Latest News from Greece
Greece seeks lower surplus targets
Greek Finance Minister Euclid Tsakalotos and Alternate Finance Minister Giorgos Chouliarakis will ask for a lower fiscal target for Greece after 2018 from the representatives of the institutions on Thursday.
Tourism keeps economy going
Despite the excessive taxes imposed on the sector, tourism has been the one industry propped up the Greek economy this year, as other sectors showed signs of fatigue and decline, data presented on Wednesday by the Association of Hellenic Tourism Enterprises (SETE) showed.
Grexit 'won't happen' says Krugman, though it would be best for Greece
Greece would be better off outside the eurozone, American economist and op-ed columnist for The New York Times Paul Krugman told the Athens Democracy Forum on Wednesday.
Responding to a question by executive editor of Kathimerini newspaper Alexis Papachelas, the Nobel Prize-winning economist said: "the question is academic… it won't happen."
Fernandes brings Greece's fourth gold from Rio
Che Jon Fernandes won a gold medal for Greece in the shot put at the 2016 Rio Paralympics on Wednesday. By Tuesday night Greece had collected 11 medals at the Rio Games, four of which are gold, three silver and four bronze. Greece's Paralympics team is the largest yet for the country.
PPC signs Florina plant deal with China's CMEC
China Machinery Engineering Corporation (CMEC) signed a memorandum of understanding on Wednesday with Greece's leading utility Public Power Corporation (PPC) to build a coal-fired plant in northern Greece.
Police sergeant caught with large quantities of cannabis
A 40-year-old police sergeant in northern Greece has been arrested after authorities found four bags of cannabis weighing a bit over 124 kilos in his car trailer.
During a search of his home, investigators also found two Kalashnikov rifles, ammunition, a sword and other weapons.
Cypriot leaders committed to deal, gap remains
The leaders of the Turkish and Greek sides of Cyprus are committed to reaching a peace deal before the year ends, but gaps on controversial issues remain, a United Nations special envoy has said.
Lost generation of refugee children gear up for school in Greece
Nour ran out of the bleak refugee camp, her 6-year-old shoulders weighed down by a brand-new school bag. "Let's go! Let's go!" her classmates cheered, in English, and the children set off on foot to class on the Greek island of Chios, home since their families fled the Syrian war for Europe.
Avramopoulos plays down concerns over EU-Turkey migrant deal
EU Commissioner for Migration Dimitris Avramopoulos has played down concerns over a deal between Brussels and Turkey that was meant to curb the flow of refugees making their way to Europe, while calling for more solidarity among member states on the issue of immigration.
EIB signs loan deal with Eurobank to fund small business
The European Investment Bank (EIB) said on Wednesday it had signed a deal to provide Greek lender Eurobank with a 40 million euro credit line to support small and medium-sized business lending and help the economy's recovery.
The agreement is part of the EIB's "jobs for youth" initiative, offering competitive interest rates to enterprises that promote youth employment.
Anastasiades, Aknci to meet UN chief on peace talks
The rival leaders of ethnically split Cyprus say they will meet with United Nations Secretary-General Ban Ki-Moon later this month to take stock of ongoing reunification talks and ask him to step up his personal involvement in the months ahead.
Anastasiades, Akinci to meet UN chief on peace talks
The rival leaders of ethnically split Cyprus say they will meet with United Nations Secretary-General Ban Ki-Moon later this month to take stock of ongoing reunification talks and ask him to step up his personal involvement in the months ahead.
Greece says to stand up to IMF on demands for labor reform
Greece will tell its creditors it cannot comply with labor reforms demanded by the International Monetary Fund as a condition of its support for the country's third bailout, its labor minister told Reuters in an interview on Wednesday.
Kammenos rejects calls for early elections
Coalition partner Panos Kammenos has rejected conservative opposition calls for an early general election, while adding that the Union of Centrists would be a welcome government partner.
Greece would be better off outside the eurozone, Krugman tells Athens Democracy Forum
Greece would be better off outside the eurozone, American economist and op-ed columnist for The New York Times Paul Krugman told the Athens Democracy Forum Wednesday.
Responding to a question by executive editor of Kathimerini newspaper Alexis Papachelas, the Nobel Prize-winning economist said: "the question is academic… it won't happen."