Greece

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Greece Is Dealt 2 More Blows
 Greece Is Dealt 2 More Blows 
Jun 29, 2015 2:07 PM CDT

Greece Is Dealt 2 More Blows

It won't make its payment, and Standard & Poor's cut its rating

(Newser) - As predicted , Greece doesn't have the funds to pay back a $1.8 billion euro loan installment by tomorrow's International Monetary Fund deadline, a government official there confirmed today—meaning the country may now be one step "closer to an exit from the euro zone currency,...

A 'Greek Tragedy' Unfolds: What You Need to Know

EU could be 'more fragile than its leaders like to think'

(Newser) - A Greek drama will unfold this week, and some commentators are already calling it a Greek tragedy. The country's current bailout expires tomorrow—the same day Greece is due to make a $1.8 billion payment it probably won't have the funds for. And on Sunday, voters will...

Greece Makes Big Decision About Banks

Nation decides to keep them closed indefinitely

(Newser) - Greek banks will remain shut for an unspecified time and the country is imposing restrictions on bank withdrawals following a recommendation by the Bank of Greece, the country's prime minister said Sunday. Sunday's move comes after two days of long lines forming at ATMs across the country, following...

Worried Greeks Jam Nation's ATMs

They're worried banks will impose restrictions as IMF mess intensifies

(Newser) - Need a tangible sign of Greece's financial turmoil? Look at the ATM lines. Anxious Greeks have been lining up all weekend, worried about the possibility of financial controls being imposed to stop banks from hemorrhaging funds. Today, the European Central Bank refused to increase emergency credit to Greek banks,...

Here's How Much Greece Wants in WWII Reparations

Only a measly $303B from Germany

(Newser) - Greece says it's about time Germany opens its checkbook and pays $303 billion in reparation money stemming from the Nazi occupation of Greece in World War II. Greece's deputy finance minister says the sum, put forth by the General Accounting Office, accounts for war reparations, the repayment of...

Greece, Eurozone Strike a Deal
 Greece, Eurozone Strike a Deal 
Feb 20, 2015 2:28 PM CST

Greece, Eurozone Strike a Deal

Nation will get a 4-month extension of bailout

(Newser) - Greece and its creditors in the 19-country eurozone reached an agreement today on the country's request to extend its bailout. Jeroen Dijsselbloem, the eurozone's top official, says the deal will extend Greece's loans for another four months. The Wall Street Journal 's take: "The four-month...

Greece Offers Last-Ditch Bailout Compromise

Germany is not impressed; eurozone finance ministers to meet tomorrow

(Newser) - Greece sent its European creditors a proposal today in a last-moment bid to unfreeze talks on its bailout program and end uncertainty over its future in the euro. Hopes of a deal, however, were quickly dampened by Germany, the main creditor, which said it "is not a substantial proposal...

Young Couple Found in Embrace of 6K Years

They apparently died holding each other in Greece

(Newser) - Your dose of Valentine's Day coupledom comes courtesy of archaeologists in Greece, who unearthed a man and woman locked in an embrace for about 6,000 years. The pair in their early 20s were found buried together in southern Greece at a dig site known as Alepotrypa Cave, reports...

New Greek Govt.: Debt Repayment Isn't Realistic

Syriza economics spokesman calls for negotiations

(Newser) - As Greece's newly elected Syriza party takes office, its top economics spokesman is making the party's views on debt clear. It's "unrealistic" to think that Greece will be able to pay back the $270 billion bailout it received from the eurozone and other lenders, Euclid Tsakalotos...

Radical Lefties Win Greek Elections

Anti-bailout party Syriza cruises to win in parliamentary vote

(Newser) - A Greek state TV exit poll is projecting that anti-bailout party Syriza has won today's parliamentary elections—in a historic first for a radical left wing party in Greece. But it's unclear whether Syriza has won a decisive enough victory over Prime Minister Antonis Samaras' incumbent conservatives to...

