Armed robbery in 5 star hotel in Hersonissos
Three hooded men armed with Kalashnikovs burst into the jewellery store of the 5 star Creta Maris hotel in Hersonissos on Friday night. After firing […]
A list of countries with protracted IMF arrears
(From the Guardian) Greece has delayed a debt repayment to the IMF of €300m. The instalment was due on Friday 5 June, but instead the […]
With major differences not so major, IMF departure from talks “wanted to pass messages to both sides”
(Source: Reuters) When the International Monetary Fund announced it had ordered its team home from stalled debt talks with Greece, the gesture of frustration was […]
Court orders Greece to reverse 2012 pension cuts
(enikos.gr) –The highest Greek court ruled on Wednesday that the government should reverse cuts to private sector pensions it made in 2012 as a condition […]
IMF walks out of Greece bailout talks
The Guardian –“You’ve got to ask yourself one question. Do I feel lucky? Well, do ya, punk?” The lines spoken by Clint Eastwood in Dirty […]
Greece considers taking Crete power cable link project into own hands
(ICIS) –The Greek government is looking into a new electricity interconnector linking the island of Crete and the mainland, ICIS the energy market information provider […]
Protesters occupy Greek finance ministry – “We have paid enough”
Greek Communist party labour union supporters occupied the finance ministry on Thursday (11 June) and prevented staff from entering over fears that the government will […]
EU urges refugee action as over 1,000 new migrants reach Greece
(AP) — The European Union urged its 28 nations Wednesday to swiftly endorse its plan to relocate 40,000 migrants as 1,000 more migrants arrived in […]
What’s holding up a deal on Greece’s bailout?
After four and a half months of back and forth, Greece and its creditors remain far from a deal on what reforms the country must […]
Greece bailout talks lead to rumours of German compromise
According to the reports, the chancellor Angela Merkel is prepared to accept a much-reduced reform programme, slimmed down to just one or two areas as […]
Varoufakis: Greece’s creditors have turned negotiations into a war
(euractive.com)– Greek Finance Minister Yanis Varoufakis has criticised Greece’s creditors for making “no concessions” and turning the negotiations “into a war”. In an interview with Germany’s Tagesspiegel […]
A toxic cloud covers Athens – fire at recycling plant burns for a fifth day
A large fire broke out at a private recycling factory in the area of Nea Zoi, near Aspropyrgos, northwest of Athens, on Saturday, resulting in […]
Germany’s Schaeuble says no rift with Merkel on Greece
German Finance Minister Wolfgang Schaeuble on Tuesday denied reports that there was a rift between Chancellor Angela Merkel and himself on Greek debt negotiations. “You […]
Greek debt tragedy an indictment of euro zone’s response to the crisis
The Irish Times –It is four and a half months since Alexis Tsipras and his party Syriza swept to power in Greece on a wave […]
A 5.4 earthquake in the early hours of the morning felt in most of Crete
The epicentre was 51 km SE of Palaikastron at a depth of 10 KM The area remained active through the night with 10 more tremors […]