Latest News from Greece

Tsipras, Merkel discuss Turkey as Cavusoglu comments spur Kammenos tirade

As Prime Minister Alexis Tsipras discussed the refugee crisis and EU-Turkish relations with German Chancellor Angela Merkel in a scheduled phone conversation on Thursday, Ankara ratcheted up the rhetoric, with its Foreign Minister Mevlut Cavusoglu claiming that the "Imia islets are Turkish land."

No ferries for two days and seamen walk off the job

Ferries will remain docked in ports across Greece on Friday and Saturday as seamen stage a 48-hour strike in protest at the latest round of cuts to pensions and job insecurity.

Kammenos sends stern message to Ankara from Greek army border outpost

Defense Minister Panos Kammenos on Thursday sought to send a stern message to Turkey and other countries questioning Greece's territorial integrity, declaring during a visit to military outpost near the Albanian border that Greece "will not accept such provocations" and saying he would stay the night at the outpost to underline the "fortified presence" of the Greek military.

NBG hires Morgan Stanley, Goldman as sale advisers

National Bank (NBG) has hired Goldman Sachs and Morgan Stanley as advisers on the sale of a stake in its insurance subsidiary Ethniki Insurance, banking sources close to the procedure said on Thursday.

Founded in 1891, Ethniki Insurance is the oldest insurer in Greece and is fully owned by NBG.

School girl praised after returning fat wallet

Police in Serres, northern Greece, on Thursday sang the praises of a middle-school student who handed in a wallet containing nearly 3,400 euros.

Police described the young girl as a "role model" and said that when she was informed she could keep the money if the wallet's owner could not be traced, she asked that it be donated to a charity.

Socar says other plans in Greece won't be affected by DESFA

Azeri state energy company Socar said on Thursday its failure to reach an agreement on buying a 66 percent stake in Greek gas grid operator DESFA would not affect its investment plans in Greece and the region.

The Greek Energy Ministry had said on Wednesday Socar's proposal to reduce the price of the 400-million-euro deal was unfeasible.

[Reuters]

Imia are 'Turkish soil' says Turkish FM, prompting Greek reaction

Turkey's Foreign Minister Mevlut Cavusoglu on Wednesday referred to the eastern Aegean Imia islets as "Turkish soil."

Cavusoglu was responding in writing to a question tabled by a Turkish MP regarding the status of islands and islets in the Aegean.

Moscovici: Still work to be done for deal on Greek reforms next week

Talks between Greece and its European Union creditors are progressing but work is still needed to reach a technical deal on Greek reforms, the EU commissioner for economic affairs said on Thursday.

"The discussions continue, the positions are getting closer, but there is still work to be done," Pierre Moscovici told a news conference in Brussels.

Tsipras-Merkel phone contact

Greek PM Alexis Tsipras contacted German Chancellor Angela Merkel over the phone and discussed had a phone contact. The two leaders touched on the matters the EU-Turkish relations in light of the developments on the Cypriot negotiations and the implementation of the refugee agreement. The Greek PM also brought up the increasingly aggressive rhetoric on the part of Turkey against Greece.

Running out of gas in Germany is illegal! Bizarre laws from around the world! (photos)

“Ignorantia juris non excusat”, is a Latin legal principle adopted by most western countries, passed down by the Roman law tradition. It simply means that if someone is ignorant of the laws of the land, they are not excused. So whenever you plan on traveling around the world, you better do a crash course on the country of destination you plan to visit.

Imia are 'Turkish soil' says Turkish FM

Turkey's Foreign Minister Mevlut Cavusoglu on Wednesday referred to the eastern Aegean Imia islets as "Turkish soil."

Cavusoglu was responding in writing to a question tabled by a Turkish MP regarding the status of islands and islets in the Aegean.

Eurozone unemployment rate edges down further

The unemployment rate in the 19-country eurozone edged down further in October, to 9.8 percent from 9.9 percent the previous month.

Statistics agency Eurostat said Thursday that the number of people out of work fell by 178,000 over the month.

Turkish Foreign Minister: Imia is Turkish land

In the latest series of provocations against Greece, Turkish Foreign Minister Mevlut Cavusoglu claimed the island of Imia in the Aegean Sea belonged to Turkey, in a written response to a Turkish MP’s question in the country’s national assembly, Wednesday. “There is no change in our policy regarding Imia. Imia is Turkish land”, the Turkish Foreign Minister said.

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