Latest News from Greece

Decline in home rental rates keeps slowing down

The decline in house rents in Greece has slowed down to an annual rate of 3.3 percent in the year to end-August, according to figures released by the Bank of Greece on Monday.

In fuel trading, cheap may mean cheat

More than one in seven gas stations in Greece, or 15 percent, deliver less fuel to their customers for their money, according to a university study, while another report showed that hikes in the special consumption tax on fuel will likely mean that the revenue target will not be met next year.

Corruption debate gets personal

Prime Minister Alexis Tsipras said during the opening Monday of a parliamentary debate on corruption that his government was trying to clean up the mess created by the parties of the opposition, accusing them of perpetuating graft while they were in office.

EuroGroup releases only 1.1bln Euros for Greece

The EuroGroup Ministers have decided to release only a portion of the pending 2.8bln Euro sub-tranche to Greece, as part of the bailout program after meeting in Luxembourg, Monday.

Shifting landscape in the EU after Brexit vote

Who will follow the British in their decision to leave the European Union? And are there likely to be any departures from the eurozone? For Nobel Prize-winning economist Joseph Stiglitz, Italy is the next EU member-state that will be leaving the bloc, while he recommends that Greece and Portugal follow suit.

Moscovici says Greece has met conditions for release of loans

The European Union's top economy official says Greece has met all outstanding conditions required to receive more rescue loans to bolster its debt-strapped economy.

EU Economy Commissioner Pierre Moscovici said Monday that Greece has completed the so-called "milestones" needed for the disbursement of an additional 2.8 billion euros ($3.1 billion).

Watch Live: EuroGroup Ministers arrive in Luxembourg (video)

The EuroGroup Ministers are convening in Luxembourg, Monday to discuss whether the first review of the Greek bailout program, signed in August 2015 with the country’s creditors -the European Stability Mechanism and the EU member-states, will be completed. The EuroWorking Group (EWG) met earlier to decide on if Greece had implemented the 15 prior actions, in accordance to the compliance report.

Bulgaria's Exports to EU Grew, Imports Shrank in Jan-Jul

Bulgarian exports to the EU grew by 4.3% in the first seven months of this year, compared to the same period of 2015, while imports from other member states dipped slightly, statistics show.

Exports amounted to BGN 17.4966 B. The main trade partners included Germany, Italy, Romania, Greece and France, accounting for 64.7% of the exports to EU member states.

Reporters unfurl black banner in front of PM’s office (photos-video)

A group of reporters unfurled a black banner across the railings in front of the Greek PM, Alexis Tsipras’s office in Maxmos Mansion, Monday. The banner read ‘Black has no grading’, which referred to the intended plan by the government to shut down all other national TV stations. The protesters were prevented from approaching the PM’s office by several riot police unit vehicles.

Kotzias blasts EC over ‘Cham’ matter

Greek Foreign Minister Nikos Kotzias blasted the European Commissioner for Enlargement, Johannes Hahn on the “non-existent” “Cham” issue, as Kotzias dubbed the matter raised by the Commissioner recently when commenting on the bilateral relations between Greece and Albania.

Eurogroup to decide on release of further aid to Athens

Eurozone finance ministers were meeting in Luxembourg on Monday to decide whether Athens has made enough progress in implementing reforms to allow the release of the next tranche of bailout funding, worth 2.8 billion euros.

December 7 EuroGroup crucial date for Greece, government source says

December 7, when the final EuroGroup meeting of 2017 is scheduled to tale place, is shaping up to be Greece’s proverbial ‘D-Day’ on the outcome of the whether the IMF will finally participate in the bailout program of the financially struggling country.

US-Russia rift on Aleppo-Mosul line next to Turkey

Following the Russian veto of the U.N. Security Council resolution draft on the aerial bombing of the Syrian city Aleppo, Russian President Vladimir Putin arrives in Turkey today, Oct. 10, to attend the 23rd World Energy Conference in Istanbul. 

The Griffin Warrior

My typical Sunday morning. Browsing through the news. Through commentaries on Turkey, on Greece, on Europe, on the United States, on the world. Trying to absorb and focus. Focus and evaluate. Evaluate and comment.

Win-win or lose-lose

Cyprus settlement efforts have entered a new phase, with the negotiating parties announcing last week that after a month of intensified high-level talks among leaders and chief negotiators, the negotiations would move to somewhere out of Cyprus for talks on territory in November.

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