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Juncker praises Greek austerity amid talks to disband troika

05.08.14 @ 09:29

Incoming European Commission president Jean-Claude Juncker on Monday (4 August) said he did everything in his power to keep Greece within the eurozone during the height of the financial crisis. “I fought like a lion ...

OpinionGreek workers face arrest for being on strike

13.07.14 @ 15:07

A law selling off one-third of Greece's Public Power Corporation (PPC) to private investors was recently rushed through parliament by the government following demands by the Troika, which has been effectively decreeing ...

OpinionThe story behind Golden Dawn's success

03.06.14 @ 09:23

Political analysts, the media and political parties have been trying to account for the shocking rise of the far-right Golden Dawn party, which last week became Greece's third most important political party after ...

Post EU ElectionsGreece's Golden Dawn seeks allies in EP

20.05.14 @ 09:29

Politicians from Greece's extreme-right Golden Dawn party are likely to be voted into the European Parliament amid high approval ratings despite the jailing of a third of its leaders. In Sunday's (18 May) first round of ...

Greek far-left in election lead

19.05.14 @ 09:29

The radical-left Syriza party is ahead in the first round of voting in Greek local elections on Sunday (18 May), while exit polls suggest a boost for the neo-Nazi Golden Dawn in some areas. Syriza is set to take Athens ...

OpinionPortugal and Greece: the odd return to markets

05.05.14 @ 10:13

In the past few weeks, Portugal and Greece have returned to the markets in moves seen in Brussels as heralding a rebound in Southern Europe. In reality, a fragile recovery has barely begun and will take years. On Sunday ...

OpinionGreek denial of vote to targets of racism increases Golden Dawn's EP chances

30.04.14 @ 15:32

Greece was one of the countries hit hardest by the economic crisis which has caused prolonged austerity, negative growth and an employment rate that stands at a stagggering 27 percent. This dire economic and social ...

Greek records first surplus as EU moves closer to balanced budgets

23.04.14 @ 17:38

Cash-strapped Greece recorded its first primary budget surplus in a generation last year, according to data released by Eurostat on Wednesday (23 April). Excluding interest on its debt repayments and a number of one-off ...

Merkel in Athens after bond sale success

11.04.14 @ 09:26

German Chancellor Angela Merkel is visiting Athens on Friday (11 April) in a show of support for the Greek government after its successful return to the bond markets and a first budgetary surplus in 11 years. It is ...

Post EU ElectionsGolden Dawn video scandal clouds Greek election campaigns

08.04.14 @ 09:51

The battle to woo voters ahead of Greece's municipal and European parliamentary elections next month is in full swing. The government had been talking up its economic achievements, including clinching an €8.3bn ...

Private security firms bid on Greek asylum centres

02.04.14 @ 09:25

Private security firms are bidding to guard EU-funded migrant detention centres in Greece amid a report by Medecins Sans Frontiers (MSF), which says poor conditions in some of the facilities are causing disease. Greek ...

Eurozone ministers agree to pay Greece €8.3bn

02.04.14 @ 08:56

Eurozone finance ministers agreed to pay out €8.3 billion of Greece's bailout package on Tuesday (1 April), bringing to a close a protracted battle between the Athens government and its creditors over the latest round ...

Charity documents 'human cost' of EU austerity

27.03.14 @ 18:01

Evidence gathered by Caritas Europa, a network of charities working with the most deprived, shows that the impact of austerity programmes in Cyprus, Greece, Ireland, Italy, Portugal, Spain and Romania has " ...

Post EU ElectionsFar-left set for big gains in European Parliament elections

24.03.14 @ 11:44

Europe's far-left is set to almost double its deputies in the upcoming European Parliament elections in May. Poll predictions indicate that the European United Left/Nordic Green Left (GUE/NGL) group is set to become the ...

Post EU ElectionsNew party shakes up Greek political scene

19.03.14 @ 09:16

The rap concert on a recent Saturday evening in Nea Smyrni, a southern suburb of Athens, was sparsely attended. No more than 70 teenagers were gathered around the stage in the main square. But the poor turnout did not ...

Post EU ElectionsGreek leftist rallies allies in Slovenia

03.03.14 @ 14:21

Greek leftist leader Alexis Tsipras was in Slovenia over the weekend to try and rally political forces on the left ahead of the May EU election. Tsipras, leader of Greece’s Syriza party and the New Left’s candidate to ...

Post EU ElectionsGreek parliament abolishes list system ahead of EU vote

28.02.14 @ 18:34

The Greek parliament on Thursday (27 February) approved a draft law introducing a series of amendments to regulations affecting the country's European and local elections to be held in May. Modifications range from ...

