.

Very old, charming - er - thing goes on display in Athens

A bird-like statuette dating back 7,000 years has mystified archaeologists in Greece who still do not know exactly what it is, or where it came from.

The "7,000-year-old enigma," as it has been dubbed by the National Archaeological Museum, has been put on display until March 26 after being brought from the museum's storerooms.

Greece on track with program but IMF too pessimistic, Dombrovskis says

Greece is on track with the economic adjustment needed to secure the next tranche of its bailout but the International Monetary Fund is failing raise its overly pessimistic forecasts, the vice president of the European Commission said on Monday.

"The program itself is on track," Valdis Dombrovskis said at an event in Frankfurt.

Eurozone growth outlook raised despite 'exceptional risks'

Europe's economic recovery remains on track but vulnerable to the "exceptional risks" of Brexit and the new Donald Trump administration, the EU said on Feb. 13.

Brussels raised its growth forecasts for the eurozone through to 2018 but warned that the European Union as a whole was navigating "choppy waters."

Stournaras says time running out for bailout review talks

Greece's central bank chief urged Athens and its foreign lenders on Monday to complete the country's bailout review by the end of February, saying further delays would undermine the economy's expected recovery this year.

Turkish Cypriot PM slams 'enosis day' celebrations law

Turkish Cypriot Prime Minister Hüseyin Özgürgün on Feb. 12 slammed the Greek Cypriot parliament's recent decision to introduce the 1950 "Enosis day" celebrations in schools as part of the curricula. 

ND leader meets with Merkel in Berlin

Greek opposition leader Kyriakos Mitsotakis has presented German Chancellor Angela Merkel with New Democracy's plan for extracting Greece from its ongoing crisis during a meeting in Berlin according to reports Monday.

Berlin: We can find a productive solution regarding the Greek negotiation

 

Steffen Seibert, spokesman of the German Ministry of Finance, stated that a productive solution on the Greek negotiation is possible.

As he said, the negotiations this Friday is a good opportunity for all sides to find a constructive way to move ahead and send an optimistic message.

Government spokesman blames Schaeuble for review delay

Government spokesman Dimitris Tzanakopoulos has blamed German Finance Minister Wolfgang Schaeuble for the failure to complete the second review of Greece's bailout program.

"Exclusive responsibility for the delay right now lies with [Schauble], with his constant ambivalence and indecisiveness," Tzanakopoulos said in an interview with Newport.gr website Monday.

Disruptions in train services due to work stoppages

Services on Greece's national railway network are set to be disrupted Tuesday and Wednesday due to a series of rolling three-hour stoppages called by unions.

Delays and cancellations are expected to affect passengers using the Athens suburban railway (Proastiakos) and intercity trains, with stoppages taking place 5 a.m. to 8 a.m.and 9 p.m. to midnight.

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