Latest News from Greece
A recession cure? Florina man builds, markets his own kit plane!
Here’s a stellar example of extreme innovation and a start-up spirit in the face of a punishing economic crisis: a local man in Florina, northern Greece, has built his own kit airplane!
The rear-propeller driven “Archon SF1” is the product of …thousands of work-hours and 3,000 modifications from the initial design.
Greece to keep repaying creditors as long as it can: Official
Struggling Greece will keep on repaying for as long as it can its EU-IMF creditors, who have demanded reforms and withheld release of the country's remaining bailout funds, a spokesman said on May 25.
"To the extent that we are able to pay, we will keep on repaying these obligations," government spokesman Gabriel Sakellaridis told reporters.
Euro weakens on Greece as emerging stocks, Spanish bonds decline
By Emma O?Brien & Nick Gentle
The euro weakened after Greece told creditors to lower demands that are holding up bailout funds. Emerging-market stocks fell as speculation grew the U.S. was moving closer to raising interest rates, while Poland?s zloty slid to a two-month low and Spanish markets dropped.
Ancient Greek Sandals joins forces with Lalaounis Jewellers (photos)
Christina Martini worked with famous fashion houses such as Missoni, Balenciaga and Louis Vuitton before deciding to combine her life for Ancient Greece with shoe design to create Ancient Greek Sandals. Inspired by antiquity she created innovative designs that have rapidly grown to become must-haves for international celebrities.
Greece to question Syrian over Turkey-bound bullet haul
Greek investigators were to question May 25 a Syrian caught trying to sneak tens of thousands of bullets into Turkey, a police source said.
The 28-year-old man was detained over the weekend at the Kipi customs post in Evros, the northernmost part of Greece, after police foud parcels of bullets concealed in special caches in his car.
Brussels Group talks to resume Tuesday with VAT, pension topping agenda
Negotiations between Greece and its lenders are due to resume via the Brussels Group on Tuesday.
The two main issues that the technical teams have to tackle are value-added tax and pension reform.
On VAT, the institutions propose that there should be two rates, one at around 23 percent and another at 10. Greece has proposed three rates: 23, 14 and 7.