Latest News from Greece

Teleconference for Varoufakis in view of upcoming Eurogroup

The Greek Finance Ministry denied on Tuesday that Finance Minister Yanis Varoufakis took part in a teleconference with representatives of Greece's creditors.

Varoufakis reportedly spoke with representatives from the International Monetary Fund, the European Central Bank and the European Commission, in view of a March 9 meeting of eurozone finance ministers in Brussels.

Referendum to be held for Kayaköy

The Fethiye Municipal Assembly will hold a referendum for the proposal of changing the name of ?Kayaköy? to ?Kay? Köy.?

At a meeting, the assembly?s architectural commission chairman Zafer Do?an said Kayaköy was known for its archaeological site and the name change might create trouble in terms of tourism.

EBRD to invest in Greece to 2020

The European Bank for Reconstruction and Development (EBRD) said on March 3 it would begin funding critically needed investment in cash-strapped Greece as Athens nears the end of a massive bailout program.

Weather on Wednesday: Fair with a few scattered clouds

Weather is expected to be fair in most parts of the country on Wednesday, with clear skies and northerly winds, while wind velocity is expected to reach 5 on the Beaufort scale.
In the northern regions of Greece, scattered clouds are forecast and temperatures will range from 02C-14C.

Same weather is forecast in the western regions, where temperatures will reach 18C.

Greece's week before March 9 meeting of euro finance ministers

By Eleni Chrepa

Greece faces another week of hurdles before the March 9 meeting of euro-region finance ministers in Brussels, where they will evaluate the government's list of proposed measures aimed at keeping aid flowing.

Ancient site of Philippi unveils candidature for UNESCO list

The candidature of the ancient site of Philippi in eastern Macedonia, northern Greece, for UNESCO's World Heritage List was revealed at the B&M Theocharakis Foundation in Athens on Monday.

The international organization's list includes 17 Greek sites, among them the Acropolis of Athens. The country's last entry to the list was the Old Town of Corfu.

Greece's bailout extension no panacea for struggling bond market

By Lucy Meakin

One week after euro-area finance ministers agreed to extend Greece's bailout, the nation's government bonds are showing no sign of moving above where they were when the anti-austerity Syriza party was elected.

Greece approved as recipient of EBRD funding through 2020

By Agnes Lovasz & Ian Wishart

Greece, the European Union's most indebted member, will receive financing from the European Bank for Reconstruction and Development through 2020 to promote an economic overhaul.

How to get Greek citizenship, for Greeks living abroad

By Anastasia C. Miliou, Court of Appeals Lawyer

The roots of the Greek family are deep and transcend time. Second and third generation Greeks born abroad keep the customs and tradition of Greece and even speak the Greek language, but this doesn't mean that Greek citizenship is a matter of course.

Eurozone bond yields pinned at lows with ECB eyed

By John Geddie

Most eurozone bond yields held near record lows on Tuesday as investors waited for details of the European Central Bank's trillion euro quantitative easing (QE) programme that kicks off later this week.

Eurostat: More than 1 in 2 young people unemployed in Greece

The euro area seasonally-adjusted unemployment rate was at 11.2% in January 2015, down from 11.3% in December 2014 and from 11.8% in January 2014. This is the lowest rate recorded in the euro area since April 2012. The EU28 unemployment rate was 9.8% in January 2015, down from 9.9% in December 2014 and from 10.6% in January 2014.

Varoufakis to make six reform proposals at Monday's Eurogroup

Finance Minister Yanis Varoufakis says he will present proposals for six reforms at Monday?s Eurogroup.

?I will go with a file of six reform proposals so we can discuss which ones can be implemented immediately,? he told Star TV on Monday night.

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