Latest News from Greece
G7 finance chiefs discuss growth risks, urge deal on Greece
By Gernot Heller & Paul Carrel
Finance chiefs from the Group of Seven economic powers met on Thursday to discuss how to revive a faltering global recovery, with the United States leaning on Europe to reach a deal to avert a Greek bankruptcy.
EU says Greek deal 'not there yet'
The European Union poured cold water Thursday on Greece's claims that a deal on its bailout was near, insisting that more progress was needed in talks between Athens and its creditors.
"We're not there yet. There are open issues which need to be resolved," European Commission spokeswoman Annika Breidthardt told reporters in Brussels when asked about the talks.
Greece aims to have bailout deal by Sunday
Greece says it aims to clinch by Sunday a deal with creditors to get more rescue loans.
Government spokesman Gabriel Sakellaridis told reporters at a briefing on Thursday that "we are going into these negotiations with the aim to have a deal by Sunday."
Greek coast guard picks up 216 migrants in eastern Aegean
Greek authorities say the coast guard has picked up 216 people in the Aegean Sea who entered the country illegally by sailing from the Turkish coast to nearby islands overnight, raising the total this week to more than 1,500.
IMF's 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 May 28 that there was still a lot of work to do before Greece and its international lenders could clinch a cash-for-reforms deal.
To Potami pledges to back loan
Greece's fourth-largest party, pro-EU To Potami, on Thursday pledged to back a new deal between the country and its creditors that could face a rocky ride through parliament.
"Whichever agreement comes to parliament, all To Potami lawmakers will vote for it, without haggling, because the country needs oxygen," party leader Stavros Theodorakis told Skai TV.
Make way for Chinese tourists to Greece!
China’s ambassador to Greece Zou Xialoi said on Wednesday that there are strong prospects between Greece and China in the tourism sector during his speech at the Posidonia Sea Tourism Forum on Wednesday. He underlined that there is prospect for a further increase in flows between both countries.
ECB working on the assumption that Greece won't leave euro, says Constancio
The European Central Bank is working on the assumption that Greece won't leave the euro, the bank's Vice President Vitor Constancio said on Thursday.
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.