Latest News from Greece
Turkey will not abandon its guarantor role in Cyprus: Minister
As the leaders of divided Cyprus settled down for a week of intense talks on Jan. 9, seeking to reach the outline of a peace deal to end decades of separation, Turkish Foreign Minister Mevlüt Çavuşoğlu has vowed that Ankara would never withdraw from its guarantor position on the island.
Greece: A lethal cocktail of Christmas bonuses and poor management
The Greek government's decision to pay out over 600 million euros to the country's pensioners in the form of a Christmas bonus shows up the weaknesses of its financial management system.
Cyprus leaders seek deal in 'historic opportunity' for peace
The leaders of both sides of ethically divided Cyprus have sought to temper hopes of a swift breakthrough in unification talks that started on Monday, initially focusing on how to handle property disputes stretching back more than 40 years.
Tsakalotos to meet Sapin, Moscovici ahead of Euro Working Group
Greek Finance Minister Euclid Tsakalotos is to meet with his French counterpart Michel Sapin and European Economic and Monetary Affairs Commissioner Pierre Moscovici ahead of a Euro Working Group meeting on Thursday.
Arctic weather in Greece: Serious problems from the snowfall and the frost! (PHOTOS)
The island of Alonnisos has no power and Skopelos is almost buried under 1,5 meters of snow, while at Kimi there are tens of villages cut off. At the island of Oinousses there is no telephone connection for four days and in Crete the snowfall has created serious problems too.
The four basic positions of the Greek side regarding the Cyprus negotiations
The Greek Prime Minister Alexis Tsipras is meeting the leaders of the opposition political parties to inform them of the four main positions of the Greek side in the Geneva negotiations in the coming Thursday, 12th of January.
Cyprus talks in a sore spot
After so many rounds of talks and numerous declarations of great success or announcements of breakthroughs, the Cyprus talks train finally came to a very important station. Some claim this will be a make-or-break event, while some act with awareness of the history of the problem, which is now more than half a century old, and say Geneva is not the end of the road.
Break over, work on review can resume
Many pupils around Greece will be feeling deflated on Monday as they head back to school and renewed obligations after a carefree two-week break. It will be of little consolation to them that many Greek government officials are likely to share the same sense of disappointment and trepidation as they resume discussions with the country's creditors.
China extends penetration of Greek market
Chinese enterprises are showing an increased interest in Greece, as not only does the country offer them an entry gate to the eurozone and the rest of Europe, but it's also a relatively new market for them.
Greece has one of the world's six highest unleaded gasoline rates
Soaring fuel prices in Greece have put the country in the unenviable position of being among the six most expensive in the world for unleaded gasoline, and are set to have multiple consequences on the entire production chain. The latest tax assault on fuel consumption has also placed it among the 15 most expensive countries in the world when it comes to diesel.
Low temperatures and snowfall all over Greece!
The snowfall and the low temperatures have created problems all over Greece. Many roads have closed and mountain villages have been cut off.
In Thessaloniki the temperature reached -8 caused water pipelines to freeze cutting water supply to many thousands houses.
Heavy vehicles are not allowed to move for safety reasons at least until Monday morning.
'Historic' Cyprus peace to resume in Geneva
The two leaders of the eastern Mediterranean island Cyprus will resume United Nations-brokered peace talks in Geneva on Jan. 9 amid suggestions by the new U.N. chief the meeting represents a "historic opportunity" to end a decades-long conflict on the island even though the outcome is far from certain.
Bid to restart bailout talks as QE, IMF fate unclear
With a meeting of eurozone Finance Ministry officials scheduled for Thursday, Greek and European officials aim to unfreeze stalled bailout negotiations even though key decisions vis-a-vis Greece's inclusion in the European Central Bank's quantitative easing program and the International Monetary Fund's participation in Greece's third bailout appear far from imminent.
The inevitable truth
Like it or not, the discussion on whether Greece would be better off with its own currency will flare up again. All around us we hear people questioning whether the current situation is sustainable, pointing to the fact that overtaxation is strangling households and the economy, and generating a sense that the country is in a black hole.
Collision course
It cannot be disputed that Greece is dragging its feet.
Everyone knows it, everyone feels it, even those who refuse to admit it for purely political reasons.
Prime Minister Alexis Tsipras and his cabinet belong to the latter category, even though the facts, the figures and, generally speaking, the country's overall image constantly refute their claims to the opposite.