Latest News from Greece

Costa Navarino eyes boost from sports events

By Stathis Kousounis

The Costa Navarino resort in the southwestern Peloponnese is investing in the development of sports tourism by introducing annual events to attract both Greek and international visitors, enriching its thematic offerings in the process.

Greece Asks IMF to Postpone June 5 Installment, Bundle Payments

Greece submitted a request to the International Monetary Fund (IMF) to postpone the debt repayment due on Friday and pay all its four installments due this month by the end of June.

Bundling multiple payments falling due in the same calendar month is allowed by the regulations of the IMF, but it was used for the last time back in the mid-1980s by Zambia, the BBC informs.

Tsipras to brief Parliament on negotiations

Prime Minister Alexis Tsipras is due to address Parliament at 6 p.m. on Friday with the aim of briefing MPs on the course of negotiations with Greece?s lenders.

His speech will find SYRIZA in a state of anxiety after the details of the proposals made by lenders were made public, underlining that the leftist party will have to cross many of the ?red lines? it had drawn.

The ready cyclist and our great collision

By Nikos Konstandaras

Finance Ministry officials put Germany's WWII debt at 280 to 340 bln

Members of a special committee at the Finance Ministry?s General Accounting Office told the parliamentary inquiry into Germany?s unpaid reparations to Greece that Athens is owed between 280 and 340 billion euros by Berlin.

Almost 2,500 migrants repatriated in May

A total of 2,469 migrants detained in Greece without proper travel documents were returned to their homelands in May, the Greek Police said Thursday.

Athens, Skopje to work on improving trust

A Greek Foreign Ministry official will travel to Skopje in the next few days to discuss confidence-building measures with the government in the Former Yugoslav Republic of Macedonia (FYROM), Foreign Minister Nikos Kotzias revealed on Thursday.

IMF confirms that Greece is to bundle IMF payments for end of June

Greece will bundle its four debt payments to the International Monetary Fund due this month into a single payment now due on June 30, the IMF said on Thursday.

Greece at odds with lenders as time and money running out

With time and money running out, Greece conceded Thursday it has to overcome major disagreements with creditors before it can get its hands on the money it needs to avoid a looming bankruptcy.

Kathimerini: Greece Said to Be Concerned Turkish Stream Might Bypass It

The Greek government is concerned that Moscow might be considering alternative routes for Turkish Stream, which could potentially exclude Greece from the Gazprom-backed gas pipeline project, ekathimerini.com reported on Thursday.

Bloomberg: Greek Groundhog Day Continues with Talks Failing to Break Impasse

Bloomberg news support that PM Tsipras is bringing negotiations with lenders to Greek parliament, with an ultimate goal to devise his next move in the negotiations back-and-forth, after the latest, Wednesday-night talks in Brussels, where a chance for progress was missed.

Guardian: One way or another, a Greek debt writedown will happen

Popular newspaper and website The Guardian states that whatever deal may arise for Greece, there is one point that cannot go unnoticed. Greek debt remains at 180% of GDP and is not viable. In one way or another, the debt haircut has to take place at some point, according to the British newspaper, but such a thing will not be part of the current deal.