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ND Leader Samaras Urges Government to Secure Deal for Greece
greece.greekreporter.com

The leader of main opposition New Democracy (ND) Antonis Samaras said on Thursday an agreement has to be sealed to ensure Greece’s funding and economic recovery, following a meeting of the European People’s Party (EPP) in Riga, Latvia. “An agreement, in other words, which will safeguard reforms and continue privatisations,” Samaras said adding that “it’s [...]

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European Leaders Say No to Political Solution for Greek Debt Issue
greece.greekreporter.com

German Chancellor Angela Merkel and French President Francois Hollande said there is no political solution to the Greek debt problem but recognized the need for a comprehensive agreement that will eventually lead to the restoration of Greek economy. The two leaders met with Greek Prime Minister Alexis Tsipras on Thursday, on the sidelines of the [...]

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Greece to cut bank rescue fund managers' pay by 40 percent
uk.reuters.com

The Hellenic Financial Stability Fund (HFSF), financed by the country's bailout package, is the rescue vehicle that recapitalised Greece's big banks and covered the costs of winding down others deemed non-viable. "The minister (Yanis Varoufakis) …

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Greece Submerges as Crisis Fallout Worse Than Emerging Markets
www.bloomberg.com

To illustrate Greece's pain, he published a report this month comparing how the economic fallout from its five-year-old crisis compared with the bouts of turmoil suffered in the last two decades by Turkey, Argentina, Latvia and Thailand. The result …

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Germany's finance minister says Greece may have to invent a 'parallel currency'
www.businessinsider.com

Wolfgang Schaeuble REUTERS/Ruben SprichGerman finance minister Wolfgang Schaeuble at the World Economic Forum in Davos, Switzerland, in 2014. Greece may have to bring in a "parallel currency" if progress stalls in negotiations with the country's …

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Inequalities grow among Greeks
www.ekathimerini.com

Greece has emerged as a champion in inequality among the member-states of the Organization for Economic Cooperation and Development (OECD), whose most recent report found that across its 34 member-states inequalities in general became more acute last year.

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EOPYY struggles for funding, sees overdue debt rise
www.ekathimerini.com

Greece’s main healthcare provider, EOPYY, has seen its overdue debts – most of which are owed to hospitals – climb to well over 4 billion euros as, in turn, social security funds are failing to meet their financial obligations towards the organization.

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Lessons for Greece from Israel’s tech miracle
www.ekathimerini.com

The crisis can serve as an opportunity for the development of entrepreneurship in Greece, insists Nava Swersky, founder and president of Nano-Israel and advisor to the Israeli government, as well as to international organizations on issues of innovation, research and development.

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'We can't just throw Greece out of the euro' – Juncker warns ahead of crunch …
www.telegraph.co.uk

The German number two is reported to have cited the example of Montenegro, which uses the euro but sits outside the currency union, without explicitly advocating it as a blueprint for Greece. In an interview with Les Echos earlier this week, Mr …

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Cyprus in Eurovision Song Contest Finals [VIDEO]
greece.greekreporter.com

Cypriot singer John Karayiannis competed in the Eurovision Song Contest semi-finals with “One Thing I Should Have Done” and passed to Saturday’s finals along with Lithuania, Montenegro, Norway, Israel, Latvia, Azerbaijan, Sweden, Slovenia and Poland. A total of 17 countries participated in the second semi-finals that took place in Vienna, Austria, in order to qualify for [...]

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Greek Govt Seeking Comprehensive Deal Within Next 10 Days
greece.greekreporter.com

Greece is seeking a comprehensive deal within the next ten days, government spokesman Gavriil Sakellaridis said in statements to Greek TV on Friday. Sakellaridis noted that the agreement will cover all issues, including labor and social security ones. Asked whether Greece will retreat to the IMF’ harsh demands, he said that Athens has set its red lines and [...]

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