Greece News December 2014

31/12/2014

Greens recover to beat European champion Maccabi
31/12/2014 00:09
Panathinaikos came from behind to defeat European champion Maccabi Tel Aviv 83-76 in Athens on Tuesday in its opening game for the top-16 of the Euroleague.Victory was crucial for Panathinaikos as it ...
Greek polling points to coalition as voters reject system
31/12/2014 11:36
By Nikos ChrysolorasGreek polling data suggest neither Prime Minister Antonis Samaras’s New Democracy nor the main opposition Syriza party will win an outright majority in next month’s election, m...
Morgan Stanley says hold onto your Greek bonds as election looms
31/12/2014 11:44
By Eshe NelsonGreek government bonds with longer maturities are worth keeping through a period of volatility as snap elections approach next month, Morgan Stanley (MS:US) said.A selloff in 10-year bon...
Eurozone no longer obliged to save Greece, Merkel ally says
31/12/2014 13:03
Eurozone politicians are not obliged to rescue Greece as the country is no longer of systemic importance to the single currency bloc, a senior member of German Chancellor Angela Merkel's party was quo...
Loud and clear
31/12/2014 14:42
The messages currently reaching Greece from all corners of Europe are absolutely crystal-clear.European countries, even those in the south, are ready to demand that whichever government is elected fol...

30/12/2014

Samaras has four weeks to trump SYRIZA on Greek economy
30/12/2014 09:01
By Marcus Bensasson & Nikos ChrysolorasGreek Prime Minister Antonis Samaras failed to convince lawmakers to stay the economic course he’s set. He now has less than four weeks to persuade Greece’s ...
Euro dips to 29-month low as Greek vote sparks anxiety
30/12/2014 09:59
By Shinichi SaoshiroThe euro dipped to a 29-month low against the dollar on Tuesday as the announcement of a snap election in Greece threw the country into a fresh round of political turmoil.The auste...
SYRIZA lead over ND narrows to three points in Marc poll
30/12/2014 10:41
Greek left-wing opposition party Syriza's poll lead over the ruling conservatives has narrowed slightly to 3.0 percentage points, according to a poll published after Prime Minister Antonis Samaras pro...
Fears grow about possible 40 passengers, including 32 Greeks, missing from ferry
30/12/2014 11:58
There are growing concerns regarding the fate of 40 people thought to have been on board the stranded Norman Atlantic ferry but who have so far not been accounted for.Italian authorities indicated tha...
Two Albanian sailors die in attempt to tow stricken Norman Atlantic
30/12/2014 12:29
Two Albanian seamen were killed when a cable connecting their tugboat to the fire-stricken ferry Norman Atlantic broke on Tuesday morning after towing the gutted ferry throughout the night."One man di...

29/12/2014

Greece faces crucial presidential vote that could trigger election
29/12/2014 02:03
By Renee MaltezouGreek Prime Minister Antonis Samaras faces a vote in parliament on Monday that will decide whether the country goes to snap elections that could bring the leftwing Syriza party to pow...
Hundreds still awaiting airlift on stricken ferry
29/12/2014 02:08
By Renee Maltezou and Gavin JonesItalian and Greek helicopter crews worked into the night to airlift passengers off a burning ferry adrift in the Adriatic Sea, battling darkness and bad weather that h...
Rescuers help 265 off stricken ferry, more than 200 still stranded
29/12/2014 09:04
Rescue teams working through the night have pulled 265 people off a stricken car ferry which caught fire off the coast of Greece but more than 200 are stranded on board, the Italian navy said on Monda...
Euro near two-Year low before Greek presidential ballot
29/12/2014 09:16
By Netty Ismail & Hiroko KomiyaThe euro traded 0.2 percent from a two-year low as Greece’s prime minister attempts to get his presidential candidate confirmed and avoid an early parliamentary electi...
Greek shorts ascendant in hedge against SYRIZA victory
29/12/2014 09:28
By Inyoung Hwang & Jonathan MorganOnly Russia has delivered a worse return than Greece for stock investors this year, and traders are showing little faith the equity market in Athens will rebound any ...

