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Greek economy still struggling despite mild Q2 expansion
Greece’s battered economy grew between April and June – but only by 0.2 percent from the first three months of the year. And the latest estimate by the government’s statistics service show the economy shrank by 0.9 percent from the same...
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Greeks raise nearly 250m with sale of four TV licences in great media shakeup
The winners have been announced in the great Greek TV sell-off, with four companies winning bids for television channels in an unprecedented auction. The sale of four broadcast licences has immediately raised 246 million euros for the...
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Tensions rise over EU-Turkey migrant deal
Ankara and Brussels are on a collision course over their migrant deal. Turkey has repeatedly warned it will walk away from the agreement to accept refugees heading to Europe unless the EU agrees to waive visa restrictions. President...
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Europe – Turkey: At odds
Tensions between Ankara and Brussels are on the rise. Since the coup attempt, the EU has made daily demands on Turkey to act within the rule of law. Turkish President Recep Tayyip Erdogan has accused Europe of having double standards. On...
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Verdi’s African-themed Macbeth impresses in Athens
A remarkable take on Verdi’s Macbeth has opened at the Athens Festival. An adaptation by the director Brett Bailey and the South African theatre company, Third World Bunfight the show premiered in Cape Town in 2014 and Athens is the 31st...
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US Treasury Secretary says debt relief important for Greece
The US Treasury Secretary on a visit to Athens has urged the Greek government to make more progress on budget and economic reforms. Jack Lew said that was the way for Greece to get debt relief and boost its struggling economy. He told...
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Greek tourism under pressure
With tourism key to the recovery of Greece’s ailing economy, this summer’s holiday season is crucial;but according to people working in the industry things are not looking good. This was supposed to be another record year, with travel to...
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Is this 2,000-year-old tool the world’s oldest computer?
For over a century since it was found in an ancient shipwreck, scientists have been scratching their heads over the exact function of the Antikythera mechanism, named after the Greek island off which it was found. From a few words...
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ECB agrees cheaper loans to fund Greek banks
The European Central Bank has agreed to accept ‘junk’ rated Greek debt as collateral for normal ECB lending to banking institutions. ECB reinstates waiver for eligibility of Greek bonds used as collateral in Eurosystem monetary policy...
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The necropolis of Orthi Petra opens a window to the Homeric world
Situated 30km off Rethymnon, Crete, the necropolis of Orthi Petra is part of the wider archaeological site of ancient Eleftherna, a town with continuous habitation from 3000BC to the Byzantine years. Situated on the western slope of the...
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Saddled with 1.3 billion euros of debt, top Greek retailer, Marinopoulos, gets bankruptcy protection
Greece’s biggest supermarket chain has won a reprieve. Out of money and with huge debts, the Marinopoulos group, on Friday, gained temporary protection from its creditors by an Athens court. It now has until September 21 to restructure –...
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Greece gets the nod for next tranche of bailout cash
Greece has fulfilled all the necessary measures to receive a new slice of bailout money from its international creditors. The progress was announced following a meeting of the board of governors of the European Stability Mechanism in...
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Eurozone GDP growth revised upwards for Q1
It seems the eurozone’s economic growth was slightly better than previously thought in the first three months of this year, but still nothing to shout about. In its third and final assessment, the European statistics agency Eurostat said...
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European Central Bank corporate bond buying starts
The European Central Bank has started buying corporate bonds as part of its latest effort to get businesses to borrow and spend, thereby boosting the eurozone economy and causing inflation to rise. Buying the debt of some of Europe’s...
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Greek businesses welcome tourist influx, worry about tax hike effects
Greece is counting heavily on a bumper influx of tourists to boost its economic recovery. Security concerns in Turkey and North Africa have more travellers booking Hellenic holidays. The Greek Tourism Confederation reckons visitor...
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Artist Ai WeiWei decries Europe’s “shameful” refugee crisis
The Museum of Cycladic Art in Athens is running a major exhibition of the Chinese artist and activist Ai Weiwei. Ai Weiwei at Cycladic is the artist’s first show within an archeological museum and in Greece. The aim is to present his...
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No ‘haircut’ for Greece as Eurogroup hold bailout talks
Eurozone finance ministers are meeting in Brussels for their latest round of negotiations over Greece. They are expected to confirm that Athens has pushed through enough austerity reforms to qualify for up to €11bn in bailout cash. This...
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Greece begins clearing out refugees from Idomeni camps
About 8,200 people being moved to state-supervised facilities
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Putin and Tsipras focus on trade and investment
Russian President Vladimir Putin and Greek Prime Minister Alexis Tsipras, who have been meeting in Athens, are no strangers. They met in Moscow twice last year and there was even talk of Russia floating Greece a loan which came to...
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Greece moves closer to a loan deal with its eurozone lenders
Greek media headlines on Tuesday were doom-laden about the future for the country’s pensioners and public servants even as Athens seemed to have moved closer to a deal on new loans. Prime Minister Alexis Tsipras told his cabinet an...
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German economic strength supports eurozone growth
Germany’s economy performed much better than expected in the first three months of this year, making it again the driving force for the eurozone. Private consumption was the most important element. Record-low unemployment, low interest...
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Ai Weiwei promises documentary to follow refugee shows
The Chinese dissident artist Ai Weiwei has announced that he will release a documentary film next year on the refugee crisis. Ai, often described as China’s most high-profile artist, was speaking at a news conference in Bern on 27 April...
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Why so much Greek anger over tax and pension reforms
Greek tax and pension reforms have to be approved by the country’s lawmakers on Sunday if Athens is to get the next, previously delayed, tranche of more than five billion euros of bailout cash. That money would then be used to pay back...
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Full interview with Greek Health Minister Andreas Ksanthos
Greek Health Minister Andreas Ksanthos tells Euronews about his recent healthcare reform to provide cover to the 24% of Greeks unemployed, and discusses whether Greece can afford the change. He is asked to respond to criticism that the...