Latest News from Greece

Tips for travelers: Your Greek crisis survival guide

The Greek government on Sunday announced a bank holiday until …July 7 as a necessary measure to combat the possibility of a bank run — one of the “results” of a surprise late-night announcement of a referendum by the Greek premier. What does this mean for travelers?

Spain confident Greek debt deal can still be reached

Spanish Economy Minister Luis de Guindos said Monday he expects Greece will be able to reach an agreement with its bailout creditors before Tuesday night when its existing aid programme ends.

Greece crisis is paralyzing Europe, ABB chief says

The world’s largest maker of power grids, Switzerland’s ABB Ltd., said the intensifying standoff between Greece and its debtors is hurting the European economy as companies hold back investments.

Britain's FTSE slips on Greek jitters

Britain's top share index fell sharply on Monday, with investor sentiment punctured by Greece's deepening debt crisis following the breakdown of talks with creditors and Athens' imposition of capital controls.

50 shades of Greek crisis: From 'debt slavery' to promised …salvation! (photos)

“It was the best of times, it was the worst of times,” wrote Charles Dickens in “A Tale of Two Cities” and this quote may well apply to Athens right now, as two worlds are on a collision course:

Yes vs. No, Greece vs. Creditors but NOT Drachma vs. Euro (though it could be!) 

Cameron sees Greece leaving euro in event of referendum no vote

British Prime Minister David Cameron said on Monday he thought it would be hard for Greece to stay in the single currency if Greeks voted to reject a deal from international creditors in a forthcoming referendum.

EU's Moscovici Says New Proposal to Greece 'Due Monday'

Greece will receive a new bailout proposal from the EU Commission later on Monday, AFP says, citing Economic Commissioner Pierre Moscovici.

In his words, everybody still hopes that a compromise might be in place before Athens is forced to default on its debts on June 30, when a payment to the IMF is due to fall.

 

Greece's Banking Restrictions 'Not to Affect Bulgaria'

The decision by Athens to shut down banks in the country this week has no legal force outside Greece and cannot be applied to Bulgaria, the Bulgarian National Bank (BNB) has said.

Greece orders banks closed for a week after run on ATMs

Greece announced early June 29 it will shut banks for a week and impose capital controls, pleading for calm after anxious citizens emptied cash machines in a dramatic escalation of the country's debt crisis.

Greece, EU duel over referendum as crisis deepens

Greek and EU leaders have voiced contradicting messages about the upcoming referendum on the bailout package, as Greece struggled to adjust to shuttered banks, closed cash machines and a climate of rumors and conspiracy theories. 

Free public transport for everyone!

Greek Transport Minister Christos Spirtzis said on Monday that means of transport in Athens will be free from June 29 to July 6.

The decision will be announced later on Monday to facilitate citizens and will concern the metro, buses, trains and the electric trains but not the suburban train.

Moscovici: The EC to campaign for Greek “Yes” vote

EU Economics and Monetary Affairs Commissioner Pierre Moscovici said on Twitter on Sunday that Greece can still restart negotiations with its creditors. Furthermore, he told French RTL radio on Monday that a deal between Greece and its creditors is “only a few centimeters away”, while insisting that the country should stay in the Eurozone.

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