Latest News from Greece

Merkel, Hollande to meet with Tsipras in Riga

Published by Protothema on Tue, 05/19/2015 - 16:32

Greek PM Alexis Tsipras will be meeting with German Chancellor Angela Merkel and French President Francois Hollande, in Riga, Latvia, during the Summit.

Merkel and Hollande stated that negotiations with Greece must be sped up, during a meeting in Berlin on Tuesday, while the French President underlined that Greece’s place is in the Euro.

Greek coast guard rescues 38 migrants off western coast

Published by Kathimerini on Tue, 05/19/2015 - 15:26

The Greek coast guard rescued 38 migrants Tuesday found on a small boat off the country's western coast in the Ionian Sea, following a search and rescue operation launched after one of the passengers called authorities for help.

Costa-Gavras honored in Cannes

Published by Kathimerini on Tue, 05/19/2015 - 14:26

Acclaimed French-Greek filmmaker Costa-Gavras received a standing ovation at an official screening of a restored version of his 1969 ?Z? at the Cannes Film Festival late on Monday.

EU says progress in talks with Greece is slow

Published by Kathimerini on Tue, 05/19/2015 - 13:46

Progress in talks between Greece and its creditors on more funding is slow, the European Commission said on Tuesday, denying the existence of a new proposal reported by the Greek press that would give Athens cash on more favorable terms.

Euro plunges as ECB official pledges to speed up bond purchases

Published by Kathimerini on Tue, 05/19/2015 - 12:13

By Anooja Debnath

The euro tumbled the most in two months against the dollar after a European Central Bank official said the bank will speed up its bond-buying program before an anticipated mid-year lull.

Stiglitz calls Greece's euro exit 'really serious' for Europe

Published by Kathimerini on Tue, 05/19/2015 - 12:05

Greece's giving up the euro would be "really serious" for Europe, Nobel laureate Joseph Stiglitz said.

"If Germany and the rest of Europe refuses to change the program, I think there's no alternative" to Greece pulling out of the single currency, Stiglitz told Francine Lacqua in a Bloomberg Television interview on Tuesday.

Merkel seeks to head off party revolt against Greek compromise

Published by Kathimerini on Tue, 05/19/2015 - 11:59

By Rainer Buergin, Birgit Jennen & Arne Delfs

German Chancellor Angela Merkel is trying to head off a potential revolt from as much as a third of her bloc's lawmakers as she tries to up line support for a compromise deal with Greece, party officials said.

Greece at Eurovision semi-finals on Tuesday (Watch live with us)

Published by Protothema on Tue, 05/19/2015 - 11:33

The Greek Eurovision team is in Austria about to draw “One Last Breath” with its entry for Greece. There will be a direct link from the Stadthalle in Vienna so that Greek audiences can enjoy Maria Elena Kyriakou at the semi-finals of the 60th Eurovision Song Contest at 11 p.m. on Tuesday with hopes that she’ll make her way to the finals on Saturday.

“Legalize it!” say organizers of 1st Cannabis Festival (photos)

Published by Protothema on Tue, 05/19/2015 - 10:11

The 1st Cannabis Festival aimed at legalizing cannabis use in Greece was rendered a success on May 9. An international conference is being organized under the aegis of the Radical Left Coalition (SYRIZA) government. Greek pro-cannabis activists point that legalization of the drug would only benefit the national economy, lining state coffers.

Labor minister sees deal within coming days

Published by Kathimerini on Tue, 05/19/2015 - 09:26

Greece's labor minister said on Tuesday Athens would soon conclude a deal with its foreign creditors that could unlock further loans to the cash-starved country.

Greece's new government has been in talks with its European Union and International Monetary Fund lenders over the past four months about the release of around 7.2 billion euros ($8.1 billion) in aid.

Greek leaders say deal is within reach amid creditor doubts

Published by Kathimerini on Tue, 05/19/2015 - 09:10

By Nikos Chrysoloras

Greek leaders expressed optimism a deal to unlock bailout funds is within reach, in the face of continuing warnings by creditors that the country has yet to comply with the terms of its emergency loans.

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