Latest News from Greece

Racing against both time and Erdo?an on visa free travel

The European Commission has proposed to lift visa requirements for Turkish citizens, arguing that in view of the fast progress currently on show, Turkey could fulfil all necessary criteria by the end of June.

The EU's refugee saga and reenergizing relations with Turkey

Following the heavy hit it sustained after the global financial crisis in 2008, the EU has been challenged with the mass refugee flow since early 2015 which triggered a widespread debate over political stability, security, protection of its external borders and internal cohesion. Especially after the terrorist attacks in Paris and Brussels in November 2015 and March this year, respectively, the

PMI posts rise but remains in recessionary territory

Greece's Purchasing Managers Index (PMI) showed an improvement in April compared to March, but remained below the 50-point level that marks the limit between recession and expansion, according to data compiled by Markit.

German report: Bailout has saved banks, not Greece

Some 95 percent of the 220 billion euros disbursed to Greece since the start of the financial crisis as loans from the bailout mechanism has been directed toward saving the European banks.

Morgan Stanley: Deal between Greece and creditors most probable scenario

Morgan Stanley predicts that Greek bond spreads will fall, if a deal is reached between the country and its creditors, in a report released. The financial company estimates that a possible deal and a completion of the review on the Greek program would lead to a huge surge in the value of Greek bank shares of up to 90%, while it believes the elusive deal will eventually be wrapped up.

Border controls extended as EC sees shortfalls in Greek management

The European Commission on Wednesday proposed the extension of emergency border controls inside the passport-free Schengen area, declaring that the tighter checks were justified by shortfalls in Greece's management of the European Union's external border.

Soccer brings together locals and refugees in northern Greece

The game had passion and intensity while the atmosphere was festive. It was the afternoon of Holy Wednesday at the Municipal Sports Center of Alexandreia in Imathia, northern Greece, and two strong teams were locking horns on the pitch: Megas Alexandros soccer club from Trikala, with a history of 50 years, against a team of refugee men staying at a nearby camp on the former 722 Military Base.

Greece's Energean ups oil production

Greece's sole oil producer, Energean Oil & Gas, has stepped up daily production by about 30 percent since early January, it said on Wednesday, as the debt-ridden country seeks to tap into its limited oil reserves.

New Turkish Cypriot PM 'backs Cyprus peace talks'

The new prime minister of the Turkish Cypriot community, Hüseyin Özgürgün, said May 4 that his government supported the United Nations-brokered peace talks with the Greek Cypriot community to find a peaceful solution to the over-forty-year conflict. 

Greek Dep. Defence Min. Vitsas says country cannot accept IMF demands

Deputy Defence Minister Dimitris Vitsas said the IMF’s demand from Greece to pass the contingency package measures could not be accepted. Vitsas explained during a TV interview on Ant-1 TV, Wednesday morning, that the IMF’s request regarding the contingency measures could not be accepted due to reasons of substance and procedures. ‘You cannot legislate under conditions.

EU Recommends Visa-Free Travel for Turkish Citizens

The European Commission has proposed to the European Parliament and EU governments to scrap visa requirements for Turkish citizens provided that Turkey will fulfil the outstanding benchmarks of its Visa Liberalisation Roadmap.

Pages