Latest News from Greece

Varoufakis to Take Part in Meeting of Eurozone Finance Ministers

Greek Finance Minister Yanis Varoufakis has received the support of PM Alexis Tsipras to participate in the upcoming meeting of the finance ministers in the Eurozone.

The statement was made by Government Spokesperson Gabriel Sakellaridis, as reported by Katimerini daily newspaper. He announced that the Finance Minister has always had the full support of PM Tsipras.

Tsipras, Merkel discussed state of negotiations, says official

Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel held a phone conversation on Monday night to discuss ongoing talks with international creditors, a Greek government official said on Tuesday.

Greek debt talks progressing, no breakthrough yet, says Austrian FinMin

Greece's debt talks with international creditors are making progress but have not yet produced a breakthrough, Austrian Finance Minister Hans Joerg Schelling said on Tuesday, adding he could not tell if a deal was in reach next week.

EC says 0.5% Greek growth in 2015 and debt at 180.2%

Brussels warned on Tuesday that if Athens continues on the current course there will be no growth in the coming year and a return to soaring national debt levels after slashing forecasts for Greece.  The European Commission’s forecasts, based on the status of bailout talks two weeks ago, dependent on Athens reaching a deal to secure €7.2bn benchmarked for the country in bailout financing by Jun

Dragasaki offers Draghi 14-bln-euros worth of austerity

Deputy Prime Minister Giannis Dragasakis is unveiling new measures during his meeting with European Central Bank Chief Mario Draghi in Frankfurt on Tuesday in an effort to unlock funds required for Greece. The new measures are aimed at yielding 10-12 bln euros worth of revenue  over the next two years, whereas cutbacks worth 1-2 bln euros will also be presented.

Delivery Hero buys out Turkey's food ordering firm Yemeksepeti for $589 million

Delivery Hero, the Germany-based online food ordering giant, has acquired Turkey?s Yemeksepeti, the leading local firm in the business, for $589 million, the companies announced on May 5. 

Yemeksepeti CEO Nevzat Ayd?n told Hürriyet that he will remain in his post as he will also be part of the management team of Delivery Hero. 

Margaret Poulos, the one Varoufakis left behind (photos)

They met at the start of 1990 in Sydney, Australia, when she taught economics at the University of Sydney. They wed in Athens in 2001. Australian Financial Review writes that the marriage collapsed due to different ambitions and geography.

Bulgaria-Greece migrant barriers force riskier routes (video)

An article in Euronews, titled “Is Bulgaria’s Border Wall Forcing Migrants to Risk Deadly Crossings?”, states that the numbers of migrants entering Greece and Bulgaria by land from Turkey have decreased over the last two years after both countries increased border security.

Greeks bet 5.9 billion euros on games of chance last year

By Vangelis Mandravelis

Greeks placed 5.9 billion euros' worth of debts on games of chance in 2014, showing a rise of 9 percent compared to the year before, data published by the Gaming Commission (EEEP) show.

Dozens of migrants rescued at sea

The Greek coast guard and port police rescued dozens of migrants in six separate incidents over the course of less than 24 hours, the Athens-Macedonian New Agency reported on Tuesday.

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