Latest News from Greece
Greek bank losses show predicament amid record outflows
By Marco Bertacche & Christos Ziotis
Greek banks, forced into a central bank liquidity lifeline, are poised to report sustained losses as they grapple with record deposit outflows and an economy that plunged into double-dip recession.
ECB says contagion risk exists If Greek deal not reached quickly
By Jeff Black and Alessandro Speciale
Yields on sovereign debt issued by other euro-area countries could rise if an agreement on Greece?s bailout isn?t reached soon, the European Central Bank said.
Ministers mull over incentives for movie magic in Greece
The Greek government is considering action to attract foreign movie productions. “Greece has all the advantages that can render it a unique center of international productions,” said Alekos Flambouraris, State Minister for Co-ordinating Government Operations.
Migrants turn Greek island into 'hellhole' says British daily
Migrants fleeing Syria and Afghanistan have turned the Aegean Island of Kos into a ?disgusting hellhole,? according to Britain?s Daily Mail online edition.
Known for cheap package deals, Kos has witnessed an influx of migrants reaching its shores from Turkey this year.
XTERRA Championships at Lake Plastira on June 20
Registrations are open for the XTERRA Greece Championship due to take place in Greece in June 20, 2015. The official off road triathlon event is taking place for the 3rd consecutive year at Lake Plastira. Athletes can choose between the official Full Distance Race and the Sprint Distance Race. Entry is possible for individuals and Team Relay in both races.
IMF Chief C. Lagarde lashes against Greek optimism
International Monetary Fund (IMF) Chief Christine Lagarde said that Greece had a lot of work to do before a cash-for-reforms deal could be clinched with its creditors from the European Commission, European Central Bank and the IMF.
Lagarde says still much work to do in Greek debt talks
The head of the International Monetary Fund (IMF) said in a German television interview on Thursday that there was still a lot of work to do before Greece and its international lenders could clinch a cash-for-reforms deal.
SETE advises hoteliers to delay signing contracts with “drachma clause”
A déjà vu feeling brings back memories of 2012 as a number of major foreign tour operators are asking for drachma clauses to be included in contracts for the 2016 tourism season. Worried about the uncertainty in Greece, a number of operators want clauses to also contain clauses regarding a possible hotel tax hike, insisting that any additional taxes should be covered by hotels.
G-7 weighs in on Greece as Tsipras government told to be serious
By Ian Wishart
Germany and France told Greece to get serious about striking a deal on rescue aid, as ministers from the world's biggest economies urged a resolution of the crisis to stop it from spilling beyond Europe's borders.
ECB's Nowotny says no to loosening funding for Greece now
A European Central Bank policymaker played down the prospects for an immediate loosening of funding for cash-strapped Greece, saying that when it came to accepting the country's bonds as security for central bank credit, the answer remained no.
Endless confusion and worry
By Costas Iordanidis
Lone wolf syndrome in Turkish foreign policy
Do you know why Turkish President Tayyip Erdo?an has continued to slam the New York Times ever since its recent editorial, accusing it of ?interfering? in Turkish politics and using language like ?Who do you think you are?? and ?Know your place??
Because, as the country heads to critical parliamentary elections on June 7, this kind of rhetoric works in domestic politics.
Telegraph: Would-be asylum seekers now using regular … ferry routes from Turkey to enter Greece!
Why pay thousands of euros to rogue migrant traffickers for a dangerous sea journey aboard a rickety vessel to reach EU territory when you can just taken a … short ferry boat ride to the antechamber of the “promised land”?
OTE planning to hire up to 500 employees
By Vangelis Mandravelis
OTE telecom is planning to hire a few hundred employees, though the exact number will depend on the take-up rate of two voluntary exit programs is has announced and the specialization of the workers who sign up for the deal.