Latest News from Greece
US Treasury Secretary Jack Lew insists Greek debt must be restructured
US Treasury Secretary Jack Lew insisted Thursday that restructuring is the only answer to Greece's unsustainable debt.
Speaking during an event at the Peterson Institute for International Economics in Washington DC, Lew said that "the only consistent answer to a non-sustainable debt is its restructuring."
What is the most common name in Greece? (maps)
Newspaper Independent published a map listing of the most common names across Europe. The data comes from Wikiwand and revealed that George was the most popular name given to males in Greece, with Maria topping the list for females. John and Konstantinos came in 2nd and 3r, respectively, while Eleni and Katerina made up the top 3 for women.
Greek islanders for Nobel Peace Prize speak to Reuters
For months Greek fisherman Stratis Valamios would steer his boat out to sea, only instead of fish, he pulled out people.
Day after day, rubber boats packed with refugees and migrants would attempt the short but dangerous crossing to Greece from Turkey, even as winter set in and the seas turned rough and winds grew violent.
Revealed incomes to be taxed heavily
Taxpayers who opt to reveal hidden incomes to the authorities will have to part with up to 60 percent of the funds, Kathimerini has learned, as sources say the government and the country's creditors are close to a deal on the framework for the voluntary declaration of incomes deposited at banks abroad as well as in Greece.
Prosecutor wants US suspect to face trial for wiretapping
Prosecutor Maria-Sofia Vaitsi on Thursday proposed that an American citizen, William Basil, be indicted to trial on spying charges in connection with a wiretapping system set up to eavesdrop on top Greek government officials during and after the Athens 2004 Olympics.
Basil, an American agent, left Greece after the wiretaps were discovered in 2006 and his whereabouts remain unknown.
Elusive change
The review of the Constitution is an extremely important process and should not be debased by becoming the subject of PR stunts and cheap boasts.
Judging by the way the matter has been dealt with so far, it appears that yet another opportunity to make some fundamental changes for the better will be allowed to go to waste.
Stricter penalties urged for traffic offenders
A man who seriously injured a mother and her 7-year-old twins on their way to school in a hit-and-run in 2012, received a suspended sentence of six years and seven months from an Athens court this week. But the verdict has drawn the ire of a group that believes offenders are getting off the hook with relatively light sentences.
Jack Lew: “Restructuring is needed in Greece’s debt”
The need for a restructuring of public debt as soon as possible emphasized the United States Secretary of the Treasury Jack Lew, at an event in Washington for a the annual meeting of the International Monetary Fund. Giving an answer to “K” he said: “We have been involved in Greece’s matters and its debts for a long period of time. Thankfully, we are not in a phase of a direct crisis.
Hospital staff protest austerity with black balloons
Hundreds of hospital staff protested cutbacks in Athens on Thursday, some driving ambulance service vehicles and others on motorcycles or horses. The union of hospital workers said the government's promise to hire 4,000 staff using money raised from a recent television license auction was a lie, claiming that any new jobs would be short-term contracts.
Lagarde: Greece hasn’t done enough
IMF chief Christine Lagarde said on Thursday that Greece has more work to do on reforms, essentially confirming fears that the Washington-based organization is not yet prepared to participate in Greece’s third bailout. Lagarde made her remarks ahead of the Annual Meetings of the IMF and the World Bank Group in Washington on Thursday, signaling dismay with European leaders, for not having agreed