Stournaras

Tsipras Tells Stournaras: "You're Not a Colonel"

Using fiery rhetoric to draw an analogy to the military rule of the 1967-74 junta, major opposition party Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras blamed Finance Minister Yannis Stournaras for being behind the decision to shut...

Samaras OK's Temporary ERT Broadcast

Hounded by howls of protests within Greece and Europe over the closing of the national broadcaster ERT to meet demands by international lenders to start firing public servants, Prime Minister Antonis Samaras has reportedly agreed to let information programs...

Greece Gets 3.3B Euro Loan OK

While attention in Greece is locked squarely on the shutdown of the national broadcaster ERT and the crisis it has provoked with the coalition government, the country's international lenders privately approved release of a pending loan installment of 3.3...

Troika Back In Athens, Firings Seen Next

Inspectors from international lenders are due back in Athens on June 4 to check Greece’s books again in the ongoing progress of reviewing the pace of reforms, and the focus will reportedly be on the stalled issue of firing...

Stournaras Disputes OECD forecast

Greek Finance Minister said the Paris-based Organisation for Economic Cooperation and Development (OECD) was wrong in a report which predicted the country's recession would cointinue for a seventh year in 2014. The OECD report released on May 29 forecast that...

Onassis' Will Clouds Skorpios' Sale

The sale of the late tycoon Aristotle Onassis' private island of Skorpios by his granddaughter Athina to Russian billionaire Dmitry Rybolovlev, who reportedly bought it for his daughter Ekaterina, will be reviewed by the Greek Council of State to...

Economist Says Greece Doing OK

What a difference a year makes, especially for Greece. That's how the financial magazine The Economist has characterized the country's slow recovery, although with caution that it came at a heavy social price in joblessness and human misery. Greece has...

French Say Lagarde List Tax Collector

Disputing former Greek finance minister George Papaconstantinou's assertion that a list of 2,062 Greeks with $1.95 billion in secret Swiss bank accounts he received in 2010 from then French finance chief Christine Lagarde was "unofficial and confidential," French authorities...

Greeces Hopes OPAP Sale Speeds Privatizations

Greece Prime Minister Antonis Samaras said the sale of gambling monopoly OPAP shows that Greece is serious about making reforms as a condition of rescue aid.  The deal, which will give Czech-Greek consortium Emma Delta a 33 percent stake...

EU OK's $9.72B In Greek Loans

Greece got better news than expected when a meeting of Eurozone finance officials reportedly agreed to approve the release of two loan installments totaling 7.5 billion euros, some $9.72 billion, sources told the newspaper Kathimerini. Finance Minister Yiannis Stournaras...