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Germany backs down on Greece

Germany is at last bowing to pressure as a chorus of countries and key institutions demand debt relief for Greece, a shift that could break the five-month stalemate and avert a potentially disastrous rupture of monetary union at this Sunday’s … Read the rest

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Greece also has an immigration problem

Unbelievable scenes on the island of Lesvos as refugees try to raid a food truck. The incident took place when nearly 2,500 migrants hosted in the camp of Lesvos (Mytilene) municipality in Kara Tepe saw the catering truck approaching. They … Read the rest


Greece rejects austerity

Nearly 150 protesters rallied in the streets of Athens Monday just hours after the Greeks voted resoundingly to reject more austerity measures in exchange for another bailout from the country’s international lenders.

The triumph of the No camp in the … Read the rest


Greek crisis ignites

Banks in Greece and the country’s stock exchange will be shut all week in a sign of the deepening financial crisis.

The drastic move comes after people rushed to withdraw their cash amid panic ahead of the referendum on bailout … Read the rest

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IMF coached Greek journalists on spin

The Greek authorities want to investigate alleged misconduct by a number of journalists who attended seminars organized by the IMF and were allegedly instructed to promote the organization’s advice to Greece.

The accusations were voiced by Greece’s former representative to … Read the rest

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Greece misses deficit target as bailout deadline looms

Cash-strapped Greece fell well short of its budget deficit reduction targets last year, official figures showed Wednesday in a development that’s likely to add pressure on the radical left-led government during tortuous talks with bailout creditors.

The country’s statistical authority … Read the rest

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Moscow and Athens forge new alliance

The Greek prime minister’s visit to Moscow aimed at improving relations with Russia angers many in Europe – this is what reports in Greek media, covering the visit, boil down to.

Greek Prime Minister Alexis Tsipras is on a two-day … Read the rest

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Russia offers Greece loans, gas discount

Russia may offer Greece a discount on gas deliveries and new loans when Greek Prime Minister Alexis Tsipras visits Moscow this week, the Kommersant business daily reported on Tuesday, citing one source in the Russian government.

A Kremlin spokesman said … Read the rest