Greece and creditors guilty of 'denialism' over public health crisis

21.02.14 @ 18:45

The Greek government and its creditors are guilty of "denialism" about the scale of the public health crisis caused by the country's harsh austerity programme, leading international medical researchers have claimed. A ...

Troika to return to Greece in search of debt deal

18.02.14 @ 09:10

Greece's creditors will return to Athens later this week in a bid to conclude the latest review of the country's €240 billion bailout programme, eurozone finance ministers agreed on Monday (17 February). Officials from ...

Post EU ElectionsEconomic chaos sees Greek voters swing to fringe parties

13.02.14 @ 10:20

Mihalis’ head was bloody and swollen. Around him loomed a threatening crowd. Garbage blazed in an overturned bin. After the police detained and chased protesters during an anti-fascist demonstration, a handful of left- ...

Third Greek bailout to be worth €10-20bn

03.02.14 @ 09:29

Greece's third bailout is in the making, with a German finance ministry paper leaked to Der Spiegel putting the price tag at €10-20 billion. In a separate interview with Wirtschaftswoche magazine out on Monday (3 ...

Eurozone ministers impatient on Greek bailout review

28.01.14 @ 09:29

Greece came under renewed pressure to reach a deal with creditors on the latest round of cuts and economic reforms at a meeting of eurozone finance ministers in Brussels on Monday (28 January). Troika officials ...

AgendaGreece, banking union and Putin dominate this WEEK

27.01.14 @ 09:27

Russian President Vladimir Putin will be in town on Tuesday (28 January) for the 32nd EU-Russia summit, with the volatile situation in Ukraine likely to be the elephant in the room. Relations between Moscow and Brussels ...

AnalysisGreece in search of dignity, as crisis subsides

13.01.14 @ 18:28

After more than four years of international humiliation as the result of an economic crisis that has piled innumerable indignities on its people, Greece is keen to restore some national pride. "Our common quest" is the ...

New German minister urges Greece to continue reforms

10.01.14 @ 09:39

Greece must "complete the project it has started" if it is to end its era of economic crisis, Germany's foreign minister told reporters in Ahens, as he welcomed the reform efforts made by the cash-strapped country. ...

Samaras and Barroso show solidarity on 'anti-EU' parties

09.01.14 @ 11:48

Greek PM Antonis Samaras and European Commission chief Jose Manuel Barroso have showed solidarity against what Samaras calls his "anti-EU" political enemies. Speaking at a launch ceremony for the Greek EU presidency on ...

AnalysisIs the Greek economy ready to come off life support?

09.01.14 @ 09:29

After six consecutive years of recession, the Greek economy might finally be allowed to leave its life support machine this year. The country's debt burden should start to fall in 2014. So should unemployment. It may ...

Greece hoping for peaceful launch of EU presidency

08.01.14 @ 15:02

The European Commission's top brass is set for a muted reception on Wednesday (8 January) as the EU executive gathers in Athens for the launch of Greece's six month presidency of the EU. After more than four years of ...

MEP bailout enquiry in Portugal after postponed Greek trip

08.01.14 @ 09:58

A delegation of MEPs tasked to probe the impact of the bailout arrived in Portugal on Tuesday (7 January). Austrian centre-right MEP Othmar Karas, who is leading the inquiry along with centre-left French MEP Liem Hoang ...

Eurozone fund chief dashes Greek hopes for debt deal

07.01.14 @ 09:25

Greece's hopes for another debt deal aimed at helping it exit the bailout programme at the end of 2014 are not realistic, Klaus Regling, the head of eurozone's bailout fund (ESM), told Spiegel magazine. "There will be ...

Greece will exit bailout in 2014, PM says

31.12.13 @ 09:24

Greece will exit its bailout agreement in 2014 and will not need any further loans, Greek Prime Minister Antonis Samaras said on Monday (December 30). In an address on national television, Samaras declared that Greece ...

InvestigationTroika consultancies: A multi-million euro business beyond scrutiny

16.12.13 @ 09:23

Alvarez and Marsal, BlackRock, Oliver Wyman, Pimco: The names mean nothing to the average European. But the financial consultancies have played a central role in all the eurozone bailouts and have so far invoiced ...

EUobservedPolitical open season

06.12.13 @ 09:22

The political season has opened. A full six months ahead of the European elections. Yes everybody who’s anybody – and some people who aren’t – are looking to new political horizons. How’s this for a bombastic pitch. “I ...

