6.1 magnitude quake strikes off Crete, no injuries
A 6.1-magnitude earthquake struck under the Mediterranean seabed east of Crete on Thursday, but local authorities said there were no immediate reports of injuries or […]
Month: April 2015
Tsipras remains optimistic on Greece’s outlook: “Many points of convergence, four points of disagreement”
Greek Prime Minister Alexis Tsipras told Reuters on Thursday he was “firmly optimistic” his government would reach an agreement with its creditors by the end […]
Gavdos immigrants to be issued with travel documents
More than 150 migrants who were rescued on the island of Gavdos were transported by ferry boat to Athens from Crete and were released in […]
Value of illicit trade in Greece stands at €3.6 bn a year
Organized crime in Greece generates a little under 3.6 billion euros per year, with contraband products playing a major part, according to a European Commission […]
IMF has made €2.5 billion profit out of Greece loans
Athens made the latest payment of €462 million to the IMF on Thursday 9 April. Figures released released by the Jubilee Debt Campaign show that […]
Greek Church offers up property to help Athens raise funds for debt
The head of Greece’s Orthodox Church said on Saturday it was willing to put property it owns up for development to help raise money to […]
Lagarde: “Greece needs the reforms that have not been implemented in the last few years”
The head of the International Monetary Fund, Christine Lagarde said on an interview with PBS TV that the Greek pension system is not sustainable and […]
Greece makes IMF payment, resumes asset sales, but cannot please Europe
Greece made a crucial payment to the International Monetary Fund on 9 April and won extra emergency lending for its banks on Thursday but it […]
Lagarde welcomes loan payment commitment from Athens
Ms Lagarde said continuing uncertainty over Greece’s ability to repay its debt was not in the country’s interest International Monetary Fund chief Christine Lagarde has […]
A strange offer of help: Germany to freeze bank accounts of Greeks suspected of tax fraud, but only if Greece gives in to creditors demands
Germany would be willing to freeze the bank accounts of wealthy Greeks suspected of tax fraud, Economics Minister Sigmar Gabriel said in a newspaper interview […]
Reuters: How a Grexit bill could dig deep into ECB pockets
A Greek departure from the euro could expose the European Central Bank to losses on tens of billions of credit, a hole Germany and other […]
Spiegel: Schulz warns Greece over dealings with Moscow
German weekly magazine Spiegel highlighted the strict warning that German European Parliament President Martin Schulz gave to Prime Minister Alexis Tsipras concerning his visit to […]
Open Europe investigates: What happens if Greece does not pay the IMF?
Greece has to repay loans of 2.4 billion euros in April and another €3.8 bln in May. Left without any sources of external borrowing since […]
10 million euro for BOAK road safety improvements
Last Wednesday Crete governor, Stavros Arnaoutakis, approved a 10 million € budget for safety improvements along 27 km of danger spots on the North trunk […]