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Greece

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Referendum for Greece

Greece will go to a referendum on December 4 to decide whether they want to stay in the eurozone or go back to the drachma.

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Crises forces boutique owner to turn robber

The economic crisis and the increasing dire financial straits of his own business prompted a 44-year-old Glyfada boutique owner to turn robber.

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Brussels to kickstart projects

Major construction projects in Greece are in for a lifeline as the European Commission intends to allow the disbursement of community resources as guarantees for the funding of the

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State firms to save 500 million euros

The government aims at saving some half a billion euros from state corporations next year by reducing their spending by 14 per cent and increasing their revenues by 10 per cent.

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Banks fined for withholding salaries

Three banks will need to pay combined fines of 260,000 euros as the General Secretary for Consumers found them guilty of breaking the law in withholding the salaries paid to accoun

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Greece ready to provide assistance to Turkey

Greece is prepared to provide all possible assistance to the Turkish authorities, foreign minister Stavros Lambrinidis told his Turkish counterpart Ahmet Davutoglu, following the d

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50% cut offers new dawn

Euro zone leaders struck a deal with private banks and insurers on Thursday for them to accept a 50 per cent loss on their Greek government bonds under a plan to lower Greece’s deb

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Stores burgled during unrest

More than 400,000 euros worth of merchandise was stolen from stores in central Athens during disturbances at an anti-austerity rally last Thursday.

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Program to encourage youth back to the land

A new government scheme which aims to tackle youth unemployment and boost the farming sector by leasing plots of state land to young or unemployed farmers at a cheap rate is under

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La Mirage to become student dorm

La Mirage, an old hotel in a rundown part of Athens near Omonia Square, is to be transformed into accommodation for students.

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