Yannis Stournaras

Greece Will Tell Troika: No Public Firings

Inspectors from Greece's international lenders who returned to Athens on March 3 to assess progress on reforms to meet fiscal targets are going to be told that the government will not begin firing of public workers as ordered because...

Greece Fears Troika Wants Fast Firings

Inspectors from the Troika of Greece's international lenders will return to Athens next week as the uneasy coalition governments they will demand a picked-up pace of layoffs and firings to reduce the public workforce by 25,000 this year. Worried about...

Illegal Fuel Trade Moves to Ships

A leveling of Greece's special consumption tax on diesel with that of heating oil hasn't stopped illegal fuel trading and government officials are now concerned that's moving to the shipping industry as well and are planning steps to...

Greek Lawmakers OK Law to Unlock Aid

Greek lawmakers have approved a series of long-delayed reforms demanded by international creditors, taking the country a step closer to securing its next multi-billion euro aid installment. Eurozone countries and the International Monetary Fund insisted Greece approve the steps...

Stournaras Says No More Heating Oil Help

With temperatures falling and many Greeks unable to afford heating oil because of huge tax increases on the fuel, Finance Minister Yiannis Stournaras said the government can't afford to provide more oil subsidies to help the poor and told...

Stournaras Says Greek Default Still Possible

Despite an incoming influx of 54.5 billion euros ($69 billion) in more rescue loans from international lenders as part of a second bailout of 130 billion euros ($173 billion) Greek Finance Minister Yannis Stournaras said there's still a chance...

Stournaras Sees Greek Recovery Late 2013

Greece's economy recession is expected to continue for a sixth straight year in 2013, but there may be signs of growth after the second half of the following year, the country's finance minister said Saturday in a Greek newspaper. "After...

Greece Wants Jail Time for Tax Cheats

Greece's government plans to push for a tougher stance against tax dodgers - including jail - in the new tax bill to be tabled at the parliament next week, Greek Finance Minister Yannis Stournaras said on Dec. 5. The draft...

Samaras Rules Out Top Tax Rate on Middle Incomes

Greek Prime Minister Antonis Samaras on Tuesday dismissed talk his government would slap a top tax rate on middle incomes in an effort to bridge a rift in his ruling coalition over a tax reform bill demanded by the...

Stournaras Says EU/IMF Lenders Refuse to Concede on Reforms

Greece's foreign lenders have refused to make any further concessions on changes to labour laws contested by a junior coalition partner, the country's finance minister said on Sunday, prolonging an impasse on a crucial austerity package. Athens has been locked...