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Staikouras

Greece Pays 4.3B Euros in Debts

The Deputy Minister of Finance, Christos Staikouras made an announcement on September 4 regarding the repayment of the outstanding debts equal to 4.3 billion euros by the state. Bureaucracy has slowed the repayment of debts to individuals, as the Ministry...

Greece Still Paying Dead Pensioners

Despite repeated investigations into fraudulent pensions, Greece is still paying 2,260 dead people, more than six months after the benefits were supposed to have been stopped, said Allternate Finance Minister Christos Staikouras. A census by the Finance Ministry said that...

Greek Economy Keeps Shrinking

With the government for a glimmer of a glimpse of a hope for the start of a recovery next year, the Greek economy shrank by 4.6 percent of Gross Domestic Product (GDP) in the second quarter of the year...

What Did Samaras Tell Schaeuble?

German Finance Minister Wolfgang Schaeuble met in Athens with Greek Prime Minister Antonis Samaras for only 40 minutes - 10 minutes longer than scheduled - on July 18 although the city center was shut down all day and all...

Greeks Squeezed For 7B Euros In Taxes

With expected tax revenues far off expectations because of the effect of austerity measures, Greek taxpayers are being pushed to come up with 7 billion euros ($9.13 billion) in tax payments due this year at the same time the...

Bill Paying Lags, Greek Deficit Grows

Just as Greece seemed to be heading toward getting back on its feet financially, the country's primary deficit grew in the wake of an attempt to regain credibility and pay back bills - a target that fell far short...

Greek Payroll Falls With 40,000 Retirements

Since the beginning of Greece's economic crisis in 2010, when then-prime minister George Papandreou asked for international bailouts after promising he wouldn't, more than 40,000 civil servants have retired, with the government payroll falling by 4.8 billion euros ($6.21...

Greece Recoups $17.6M From Pension Fraud

Still paying out unknown amounts in pensions to fraudulent claimants and even to the dead whose families haven't reported the deaths, Greece has recovered 13.6 million euros ($17.6 million) in false pension claims, government officials said, and that there...

Greece Wants To Join The Digital Age

As anyone who's been in a Greek public office can tell you, it's unsettling to see filing systems that include stacking piles of files on desks, in shopping carts and boxes and even on the floor, one of the...

Greece Closes In On Troika Deal

After weeks of arduous negotiations over long-delayed reforms, Greece and its international lenders neared agreement on most major issues, although it's still uncertain how the government will reduce the workforce. The Troika of the European Union-International Monetary Fund-European Central Bank...