Politics
Cyprus
Cyprus Bailout Figure Said $13 Billion
With a new President in place trying to get a handle on an economic crisis that has seen banks pushed toward insolvency, Cyprus may need a bailout of some 10 billion euros, about $13 billion, far less than the...
Europe
Draenos’ Biography Reveals Andreas Papandreou
The Economist has featured on its website the biography of Andreas Papandreou by Stan Draenos, entitled Andreas Papandreou: The Making of a Greek Democrat and Political Maverick, published by I.B. Tauris, praising it as a keen analysis of modern...
Economy
Troika Back To Athens In April
Inspectors from the Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) said they would abruptly leave Athens on March 14 without reaching an agreement with the government over more promised reforms and wouldn't return until early April...
Economy
Greece, Troika Talks Break Down, Loan Put Off
Envoys from Greece's international lenders will leave Athens on March 14 after talks with the government failed to reach agreement on their demands for public sector layoffs and structural reforms.
Finance Minister Yiannis Stournaras insisted that there was progress and...
Crime
Golden Dawn MP's Immunity Lifted Again
The Greek Parliament, by an overwhelming vote of 205-3, voted to again lift the immunity of the neo-Nazi Golden Dawn party MP and spokesman Ilias Kasidiaris so that he can be prosecuted for assaulting two female MP's on a...
Energy
Turkey Disputes Greek Territorial Waters
Just a couple of weeks after Prime Minister Antonis Samaras met his Turkish counterpart Recep Tayyip Erdogan in Ankara to try to settle differences over territorial waters and oil and gas exploration in the Aegean, the two countries are...
Cyprus
Cyprus' Election Empowers The Politocracy
For some, the elections in Cyprus have ended in absolute euphoria. For others, it was a dismal disappointment. For better or worse, the people have made their choice and Nicos Anastasiades, the DYSI candidate and a familiar face in...
Europe
MEP Papastamkos Faints During EP Session
Giorgos Papastamkos, Vice-President of the European Parliament, fainted on March 13 during a plenary session. The voting session was about amendments in Common Agricultural Policy (CAP).
The debate was severe as CAP is the single largest recipient of the EU budget. Traditionally, countries of...
Business
EC Vice-President Tajani in Greece
Antonio Tajani, Vice-President of the European Commission, traveled to Greece on March 11, to take part in an event for small and medium companies SMEs, to promote international partnership. Along with him, representatives of European SME traveled to meet their Greek...
Crime
Greek Tax Cheat Breaks Withdrawn
After hostile reaction, the Greek government said it would not go ahead with plans to give tax cheats an 80 percent discount on fines they would have to pay for breaking the law, including some 2,062 people with $1.95...
Economy
Samaras, Troika Stuck On Worker Firings
While Greek government officials insisted that a one-day delay in talks between Prime Minister Antonis Samaras and envoys of international lenders was due to undisclosed technical matters, other media reports said the negotiations on the release of a 2.8...
Business
Gazprom, Greece Talk Gas Sale
With international lenders pressing for Greece to speed the pace of privatizations, Prime Minister Antonis Samaras met with the head of Russia's Gazprom, Alexei Miller, on March 12 to discuss the planned sale of Greece's national gas distributor DEPA,...
Crime
Papaconstantinou Relatives Won't Testify
The relatives of former Finance Minister George Papaconstantinou, whose names were deleted from a list of 2,062 Greeks with $1.95 billion in secret deposits in the Geneva, Switzerland branch of HSBC that hasn't been checked for tax evasion have...
Crime
Dendias Takes Swipe At Golden Dawn
In a transparent shot at the neo-Nazi Golden Dawn party accused by critics of leading assaults on immigrants, Greek Public Order Minister Nikos Dendias told cadets at the police academy that the government will not tolerate racism and assaults.
At...
Business
Samaras Wants Tax Break For Businesses
Prime Minister Antonis Samaras said that the austerity measures he's imposed on the orders of international lenders have done all they can and that he wants a flat corporate tax rate of 15 percent in order to bolster investment...