Greek taxpayers will see a tax reduction of 3.5 billion euros in the near future, Finance Minister Euclid Tsakalotos said in Iraklio, Crete, on Friday. He did not define “near future” thought, neither did he revealed how this tax reduction will look like… Speaking at an Iraklio Chamber event, Tsakalotos …

After a plenary debate that lasted 18 hours, the majority of Greek lawmakers voted in favor of setting up a parliamentary committee to investigate two former prime ministers and eight former ministers over allegations of bribery and money laundering by Swiss drugmaker Novartis. Majority of votes was received by EU …

Former finance minister and controversial political figure Yanis Varoufakis revealed the name of the political party with which the pan-European movement DiEM25 will contest elections in Greece. And the name of DiEM25’s Greek political party is…. We have white smoke! DiEM25’s members overwhelmingly approved the name of our new Greek …

Former finance minister Yanis Varoufakis revealed that he will run in the next parliamentary elections in Greece. Speaking to private ANT1 TV magazine Kalimera Ellada, Varoufakis said that his pan-European party Democracy in Europe Movement 2025 (DiEM25) will held a conference in Greece in order to prepare for the new …

More and more Greeks have been complaining about the long queues and the controls they have to undergo when they arrive at the airports of Germany. Berlin has practically suspended Schengen regulations for flights arriving from Greece as of November 12th 2017. The passport control regulation will be valid until …

The era of German Chancellor Angela Merkel nears the end.  Even if she wins the next elections, her opponents within her own party will grill her over hot charcoal. Preliminary coalition talks between Chancellor Merkel and the Greens and the FDP collapsed early Monday after two months. It was mainly …

Superstar hedge fund manager Kyle Bass predicts investors are getting ready to pour billion into Greek economy once New Democracy leader, neoliberal Kyriakos Mitsotakis, takes the premiership from the hands of left-wing Alexis Tsipras. 15 billion euros in bank deposits will return and foreign investors will follow pouring billio9ns of …

Stunned and with hanging jaws Greeks saw and heard Prime Minister Alexis Tsipras announcing that he will hand out 1.4 billion euros as one-off “social dividend” in December. “The welfare benefits  totaling 1.4 billion euros, is more than double than that paid out last year (600 million euros) and this …

Obsessed to the bone against the Greece’s left-wing government. In his last – and probably first – interview to a Greek television channel, former German Finance Minister Wolfgang “Austerity” Schaeuble poured his poison drop by drop on open wounds and enjoyed for one more time his unerring attitude and his …

Greece’s main opposition party, conservative New Democracy has brought back to debate the right to vote for diaspora Greeks. On Monday, ND leader, Kyriakos Mitsotakis, resubmitted to Parliament his legislative proposal to give diaspora Greeks the right to vote in Greek elections. Complaining that his original proposal he submitted 18 …

The leader of  center-right New People’s Party, Sebastian Kurz, won the Austrian elections on Sunday and is to be the next Chancellor. He turned 31 in August and once he assumes office he will be the younger leader in the Western world. According to preliminary results published by the Interior …

Greece is closely watching the political developments in Germany as the new coalition government that will be formed will have direct impact on the Greek debt and the discussions about its relief expected to begin after conclusion of the bailout program in August 2018. Right after the exit polls on …

As if we did not have enough trouble with the oil spill, a long-time-not-seen Eurogroup meeting took place in Tallinn, Estonia, today. Greece’s lenders came together to catch up with the struggling country. Top on the agenda was the implementation of the Greek program and the third review. Eurogroup head …

Managing Director of the International Monetary Fund, Christine Lagarde, is packing her luggage. For a visit to Greece. She has an open invitation by the President of the Greek Republic, Prokopis Pavlopoulos, who expressed it verbally. However, according to protocol, it is the finance ministry that formally sent the invitation …

An Israeli military court ruled on August 1st that settler groups have the right to seize two hotels and a large building in the Old City of Jerusalem which belongs to the Greek Orthodox Patriarchate. The hotels and the building provide the façade of the area that embraces the monasteries, …

Migration Minister Yiannis Mouzalas has confirmed that Germany will start returning newly-arrived asylum seekers to Greece, effectively ending a five-year suspension of such transfers due to the poor conditions in the debt-hit country. In an interview with German public television station ARD show “Report Mainz,” due to be aired on …

This is one of the glorious moments of bottomless populism and the absolute absence of culture and knowledge of culture. I am writing this not because I feel offended reading that a far-right Dutch populist claims Greeks spend the money on souvlaki and ouzo. His compatriot, the so-called social-democrat Jeroen …

Giannis Dimantis has been living in an incredible bureaucratic adventure. For whole 14 years, he has been trying to prove that he is not dead. In vain. Greek bureaucracy is holding him firm in its hands. Diamantis’ adventure began 14 years ago when he went the municipality of Egaleo where …

Managing director of the International Monetary Fund, Christine Lagarde, paved the way for a potential compromise at the next Eurogroup meeting on the Greek debt crisis. In an exclusive interview with German economic newspaper Handelsblatt, she said the IMF is  willing to participate in a Greek bailout and give European …

German finance minister Wolfgang Schaeuble attacked on Thursday prime minister Alexis Tsipras for “not having taxed Greece’s powerful shipowners as he had promised.” Schaeuble’s statement seemed a bit weird and out of the blue because Tsipras had made many promises  before the elections and was able to fulfill none of …