Latest News from Greece

Archaeologists gain access to third chamber of Amphipolis tomb site

Archaeologists working at the site of Amphipolis, northern Greece, on Friday gained access to the third chamber of the massive tomb.

The site workers entered the chamber after removing a large volume of earth behind a wall bearing the two sculpted female figures, or caryatids, that were uncovered over the weekend.

Greek credit shrinks 4.9 percent year-on-year in July

Total credit in Greece shrank 4.9 percent year-on-year in July, with the pace of decline

unchanged from the previous month, Bank of Greece data showed on Friday.

Credit extended to the government fell by 13.3 percent after shrinking by 14.1 percent in June, the central bank said.

Milan Eurogroup to discuss progress of Greek reforms

Eurozone officials were to meet in Milan on Friday for an unofficial summit where the progress of Greece's economic reform drive is expected to top the agenda following negotiations between Greek government officials and the troika in Paris last week.

Dendias expresses frustration at law banning shops from opening Sundays

Development Minister Nikos Dendias on Friday expressed his aggravation at a decision by the country's highest administrative court to impose a temporary ban on a law allowing shops to open on Sundays, the latest in a series of court rulings that essentially reverse reforms that Greece has pledged to international creditors.

In talks with Draghi, Hardouvelis expresses opposition to third loan program

In talks with European Central Bank President Mario Draghi in Milan, Greek Finance Minister Gikas Hardouvelis has reiterated the Greek government's opposition to the prospect of a third loan program for the country, which is just beginning to see signs of an economic upturn following a recession exacerbated by four years of austerity.

Market shows appetite for bond swap

Government officials described the process of reopening Greek three- and five-year bonds to replace existing treasury bills as “very successful” on Thursday.

Jobless rate remained high in July

The jobless rate in Greece posted a marginal decline in June, according to Hellenic Statistical Authority (ELSTAT) figures released on Thursday, as its seasonally adjusted level came to 27 percent compared with 27.1 percent in May 2014 and 27.6 percent in June 2013.

Stocks lose ground as investors lose interest

Unmoved by the prospect of a likely credit rating upgrade for Greece by Standard & Poor’s on Friday, investors in local stocks were rather bearish on Thursday, while the trading volume was the lowest observed in the last eight sessions.

The Athens Exchange (ATHEX) general index ended at 1,166.60 points, shedding 0.36 percent from Wednesday’s 1,170.85 points.

Caryatids at Amphipolis tomb fully exposed

Archaeologists working at the site of a vast ancient tomb in Amphipolis, northern Greece, on Thursday uncovered the bodies of two sculpted female figures, or caryatids, whose heads were unearthed over the weekend.

The life-sized marble statues flank the entrance to one of the tomb’s underground chambers which archaeologists are carefully exploring.

No time to unravel

Things are becoming increasingly volatile and dangerous in the international arena and Europe is entering a new period of crisis.

Given the uncertainty that prevails on so many different fronts, Greece needs to keep its head down and make sure that it does not enter a period of political instability over the presidential election.

Dip in suicides this year suggests trend has ‘peaked’

The number of suicides recorded in Greece in the first eight months of this year was marginally down from the same period last year, according to two nongovernmental organizations which provide support to depressed and homeless citizens.

Six members of international passport forgery ring arrested in Greece

A joint operation between the police forces of Germany, Greece, France, Spain, Portugal, Sweden and the Czech Republic, supervised by Europol, led to the arrest of 38 people believed to belong to a European-wide ring producing and distributing forged passports and other identification documents.

Six of the arrests were made in Greece.

Volos man faces charges for killing dog with unlicensed gun

A 59-year-old man has been arrested and faces charges of animal cruelty and illegal weapon possession in Volos, central Greece, after allegedly killing a dog.

The suspect is said to have shot the dog with a hunting rifle for which he does not have a license.

No explanation was given as to why he killed the animal.

Encouraging signs

Wednesday turned out to be a particularly good day for Greece with regard to the operations of the European Union.

The country’s commissioner, former Defense Minister Dimitris Avramopoulos, was assigned a significant and – as it turned out – reinforced portfolio.