Greek debt crisis
Economy
IMF Praises Greek Authorities
The situation and prospects of global economy, the emerging markets; the stalemate in the U.S.; debt crisis in the Eurozone (especially in Greece), as well as the balance of power in decision making for the global economy, were the...
Economy
Die Welt: Sustainable Greek Financial Nightmare
The data of the International Monetary Fund – IMF indicate that Greece's financial situation is worse than anticipated, and the inability to achieve its own targets concerns the IMF who is pushing in the direction of Greek debt relief.
Based...
Europe
Shisha Drug Grows Popular in Debt-Stricken Athens
While the economic crisis is still taking its toll on Greece, the capital city of Athens is at the center of the whirlwind. Poverty and unemployment, hunger and homelessness have increased in Greece the last few years bringing new...
Cyprus
EFSF’s Regling Says Greece Needs Time
With two bailouts and three years of austerity measures failing to right Greece's faltering economy, Klaus Regling, Chief Executive officer of the European Financial Stability Facility (EFSF) says the country will need more time before reforms work but he...
Economy
Schaeuble Says Greek Debt Out of Control
German Finance Minister Wolfgang Schaeuble has sent a letter to the President of the German Parliament in which he stated that Greek debt will be higher than estimated in a recent Eurozone meeting that agreed to release 44 billion...
Economy
ECB Mulls Profit Loss to Help Greece
The European Central Bank is considering a plan to give back almost 9 billion euros ($11.52 billion) to Greece from the profits it makes through its holdings of Greek bonds as part of a scheme by international lenders to...
Culture
Director Lanthimos Won’t Abandon Greece
Praised Greek filmmaker and theatre director Yiorgos Lanthimos is currently running up and down the streets of London searching for the right scipt that will inspire him for his next movie to come. London has all that is required...
Europe
German Hospitals Want Greek Doctors
Hospitals in the most populous state of Germany, North Rhine-Westphalia, have 12,000 vacant doctor positions and their doors wide open to Greek medical students who want to complete their practice there or Greek doctors who simply want to work...
Ancient Greece
Die Welt Says Europe Owes Greece
A report by the German daily Die Welt noted the hard times in Greece during the country's economic crisis, showing beggars in the streets, garbage piling up, people sifting through dumpsters for food and the frustration of the young...
Economy
From Drug Salesman in Greece to School Janitor in Sweden
Under the headline, Jobless Greeks Resolved to Work Clean Toilets in Sweden, the Bloomberg news agency featured the story of Tilemachos Karachalios, a 40-year-old former pharmaceutical salesman in Greece until the economic crisis pushed him to Sweden, where he...