In Mystery Greek Tomb, Bones From 5 Corpses

Among the remains found at Amphipolis: newborn, 60-year-old woman

(Newser) - A giant tomb found in Greece's Macedonia region over the summer contains more than simply sphinxes and a mosaic. Researchers say bones found at the ancient Amphipolis site are from at least five people—including a newborn and a 60-year-old woman, the country's Culture Ministry said in a...

Greece Holds 4 Terror Suspects, Including Possible Belgium Ringleader

Investigators still looking for one man: reports

(Newser) - Greek police have detained four suspected terrorists, including one who could be the man wanted by Belgian authorities as an alleged ringleader of a jihadi cell, a police official told the AP today. The four were arrested today, including one who "matches the description" of Abdelhamid Abaaoud—the man...

Homer Wasn't 'a Person': Historian

Iliad , Odyssey were works of a culture, not a man: Adam Nicolson

(Newser) - When we think of The Iliad and The Odyssey, we shouldn't give credit to a single man, says a historian: "It's a mistake to think of Homer as a person," historian Adam Nicolson tells National Geographic . "Homer is an 'it.' A tradition. An...

2 Sailors Killed in Recovery of Stricken Ferry

As distress call comes in from another ship in the region

(Newser) - Two Albanian sailors are the latest casualties in the Greek ferry disaster , killed today when they were hit by a line during attempts to secure the still-smoldering Norman Atlantic. One man died instantly, reports the AP ; the other died as medics worked on him. Dutch firm Smit Salvage is overseeing...

Rescued Ferry Rider: 'We Experienced the Titanic'

Passengers describe chaos, trampling; 7 now confirmed dead

(Newser) - Simultaneously battling driving rain, gale-force winds , freezing temperatures, flames, and smoke, Italian and Greek rescuers have painstakingly plucked all of more than 400 passengers and crew from a blazing ferry in the Adriatic Sea, reports CNN . In the course of the daylong rescue, they came upon four more bodies from...

1 Dead, Hundreds Still Stuck in Greek Ferry Disaster

Officials fighting gale-force winds, rough waters

(Newser) - A fire erupted on a ferry carrying 478 people from Greece to Italy today, leaving one person dead and trapping hundreds on top decks as gale-force winds and choppy seas hampered evacuation. The Italian Navy said that the victim and an injured person were transported by helicopter to the southern...

In Gale-Force Wind, Greece Evacuating Burning Ferry

Norman Atlantic in gale-force winds with nearly 500 aboard

(Newser) - A ferry carrying nearly 500 people caught fire off the Greek island of Corfu early today, trapping passengers on the top decks as gale-force winds and choppy seas hampered the evacuation. Greek and Italian Navy ships were heading to the area in a rescue effort. The fire broke out on...

'Underwater Pompeii' Discovered Off Greece

Buildings just 6 feet underwater near island of Delos

(Newser) - It was believed that underwater ruins off the Greek island of Delos were simply ancient docks—but now experts are telling a much more exciting story. They've found what's left of several buildings, including a pottery workshop, at the site just six feet below the surface. The ruins...

Bones in Ancient Tomb May Solve Greece Mystery

Whoever was buried at Amphipolis was clearly important

(Newser) - Archaeologists in Greece have made their biggest find yet inside an ancient tomb that goes back to the days of Alexander the Great: bones. The discovery at the site near what was once Amphipolis could finally answer the question of who was buried there in the 4th century BC, reports...

Remarkable new finds at ship that gave up Antikythera mechanism

 'Titanic of 
 Ancient World' 
 Gives Up 
 New Riches 
in case you missed it
Oct 12, 2014 7:02 AM CDT

'Titanic of Ancient World' Gives Up New Riches

Diver: 'This is the largest ancient shipwreck ever discovered'

(Newser) - As wrecks go, the one that gave up the 2,000-year-old Antikythera mechanism has long been considered a remarkable one. Even more so now: Archaeologists finished a three-week underwater excavation at the site off the coast of Antikythera in southern Greece on Tuesday and discovered that the ship was much...

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