Latest News from Greece

University of Crete in global list of top 100

The University of Crete ranked 48th in the Times Higher Education (THE) annual list of the top 100 universities founded in the past 50 years but the Cretan institution was classified significantly lower in a list of the world’s top 400 universities.

Tsipras tries to banish euro doubts

SYRIZA leader Alexis Tsipras attempted on Thursday to quickly kill off any new speculation about whether his party is committed to keeping Greece in the single currency by saying that its aim is to “save the country in the euro.”

Ammunition deal brings EAS closer to survival

Greece’s troubled state-controlled Hellenic Defense Systems (EAS) received a boost Thursday when it signed an 18.5-million-euro agreement to supply 40mm ammunition for the Greek military’s Apache helicopters.

Pollution in Asopos River up to 100 times above safe level

The levels of a potentially carcinogenic form of chromium in the Asopos River in central Greece are 100 times higher than the maximum safety standard, local officials have revealed.

Crackdown on Roma camp reveals suspected looted copper

A police crackdown on three Roma settlements in different parts of Thesprotia, northern Greece, on Thursday led to the detention of six people and to the confiscation of large quantities of copper.

Greek Authorities Also Push Back Refugees - Report

Greece has also committed serious violations against asylum seekers and immigrants entering its territory from Turkey, a new report by Amnesty International has argued.

ELSTAT responds to claims of unreliable statistics

In response to recent reports in the media claiming that unreliable statistics were published by the Hellenic Statistical Authority, ELSTAT and Eurostat, regarding Greece’s annual fiscal figures for 2013 as these showed surpluses in social security funds and local government, the former sought to clarify matters in a statement released on Wednesday.

Nanjing Olympic Flame lit in Athens

By George Georgakopoulos

The Olympic Flame lit again on Wednesday in Athens for the 2014 Youth Olympic Games to take place in Nanjing, China this August, as the weather at the Panathenaic Stadium was kind enough to ensure a glorious ceremony for the people attending, including several hundreds of schoolchildren.

Constancio says banks’ cash calls cut risk of ECB test fail

Jeff Black & Boris Groendahl

European Central Bank Vice President Vitor Constancio said lenders in the region are reducing the risk of failing a balance-sheet review by taking pre-emptive steps to increase capital ratios.

Greece expects to beat 2014 budget target, may issue more bonds

Greece said on Wednesday it expected to beat a 2014 budget target set by its international lenders and may tap bond markets again with an issue of between 3 and 6 billion euros to plug any potential funding gap over the next 12 months.

Greece’s public power marketing bonds in first sale since 2000

Public Power Corp SA, Greece’s largest electricity company, is returning to the bond market for the first time since 2000 as recovery takes hold in the nation that set off the euro region’s debt crisis.

Greek nightclub basements turn focus of tax-evasion dragnets

It’s Saturday night going on Sunday morning at a club near the gated homes of the Greek elite in northern Athens as two men and a woman in business suits push through the crowd and demand to see the cash register.

The manager sighs. It’s the tax man.

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