28/12/2014

Going above and beyond
28/12/2014 02:24
Members of the Greek Parliament have one last chance today to prevent the country from being thrown into a state of major upheaval.Personal rivalries between politicians, fears of what the political c...
Staff at Trikala Zoo challenge decision to relocate aged tiger
28/12/2014 02:32
By Lina Giannarou“They were like my children. First we lost Athina and now Foivos is leaving and I don’t understand why,” said Giorgos Petalas, superintendent at Trikala Zoo in central Greece. I...
Plaka’s listed status under threat
28/12/2014 02:33
By Giorgos LialiosWhat were the reasons behind the decline of Plaka, the Athens old town, during the 1960s and 1970s? Was it greed, neglect, or just plain stupidity?The answer is not as straightforwar...
Anger vs fear
28/12/2014 02:38
By Alexis PapachelasMost Greeks are vacillating between anger and fear. If, as all signs indicate, the country goes to elections, the outcome will be decided by which of the two eventually prevails. R...
Major rescue operation underway after ferry catches fire off Corfu
28/12/2014 10:57
A fire broke out on the car deck of a ferry carrying 466 people from Greece to Italy early Sunday, forcing authorities to order an evacuation.Nearby ships have been instructed to take passengers and c...

27/12/2014

Greek olive oil producers hoping to strike gold
27/12/2014 15:57
Greek olive oil producers are nursing high expectations this season as the exceptionally bad year in Italy resulting from the destruction of crops by bad weather and the olive fruit fly, as well as th...
Greek FinMin calls on Parl’t to vote for a president
27/12/2014 15:58
Greek Finance Minister Gikas Hardouvelis (photo) has issued a call for the country’s members of Parliament to elect a president during today’s crucial vote in the House, while also urging politica...
Pilot recalls last flight to Cyprus airport
27/12/2014 17:31
Capt. Adamos Marneros gazed with foreboding at the dots on the radar screen of his passenger jet as it prepared for landing on Cyprus.It was before dawn on July 20, 1974, and the view of from his cock...
Cold snap set to bring storms and snowfall
27/12/2014 18:13
A cold snap that took hold over the weekend is to continue this week with storms expected in many parts and snowfall in the north and mountainous parts of the mainland.Following several months of rela...
Dead Rhodes guard had been tortured
27/12/2014 18:14
Authorities on the southeast Aegean island of Rhodes were investigating over the weekend after a 60-year-old security guard was found dead, with his body bearing multiple marks of violence and torture...

26/12/2014

Atromitos signs Greece midfielder Katsouranis
26/12/2014 14:27
Atromitos announced on Friday the most impressive transfer of this winter’s window, the signing of former Greece skipper Costas Katsouranis.The defensive midfielder has signed a six-month contract w...
Honorary chief of AmCham in Greece calls on Papoulias to help the country
26/12/2014 16:32
Yanos Gramatidis, the honorary president of the American-Hellenic Chamber of Commerce, has called on President Karolos Papoulias (photo) to take the initiative in helping the country to overcome its p...
Greek exporters report earlier repayment
26/12/2014 16:34
Greece’s exports volume is only expected to shrink by 2-2.5 percent this year compared with 2013, according to the Panhellenic Exporters’ Association, as some signs of a small recovery in the sect...
Media veteran Fydanidis dies
26/12/2014 18:27
Veteran journalist Serafeim Fydanidis died in Athens on Thursday due to complications following heart surgery, the management of the capital’s Ippokrateio Hospital said. He was 77.Fydanidis served a...
Group claims failed bank bomb amid fears of new hit
26/12/2014 18:35
With police on standby amid fears of a new terrorist hit, an unknown group calling itself “Anarchist Attack Consortium” has claimed responsibility for a failed bomb attack on a bank in the northern ...

