Latest News from Greece

Krugman: Puerto Rico in far better position than Greece

Nobel laureate Paul Krugman writes in The New York Times that while Puerto Rico missed a bond payment, with many comparing it to Greece the two are very different cases.

Greek contingency plan aimed at corrupt German companies

Greece had a contingency plan to open corruption investigations into German companies so as to “raise the cost of rupture” for Greece’s creditors. The targeted companies included Siemens, Lidl and Allianz.

Greek stocks plunge 22 percent as bourse reopens

Greece's stock exchange reopened August 3 with a drop of more than 22 percent after a five-week shutdown imposed by the country's debt crisis and capital controls.

Greek minister promotes collaboration in international culture dialogue

Alternate Culture Minister Nikos Xydakis represented Greece in the international conference “Culture: an instrument of dialogue among peoples”, organized by Italy in the premises of the International Exhibition of the Milan Expo 2015. The conference had the participation of eight three countries and Xydakis had the opportunity to promote cultural partnerships.

Greek bailout talks: Corruption and privatization on the agenda

Greece and its creditors (EC, ECB, IMF and ESM) will focus on issues concerning corruption and justice on Monday. Government sources said that the issues are to be discussed at a technical staff level.

Turkey wins silver at U18 European Championship

Turkey lost in the final of the U18 European Championship 64-61 to hosts Greece in a hard-fought game on Aug. 2 that came down to the wire. 

Bloodbath as ATHEX resumes trading after five weeks

The Athens Stock Exchange opened after a five-week suspension in Greece with the Athex Composite plunging to 20% at 615.12 when it resumed trading at 10.30 a.m. The falls are even steeper in financials with decreases as much as 30%. The full extent of the losses will be revealed after a few hours of trading.

Troika’s third bailout planted with explosive tax and labor mines

Huge changes to taxation and labor issues are on the “menu” in talks between Greek officials and representatives of Greece’s creditors from the European Commission (EC), European Central Bank (ECB) and the International Monetary Fund (IMF) joined by the European Stability Mechanism (ESM).

Greek statistics chief steps down as talks underway: Read his statement

Veteran International Monetary Fund statistician Andreas Georgiou was appointed head of Hellenic Statistical Authority (ELSTAT) in 2010 in an effort to restore credibility to Greek statistics after the debt crisis erupted. On Sunday, he stepped down, informing Finance Minister Euclid Tsakalotos of his decision not to accept the extension of his term effective on that day.

Blue moon beyond borders

Leros is quiet and tranquil. The little seaside cafes are not crowded; there is a fresh breeze. It is nice to be away from Bodrum's maddening crowd and traffic, all so unbearable with late July's suffocating heat wave.

Canada PM calls Oct 19 election, focus on sluggish economy

Canadian Prime Minister Stephen Harper on August 2 called a parliamentary election for Oct 19, kicking off a marathon 11-week campaign likely to focus on a stubbornly sluggish economy and his decade in power.

Polls indicate that Harper's right-of-center Conservative Party, which has been in office since 2006, could well lose its majority in the House of Commons. 

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