The left-wing Syriza party's victory in the 2015 Greek parliamentary election on top of promises to end the troika-imposed austerity program threatens to shake up the European Union's entire financial system. However, the party's leader appears to be seeking a middle path as the movement is unprepared to risk its popularity to enact major changes.
Alexis Tsipras promised not to cut pensions for the 12th time.
The outgoing year was marked by a historic standoff between Greece’s new anti-austerity government and the country’s European lenders over its huge debt that put it on the brink of a euro exit.
Greek Prime Minister Alexis Tsipras considers the current government to be stable, and does not consider it necessary to conduct early elections or invite other parties to the cabinet.
Greek police used tear gas to disperse farmers that gathered in front of the parliament in Athens on Wednesday to express protest against upcoming legislation changes, including strong rises in taxes and pension funds' reform, Greek media reported.
Greece could reach an agreement with its creditors on the remaining disputed issues by Saturday, securing the release of more financial aid, the Naftemporiki newspaper reports citing the country’s Government Council for Economic Policy.
The Greek parliament has voted in favor of a number of measures, including pension cuts, demanded by the country’s lenders under the third bailout package.
The European Central Bank (ECB) President Mario Draghi called Sunday for the Greek debt relief and the implementation of the austerity reforms as stipulated in Athens’ third bailout package from its European creditors.
Greek Foreign Minister Nikos Kotzias invited his Russian counterpart Sergei Lavrov to visit Athens during the cross-year in 2016.
It appears the Troika are trying to tackle an almost ancient ritual of tax avoidance in Greece. When the country was occupied by the Ottomans, tax avoidance was seen as a form of patriotism. Today, some politicians see it as a "national sport".
From economic meltdown to refugee crisis, Greece has hardly been out of the headlines since the beginning of the year and now the spotlight is back on the Prime Minister Alexis Tsipras.
Within the space of a few months, German Chancellor Angela Merkel has swapped her status as economic villain and EU bully to "Merkel saves the day" with #RefugeesWelcome trending on twitter. It seems European Union members have a short memory.
Analysts are predicting jitters in the banking system as Greece goes to the polls this Sunday to elect another government which is forecast to be a close finish, with both major parties threatening not to form a coalition.
Greece's Popular Unity party plans to hold a referendum on exiting the Eurozone. If elected to parliament next week, it will try to stop the privatization of public assets.
The Greek crisis is yet to be resolved, Jean-Claude Juncker said.
The former prime minister said that no other government could have signed a better deal with creditors.
A majority of Greeks believe that the country’s transition from the Greek drachma to the euro has harmed the Greek economy, a new Gallup poll said Monday.
Greece has promising future if it cooperates with the Eurasian Economic Union, President of the Greek-Eurasian Business Council Spyros Kouvelis told Sputnik. He explained that Greece is facing a prolonged period of low economic development due to the bailout programs signed with its creditors.
On August 14, following months of negotiations, the Eurogroup approved a third bailout package for debt-ridden Greece, worth 86 billion euro ($96 billion at current exchange rate), requiring additional reforms and austerity measures in return.
The IMF chief reaffirmed her commitment to helping Greece overcome its crisis but said that no debate on the debt cancellation had been initiated.
Former Greek finance minister Yanis Varoufakis described Alexis Tsipras' decision to accept the bailout conditions as a mistake.