25/12/2014

Wanted: common sense
25/12/2014 13:00
In the wake of recent developments, a general election seems unavoidable. Partisan politics and a thirst for power on the part of Greece’s leftist opposition have regrettably fueled uncertainty and ...
The angry kingmakers
25/12/2014 13:00
By Alexis PapachelasAll signs suggest Greece is heading for an early general election. It could be one of the most crucial polls in the country’s modern history, in more ways than one. It is importa...
Samaras, Venizelos in drive to muster 180 votes
25/12/2014 13:20
Coalition leaders Antonis Samaras and Evangelos Venizelos have been busy over the holiday period in a bid to win over lawmakers in Greece's 300-seat Parliament to vote for their presidential candidate...
'Anarchist Attack Consortium' claims responsibility for failed bank bomb
25/12/2014 13:27
A group calling itself "Anarchist Attack Consortium" has claimed responsibility for a failed bombing attack against a bank in the early hours of December 10 in the northern Athenian suburb of Halandri...
Missing Thessaloniki hunter found dead
25/12/2014 13:41
A 63-year-old man who was reported missing while on a hunting expedition on the outskirts of Thessaloniki by his family on Monday was found dead on Wednesday, the police has said.A large search had be...

24/12/2014

Greeks used to years of chaos dismiss Samaras’s warnings of more
24/12/2014 11:38
By Marcus Bensasson & Eleni ChrepaAs Prime Minister Antonis Samaras’s political maneuvers to avoid early elections edge toward a dead end, his warning of turmoil risks falling on deaf ears among Gre...
Greek telecoms firm OTE agrees new labour deal that secures jobs
24/12/2014 15:41
Greece's largest telecoms operator Hellenic Telecoms (OTE) has signed a new three-year contract with its main labour union, securing 7,000 jobs for the next three years.OTE, 40 percent-owned and manag...
Alpha Bank in deal to manage problem loans
24/12/2014 17:02
Greece's fourth-largest lender Alpha Bank will launch a joint venture with Spanish financial services firm Aktua Soluciones Financieras to manage a substantial chunk of its non-performing loans, it sa...

23/12/2014

Tactical errors
23/12/2014 09:18
Greece’s main opposition party has committed a serious institutional blunder in suggesting that any MPs breaking from party lines in the ongoing presidential vote are essentially “apostates.”Mor...
More questions than answers
23/12/2014 09:18
By Pantelis BoukalasWhen we talk about “simple folk” – just to be clear, without any hint of condescension – we all know more or less who we’re referring to: people who don’t claim to have...
Man killed in Trikala trying to cross train track
23/12/2014 09:21
A 40-year-old man suffered fatal injuries on Monday night after being hit by a train bound for Kalambaka train at an unguarded crossing in Trikala in central Greece.The man, identified as an Albanian ...
Ex-PM George Papandreou said to be planning to announce new party by year-end
23/12/2014 10:07
Former Prime Minister and ex-PASOK chief George Papandreou is reportedly poised to announce the formation of a new political party, Skai television cited Parliamentary sources as saying early in Tuesd...
Armed robbers hit Aegio post office
23/12/2014 11:34
Two armed robbers made off with an unspecified amount of cash after holding up a post office in the northern Peloponnesian town of Aegio on Tuesday, the Athens-Macedonia News Agency reported.The two m...

22/12/2014

Euro shaky on ECB and Greece, dollar keeps edge
22/12/2014 09:52
By Ian Chua and Hideyuki SanoThe euro probed fresh two-year lows early on Monday in a subdued start to a holiday-shortened week, extending a multi-month trend of weakness against the dollar that many ...
Draghi starts squaring QE circle in month of persuasion for ECB
22/12/2014 10:03
By Jana Randow & Alessandro SpecialeMario Draghi has one month to win consensus on quantitative easing by showing he won’t endanger the European Central Bank.As officials prepare to consider soverei...
Government accuses SYRIZA and Independent Greeks of 'clear alliance'
22/12/2014 10:27
Government spokeswoman Sofia Voultepsi accused SYRIZA on Monday of forming a “clear alliance” with Independent Greeks to prevent a president from being elected, which would lead to snap elections.“...
Prosecutor gathers depositions in Independent Greeks 'bribe' probe
22/12/2014 10:41
Comedian Lakis Lazopoulos is due to give evidence today as part of the investigation into claims by Independent Greeks that there was an attempt to bribe one of their MPs.The lawmaker in question, Pav...
Parliament's ethics committee to look into independent MPs' comments
22/12/2014 12:22
Parliament’s ethics committee is to investigate comments made by two independent MPs, Odysseas Voudouris and Theodoros Parastatidis, in which they appeared to cast doubt on the motives of lawmakers ...

