Yanis Varoufakis, Greece - Current Affairs Questions and Answers

1)   Archaeologists have made which startling discovery at Pylos, Greece on 28th October 2015?

a. A warrior’s tools
b. A warrior’s grave
c. A warrior’s vest
d. None of the above
Answer  Explanation 

ANSWER: A warrior’s grave

Archeologists digging at Pylos, an ancient city in southwest Greece has discovered a grave of a warrior buried at the dawn of European civilisation. He has a bronze sword and collection of rings, jewels and seals. This is the first time since the 1950s that such a rich tomb has been found. The warrior was buried around 1500 BC, next to the site on Pylos on which, many years later, arose the palace of Nestor, a large administrative centre that was destroyed in 1180 BC, about the same time as Homer's Troy. The palace was part of the Mycenaean civilisation.

2)   After how many weeks, Greek banks are ready to open their branches across the country?

a. 3 weeks
b. 4 weeks
c. 2 weeks
d. 5 weeks
Answer  Explanation 

ANSWER: 3 weeks

Greeks will be able to withdraw 420 euros a week at once instead of just 60 euros a day, but the limit will effectively remain the same and capital controls will also stay in place. The shutdown is estimated to have cost the economy some 3 billion euros in market shortages and export disruption. Greece prepared yesterday to restart its struggling economy with a revamped government, a bank reboot and a new round of tax hikes agreed after months of fraught confrontation with its creditors.

3)   On 16th July’15 Hellenic Parliament of Greece gave its nod to the European Union mandated austerity related legislative measures. How many members voted in favor of the legislation against the strength of 300?

a. 253
b. 282
c. 229
d. 292
Answer  Explanation 


Out of total 300 strength of the unicameral legislature, the legislation was approved with 229 votes in favor, 64 against and six abstentions and won the support of three pro-European opposition parties. The approval of legislation by the Parliament gives much needed relief to Greece as people have been reeling under severe capital controls as their ATM withdrawals limited to 60 euro per day and banks and the stock exchange shut since 29 June 2015.

4)   Eurozone leaders have agreed to offer Greece a third bailout, after marathon talks held in ______.

a. Germany
b. France
c. London
d. Brussels
Answer  Explanation 

ANSWER: Brussels

Amid one of the worst crises in the EU's history, the head of the European Commission said the risk of Greece leaving the eurozone had been averted. Greek Prime Minister Alexis Tsipras said that after a tough battle, Greece had secured a growth package and debt restructuring. Greece will now have to pass reforms demanded by the eurozone by 15th July’15.