The new dividing line that crosses the Greek and possibly other European societies is a combination of nationalism and isolationism against the desire to innovate and adapt to the demands of the modern world.

European Central Bank data show that at the end of 2013 the number of credit cards in Greece decreased to 2.926 million while back in 2008 6.9 million of them were circulating

This is what the British finance minister, George Osborne, said after his meeting with his Greek counterpart Yannis Varoufakis who failed to make any statements after the meeting.

Greek Prime Minister Alexis Tsipras has decided to put the government’s economic policy, the negotiation of public debt and the supervision of the bank system under the full control of Deputy Prime Minister Yannis Dragasakis.

Villages near the mouth of the river Arachtos were preventively evacuated as water levels rose abruptly after the release of the reservoir in the Pournari region.

Eurobank’s management board has accepted the resignations of its former chairman Panagiotis Thomopoulos and CEO Christos Megalou. They were replaced by Nikos Karamouzis and Fokion Karavias respectively. The bank’s  board of directors saw no other changes.

In a letter to the board, Mr. Megalou explained his resignation with his decision to accept the post of adviser to Fairfax Financial in Toronto, Canada.

One week after the elections, which led to the coalition government of SYRIZA and the Independent Greeks, a confrontation with the Eurozone and a fragile balance with the United States and in domestic politics have already emerged, writes journalist Kostis Papadiochos