Latest News from Greece

Finance Minister to renew Greece’s commitments to reforms at EuroGroup

Greek Finance Minister Euclid Tsakalotos will meet with his EU colleagues in an effort to present his government’s renewed commitment, following the cabinet reshuffle, to move forward with the necessary reforms and close the second review by the next December 5, meeting.

Tsipras adds more ministers to 'finish the difficult marathon'

If there is one electoral promise that most political leaders in Greece failed to honor once elected to power, it is the size of their cabinet. As far as I remember, the commitment for a smaller, more efficient and less costly cabinet was the common denominator of all Greek parties' programs.

Russian bid to modernize PPC lignite units

Moscow has proposed bringing Russian equipment for the modernization of the lignite units of Public Power Corporation, just as PPC is planning a strategic cooperation with China Machinery Engineering Corporation (CMEC) for the same project.

EU says it will be Turkey's fault if migrant deal fails

European Commission President Jean-Claude Juncker has said Turkish leaders would be to blame if it walks away from a promise to stem the flow of illegal migrants to Europe if the European Union fails to grant Turks visa-free travel to the bloc. 

In an interview published on Nov. 5, Juncker warned that Turkey was drifting away from democratic values and closer ties with Europe. 

Tsipras looks to 'swift' completion of second bailout review

Greece should complete its second bailout review "swiftly," so that talks on debt restructuring can begin at a meeting of eurozone finance ministers on Dec. 5, Prime Minister Alexis Tsipras told his new cabinet on Sunday.

The toughest challenge

I keep hearing the following phrase: "these guys will never leave," over and over again. Greece is a democratic European state, so they (the government) are bound to leave, just like the ones who will succeed them, at one point. No one can tell exactly when this will happen or in what way. One thing we should have learned by now is that there is little point in making predictions.

Turkish F35 order underlines Greek constraints

Ankara's recent decision to order 24 Lockheed Martin F-35 aircraft has brought to the fore a discussion that has been taking place for some years within the Greek armed forces about how Greece can maintain its deterrent capabilities vis a vis Turkey without entering into an arms race with its neighbor.

It's wait and see for now

Cabinet reshuffles very rarely serve the purpose of solving significant political or practical problems dogging a government.

New Democracy vice-president: Tsipras reshuffles cabinet to give his cronies jobs

In a Corfu press conference Saturday, the vice-president of New Democracy, Adonis Georgiadis, said: “Yesterday’s reshuffle confirmed all of New Democracy’s fears.  The same people were recycled,with very few changes; his ministers’ and deputy ministers’ responsibilities were increased precisely so Tsipras could help out his cronies and manage whatever remaining political time he has left with a

New cabinet faces grueling month ahead

With his new cabinet in place, Prime Minister Alexis Tsipras is expected next week to urge his ministers to move swiftly forward with economic reforms so that Greece and its European partners can launch talks on debt relief and he can signal that the country is turning the corner.

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