Varoufakis warns of Grexit contagion
(Reuters) – Greece’s Finance Minister Yanis Varoufakis said in an interview broadcast on Sunday that if Greece were to leave the euro zone, there would […]
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Europe ready for Grexit contagion says ECB chief : “Greek threats to unleash mayhem will not give way to leniency”
(The Telegraph) The European Central Bank has warned that a rupture of monetary union and Greek exit from the euro could have dramatic consequences, but […]
OSCE calls for decriminalization of defamation in Greece after journalist sentenced to 26 months on libel charges
OSCE Representative on Freedom of the Media Dunja Mijatović today condemned the recent libel conviction and sentence imposed on journalist Kostas Vaxevanis for stories written […]
Athens University protest ends with police raid
A police operation on Friday to eject 14 protesters from Athens University’s central campus after a 19-day sit-in deepened fissures between the hard core and […]
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 […]
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 […]
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 […]
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 […]
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 […]
Crisis-ridden Greece hit by tax avoidance through the Netherlands
A new SOMO report reveals that while Greece endures harsh austerity measures imposed by the European Commission, European Central Bank and IMF and supported by […]