Latest News from Greece

Greek PM Tsipras Announces Reshuffle of Cabinet

Greek Prime Minister Alexis Tsipras announced on Friday evening major reshuffles to the composition of his government.

Tsipras has made a total of nine changes to his ministers and alternate ministers, daily Kathimerini informs.

Nobel laureate Stiglitz in Athens, meets with FinMin

Nobel laureate economist Joseph Stiglitz was visited the Maximos Mansion government house on Friday, hours before an expected government reshuffle in Athens.

In the afternoon it was still unknown whether the controversial Stiglitz, whose contacts in the past with former Greek PM George Papandreou had been criticized by SYRIZA, today’s ruling party, would meet with PM Alexis Tsipras.

EU Approves Granting EUR 7 B Bridge Loan to Greece

The EU approved a short-term bridge loan of EUR 7.16 B to Greece, which will allow the country to meet debt repayments to the IMF and ECB, while the agreement on a third bailout is still being ratified.

European Commission Vice-President for the Euro Valdis Dombrovskis announced that all 28 EU member states backed the agreement on a bridge loan, daily Kathimerini reports.

Ecofin releases 7.1 bln-Euro bridge loan to Greece

The European Economic and Financial Affairs Council (Ecofin) has approved a 7.16 bln-Euro bridge loan to Greece, which will allow the crisis battered country to cover its overdue debt obligations over the next 3 months to the IMF, the Bank of Greece and the ECB.

German Bundestag Approves Greek Bailout Agreement

The German Bundestag approved on Friday the terms of the third bailout agreement, which Greece and the leaders of the eurozone had negotiated on Monday.

Germany's lower house of parliament approved the reopening of financial negotiations with Greece with 439 MPs voting in favour, 119 voting against, while 40 abstained, Deutsche Welle reports.

German lawmakers approve Greek bailout plan

The German parliament has approved the Greek measures with 439 votes in favor, 119 votes against and 40 abstentions. After a long session German lawmakers gave the go ahead for the third Greek bailout package. The endorsement of the plan by the German Bundestag Friday follows that of the French and Greek parliaments’ ratification earlier this week.

VIDEO: Merkel explains 'tough' asylum policies to crying girl

German Chancellor Angela Merkel faced a social media storm on July 16 after the release of a video showing her awkward interaction with a crying Palestinian girl threatened with deportation.

Russell Brand brings ‘revolution’ to Greece (vid)

Russell Brand, the English stand-up comedian and actor, is bringing his “Revolution” to Greece.

Bulgaria Will Not Hinder EUR 7 B Bridge Loan to Greece - Finance Minister

Bulgaria will not obstruct the allocation of a bridge loan of EUR 7,160 B to Greece provided that there are firm guarantees enshrined in law that EU countries outside the euro zone will not be directly affected financially by potential unfavorable developments in the country, according to Finance Minister Vladislav Goranov.

Luxury on the high seas in world cruise

Regent Seven Seas Cruises offers a 128-night around-the-world voyageon the Seven Seas Navigator in 2017. The ship debarks from Miami on January 5, 2017, but the price of the cruise doesn’t come cheap with fares starting at $54,999. Fares include meals, shore excursions and first-class air fare with passengers allowed to upgrade to packages that offer more in-depth tours.

Photo going viral: Draghi smiles as Schaeuble looks stern

European Central Bank Chief Mario Draghi raised ELA by 900 bn euros for Greece. He said that there were some who wanted the ECB to terminate it that would have crashed the banking sector… For whom did the bell toll?