Latest News from Greece

Greek Parliament Approves Government's Bailout Reform Proposals

The Greek Parliament approved on Saturday the latest reform proposals, which the government in Athens submitted to the eurozone late on Thursday.

The proposed package of spending cuts, pension savings and tax increases, which Greece has to fulfill in order to be granted further bailout, garnered an overwhelming parliamentary support.

Judgment Day: Eurogroup meeting on Greece likely to bring deal

Eurozone finance ministers meet on July 11 in Brussels to discuss the Greek governent’s request for an aid program. The meeting is held in the wake of a vote on the proposal in Greek Parliament where 251 lawmakers gave Prime Minister Alexis Tsipras crucial approval for the 13 billion euros worth of austerity measures to obtain a third bailout program for Greece.

Resounding …'yes' vote by Greek MPs to agreement with creditors

Greece’s Parliament has authorized the SYRIZA government to sign an agreement with creditors and avert a meltdown of the country’s eurozone membership, with an unprecedented early morning vote drawing cross-party support for a deal.

Turkey's new page with the EU and Cyprus

?Turkey?s foremost priority, as a European country, is to continue its relations with the EU, being well aware that it is a great European state. Turkey will find its place in that world.? 

These words were uttered by a high level official in Ankara who I had a conversation with last week.

Slightly secluded but cosmopolitan Folegandros a repeat favorite

Folengandros: It’s a quintessential Greek holiday island, replete with the archetypical  arid landscape and white-washed houses with a clear blue Aegean Sea in the backdrop.

Yet for its many admirers, the western Cyclades isle has a charm that is timeless.

White House welcomes Greek govt proposal

The White House said on Friday it welcomed the latest proposal by the Greek government to resolve its “euro crisis” and that it was something for that country’s creditors to weigh.

“We are pleased to see that Greece has taken the step of putting forward a specific proposal, but it’s one that their creditors will have to evaluate,” White House spokesman Josh Earnest told reporters.

Juncker refers to 35 bln euros ready for ‘direct injection’ into Greek economy

Centrist Potami (River) leader Stavros Theodorakis was received in Brussels on Friday by EU Commission President Jean-Claude Juncker for a nearly two-hour meeting.

In statements afterwards, Theodorakis told reporters that Juncker believes the last Greek proposal is a “sufficient basis for negotiations”.

Eyes on Europe over Greece debt meeting

After Greek Prime Minister Alexis Tsipras' administration handed the package to eurozone partners just two hours before a midnight deadline on July 9, eyes are now on how European Union members and accompanying institutions will assess the package. 

Fitch Ratings: There could be a Grexit

The head of the international states department at Fitch ratings agency, James McCormack said it will still be difficult for Greece to reach an agreement with its creditors, even as Greek MP Alexis Tsipras offered to meet most of their demands.

Putin: Greece did not ask for help

Russian President Vladimir Putin, during a press conference was categorical when asked whether Greece had asked for economic help from Russia. He said that Greek PM Alexis Tsipras never asked him for any financial assistance during their meetings over the last period. He added that it was wrong to lay all responsibility of the crisis solely on Greece.

Mediterranean migrant crossings to Europe hit 150,000 in 2015: IOM

Some 150,000 migrants and refugees have so far this year made the perilous journey across the Mediterranean to Europe, and more than 1,900 of them have died, the International Organization for Migration said on July 10. 

National Council on Foreign Policy on July 22

In light of the recent and imminent developments in the western Balkan peninsula, the Foreign Minister of Greece, Nikos Kotzias has called a National Council on Foreign Policy for the 22nd of July. Nikos Kotzias is scheduled to visit a number of western Balkan countries in the upcoming days. The Council will take place after his visit to Bosnia-Herzegovina.

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