The Defeat of Europe –Varoufakis article in Le Monde reveals the truth about the negotiations
In 2010 the Greek state lost the capacity to service its debt. Put simply, it became insolvent and, thus, lost access to capital markets. To […]
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Former Samaras adviser investigated for financial crimes
A close aide to former Prime Minister Antonis Samaras has been summoned by a financial crimes prosecutor in connection with the so-called Lagarde list of […]
Air traffic controllers to hold walkout Aug 5
eKathimerini — The union representing Greece’s air traffic controllers Thursday announced a four-hour walkout on Wednesday, August 5, and warned of further action unless a […]
Ferries collide in Piraeus, no injuries
Two high-speed ferry boats collided Thursday while setting sailing from the Port of Piraeus, with none of the passengers or crew suffering any injuries. The […]
Greek bailout must promote growth over austerity, says Brussels think-tank
enikos.gr– A third EU bailout for Greece must prioritise economic growth over further austerity and institutional reforms, according to a new study by the Bruegel […]
Swedish blockbuster filmed in Crete
Neos Kosmos — Tsatsiki, Dad and the Olive War is the last of a film trilogy based on a successful series of books by Swedish […]
IMF says cannot join Greece bailout talks before debt relief and reforms
An FT report, citing a confidential summary it obtained of the IMF board’s meeting on Wednesday, said that IMF staff had determined that while the […]
Greek minister announces changes to property tax
ANA-MPA — Greece’s Alternate Finance Minister Tryfon Alexiadis on Wednesday announced plans to revise a special property tax with the aim of lightening the burden […]
Finance ministry issues new price list for public snack-bars
The Finance Ministry on Wednesday issued a new price list for some of the staples sold at self-service, standing-only snack bars in public areas such […]
Greece targets tax evasion at holiday hotspots
Reuters — From five-star hotels to humble tavernas, Greek tax inspectors are fixing their attention on tax evasion at summer holiday hotspots. The government served […]
Goodbye Troika: Germany rides into its Greek colony on the “Quadriga”
Zero Hedge — With creditors’ motorcades having officially returned to the streets of Athens in the wake of Greek lawmakers’ approval of the second set […]
Varoufakis issues statement defending contingency plan
Yanis Varoufakis released a statement last night defending his work creating a parallel payment system during his time as finance minister. The statement, from “the […]
Bloomberg: The Tsipras paradox
His party is split, government undermined and the economy lies in tatters. Yet in the rubble of Greece, Prime Minister Alexis Tsipras reigns supreme, says […]
Europe’s New Colonialism: ECB rejects Greek request to reopen stock market
Zero Hedge — It has been one month since Greek capital controls were imposed and Greece is nowhere closer to having its deposit limits lifted. […]
Fog in the Aegean leads to accidents, no injuries
ANA-MPA — The Hellenic Seaways high-speed passenger and car ferry “Flying Cat 4” was being checked for damages on Sunday afternoon, after running aground in […]