Greece
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Euclid Tsakalotos

Online Auctions Overshadow Greek Bailout Progress

Monday's crunch Eurogroup meeting may have praised Athens for legislating 95 of 110 “prerequisites” needed to access bailout funds but stressed the need for online auctions before a next loan tranche is disbursed in February. Greece’s government has committed to...

Anarchists Storm Ministry of Finance in Athens

A group of around 30 people believed to be members of the Greek anarchist group Rouvikonas (Rubicon) stormed the Finance ministry in the center of Athens. The group entered the main entrance of the building at Nikis Street and reached...

Santorini, Crete Join Mykonos to Fight Casinos

                Local authorities in the Greek islands of Santorini and Crete have hit out at government plans to allow the casinos to open on the popular tourist destinations. Last week, the mayor of cosmopolitan Mykonos sent a letter to Prime Minister Alexis...

Banking Union not Enough to Save Eurozone

Greek Finance minister Euclid Tsakalotos tackles the eurozone's banking and financial challenges in an article he contributed to the Financial Times newspaper. The Fin Min claims that debate in recent months over the extent to which a fully operational banking...

Communists at Home, Capitalists Abroad (videos)

The hypocrisy of Greece's leftist government became evident once again last week, in two continents nonetheless. The administration that came to power promising to end austerity, corruption, tax evasion and protect the poor, and then did the exact opposite of...

Greece Reaches Deal with Creditors on Reforms under Bailout Review

Greece and its international creditors agreed on a set of economic reforms the country must undertake in exchange for fresh loans. The agreement on a range of often politically sensitive measures - covering fiscal issues, energy and labor market reforms,...

Greek Gov't: We will Protect Homes of Working Class from being Auctioned

The Greek government will protect the primary residences of low income families from being auctioned off, government spokesperson Dimitris Tzanakopoulos said on Thursday. The statement came after the meeting of the SYRIZA political council, chaired by Prime Minister Alexis Tsipras....

Greek FinMin: Family of 4 with €12,000-18,000 Income is Middle Class

Greece's Finance Minister Euclid Tsakalotos on Wednesday said that a family of four with an annual income of 12,000-18,000 euros is middle class, and they qualify for a social dividend of 500 euros. Speaking in parliament, Tsakalotos said that the...

Greece Eases Up on Capital Controls Again

Finance Minister Euclid Tsakalotos signed a decree easing capital controls in the country. According to the new regulations, Greek residents will be able to withdraw 100 percent of money transferred from abroad to current accounts opened in Greek credit institutions,...

Tsakalotos: Greek Banks in Danger if Home Auctions don't Resume

Finance minister Euclid Tsakalotos has warned his party's MPs that if foreclosed home auctions don't resume, Greek banks could be facing recapitalization issues. Speaking to SYRIZA parliamentarians, Tsakalotos was referring to the notaries' announced abstention from duty until December 31,...