AgendaEmbattled Greek government in Brussels this WEEK

02.12.13 @ 09:24

The Greek government is in town as the EU's institutions hope to enjoy a week of relative calm following the high drama of last week's eastern partnership summit. Prime minister Antonis Samaras and his ministerial team ...

Greece to stay in recession, warns OECD

28.11.13 @ 09:30

The Greek economy will stay in recession in 2014 for the seventh consecutive year, according to the OECD. The Paris-based Organisation of Economic Co-operation and Development (OECD) think-tank forecasts a further 0.4 ...

OpinionIreland and Greece prove the naysayers wrong

22.11.13 @ 17:37

Irish Premier Enda Kenny has announced his country will exit its bailout programme in December. When he took office in 2011, Ireland’s budget deficit was over 30 percent of GDP. Narrowing it to projections of 7.3 ...

Greece to push through 2014 budget without creditors' approval

21.11.13 @ 18:21

Greece's 2014 budget is set to hit the statute book without the approval of the country's creditors, after the country's government tabled its spending plans to the Greek parliament. The Greek government tabled its ...

Greece under fire as creditors lose patience

15.11.13 @ 09:04

While Ireland and Spain received fulsome praise as they announced plans to exit their bailout programmes, Greece was cast as the villain of the piece at a meeting of euro finance ministers on Thursday (14 November). ...

Greece returns to haunt euro ministers

14.11.13 @ 09:24

Eurozone finance ministers will meet on Thursday (14 November) with the currency union's four bailout programmes dominating an otherwise quiet agenda. Officials are, once again, becoming frustrated by Greece. The Greek ...

Greek special forces push back Syrian refugees, NGO says

07.11.13 @ 16:56

Armed special-op units in Greece are reportedly repelling asylum seekers and refugees in commando-like operations on its Turkish land border and out at sea. The allegations, gathered in around 90 anonymous testimonies ...

Economic recovery slow and painful, EU's Rehn says

05.11.13 @ 15:56

The EU economy will remain flat in 2013, EU economic affairs commissioner Olli Rehn said on Tuesday (5 November), as he downgraded the bloc's growth forecasts for 2014 and 2015. Although the EU economy grew by 0.3 ...

VideoNo jobs for Europe's brightest graduates

21.10.13 @ 18:05

Despina Papadaki, from Greece, was one of the 150 participants selected from 2,600 to celebrate the 15th year of the youth partnership between the Council of Europe and the European Commission in Budapest. The plight of ...

OpinionGolden Dawn rise illustrates cracks in Greece's social cohesion

10.10.13 @ 09:09

A few days ago the Greek police arrested the leadership of the neo-Nazi party Golden Down. According to the Public Persecutor, Golden Dawn is a criminal organisation of thugs that undermines the rule of law. The acts of ...

Golden Dawn leadership arrested

30.09.13 @ 09:29

Greek police arrested the leader and four senior members of the neo-nazi Golden Dawn party over the weekend in a wider effort to ban the group from political representation. Police says a sixth leading member turned ...

Golden Dawn threatens to destabilise Greek government

27.09.13 @ 09:22

Greece’s neo-fascist Golden Dawn threatens to spark snap elections by pulling all 18 of its members from the 300-seat parliament. If Golden Dawn members walk out, then special elections would have to take place in every ...

Greek PM calls for calm after alleged Golden Dawn killing

19.09.13 @ 18:11

Greek Prime Minister Antonis Samaras appealed for calm following the fatal stabbing of a left-wing rapper by an alleged member of the neo-Nazi Golden Dawn group earlier this week. “This government is determined not to ...

Greece considers outlawing Golden Dawn party

19.09.13 @ 09:28

Greek officials are considering banning the ultra-nationalist Golden Dawn party after a member is said to have fatally stabbed a prominent left-wing musician at an anti-fascist rally in Athens. Greek public order ...

Mediterranean region is 2014 priority, Greece and Italy say

18.09.13 @ 09:30

Greece and Italy will make the Mediterranean region and alternatives to austerity the main priorities of their EU presidencies in 2014, the two countries' foreign ministers have said. Next year will be "the year of the ...

Greece will need new bailout aid, Dijsselbloem says

05.09.13 @ 18:48

Greece will need more time and money to successful emerge from its bailout programme, Eurogroup chief Jeroen Dijsselbloem has confirmed. Speaking on Thursday (5 September) with members of the European Parliament's ...

AnalysisWhy did Schaeuble break the Greek bailout taboo?

28.08.13 @ 09:27

The German election campaign had a rather dull start. Mid-August, Chancellor Angela Merkel kicked off her tour through the country - with over 50 rallies to be held in different towns and cities by 22 September when ...