PASOK
Cyprus
Simitis Says Greece Needs New Debt Cut
Despite a $134 billion debt write-down last year and new international loans pouring in, Greece’s economy is still in such bad shape that the country needs another debt reduction, former prime minister Costas Simitis said he believes.
In an interview...
Economy
Democratic Left Loses Another Defector
The tiny Democratic Left, one of Prime Minister Antonis Samaras’ coalition government partners with his New Democracy Conservatives and the PASOK Socialists, has lost another Member of Parliament who quit because he said it has betrayed its principles.
At a...
Greece
New Democracy, SYRIZA Tie, But Samaras Rules
While Prime Minister Antonis Samaras’ New Democracy Conservatives are locked in essentially a dead heat with the major opposition party Coalition of the Radical Left (SYRIZA) for voter support, he has a nearly 2-1 edge as the people’s choice...
Economy
Samaras Relents, Farmers Offered Concessions
A meeting of the political leaders of Greece’s tripartite coalition government has reportedly agreed to relent to demands of protesting farmers to roll back Value Added Taxes on their products and equipment and give them cheap nighttime electricity as...
Crime
Lawmakers Get New Lagarde List CD
A CD containing the names of 2,065 Greeks with $1.95 billion in secret accounts in the Geneva, Switzerland branch of HSBC that hasn't been checked for tax evasion suspects for 2 1/2 years was given to a parliamentary...
Economy
Greek Seamen's Strike Rolls On
Striking Greek marine workers said they will continue their walk-out until Feb. 6, further testing the resolve of Prime Minister Antonis Samaras to force them to return to work as he did by sending riot police in to break...
Economy
Stournaras Slams Papandreou, Karamanlis For Crisis
Greek Finance Minister Yiannis Stournaras, upbeat that Greece will begin to recover from its crushing economic crisis as soon as October, and said it could have been averted if former Prime Ministers George Papandreou and Costas Karamanlis had taken...
Economy
Political Feuds Snarl Lagarde List Probe
A Greek parliamentary committee probe into the handling of a list of Greeks with secret Swiss banks accounts by former finance minister George Papaconstantinou has stalled over infighting between rival political factions.
Christos Markoyiannakis, a member of the ruling New...
Economy
Tax Evasion Wiping Out Real Estate Market
Unable or unwilling to collect $70 billion in unpaid bills of tax cheats, the Greek government’s turning to higher taxes for those who can’t evade them has pushed property taxes up 600 percent in less than three years.
The Greek...
Economy
Prosecutor Probes New Democracy, PASOK Loans
While banks are pressing austerity-crushed Greeks to pay back their loans in full despite big pay cuts, tax hikes and slashed pensions, prosecutors are probing why the New Democracy and PASOK Socialist parties who are partners in a coalition...