21/12/2014

Snubbing the moderates
21/12/2014 12:49
Greece is a strange country in decline. Just as the economy started to show signs of recovery, it looks like we are heading to elections and a long period of uncertainty, all over the election of a Pr...
Who lost Greece
21/12/2014 12:49
By Alexis PapachelasIf Greece collapses much will be said about where the fault lies. Sure, we all know the failings of Greek politicians. That said, much of the blame lies with outsiders who pushed G...
Samaras offers compromise solution with elections by end-2015
21/12/2014 14:11
Prime Minister Antonis Samaras proposed on Sunday afternoon a way out of current political conundrum calling for a consensus in the presidential election that would be followed by the formation of an ...
‘Crisis of confidence will come back again and again,’ says Thomas Piketty
21/12/2014 14:55
By Xenia KounalakiHe’s treated like a rock star wherever he goes to lecture. His book “Capital in the 21st Century,” a study on income and wealth inequality from the 18th century to ...
Agenda
21/12/2014 22:04
MONDAYListed companies Public Power Corporation, Texapret and Edrasi will hold general shareholders’ meetings.The Environment, Energy and Climate Change Ministry holds an event in Corinth, northern ...

20/12/2014

Explosive Barca unfazed by Panathinaikos, bomb scare
20/12/2014 00:58
By George GeorgakopoulosPanathinaikos lost 80-67 at home to Barcelona on Friday in a rather meaningless game at the end of the first group stage of the Euroleague, but the encounter will be remembered...
Get your facts straight
20/12/2014 12:42
The danger that political discourse in Greece will sink to the basest levels of vulgarity is already more than apparent from the allegations we have heard bandied about over recent days.The first resp...
The big picture
20/12/2014 12:45
By Nikos XydakisIn his second term, US President Barack Obama is taking steps to enshrine his legacy and solidify America’s standing in the 21st century.His recent decision to normalize relations be...
Search under way for ‘mastermind’ of bank-scamming gang
20/12/2014 14:57
Police on Saturday were looking for a 49-year-old man believed to be the ringleader of a gang that used falsified documents to draw money from the accounts of deceased depositors.Six suspected members...
Suspected migrant smugglers face prosecutor in Zakynthos
20/12/2014 15:04
Six Greeks and a Syrian suspected of running a migrant smuggling ring were questioned by a prosecutor on the island of Zakynthos on Saturday and face criminal charges.The suspects were arrested after ...

19/12/2014

Greek PM Samaras confronts peril putting his Greek transformation to vote
19/12/2014 10:42
By Jonathan Stearns and Nikos ChrysolorasPrime Minister Antonis Samaras has become the stabilizing figure during the Greek financial crisis. Now he’s facing a vote that may determine whether he beco...
Independent Greeks MP Haikalis claims attempted bribery for presidential vote
19/12/2014 11:08
Independent Greeks deputy Pavlos Haikalis claimed on Friday that an unidentified individual tried to bribe him to vote in favor of the coalition's candidate in the first round of presidential election...
Ship with 200 migrants off Pylos towed to Italy after passengers refuse to stop in Greece
19/12/2014 11:42
A ship carrying around 200 undocumented immigrants suffered engine problems off the coast of Pylos, in the Peloponnese, early on Friday, prompting an intervention by the Greek Coast Guard.According to...
Former premier Mitsotakis to meet President Papoulias to discuss political upheaval
19/12/2014 12:09
Former prime minister and New Democracy honorary president Constantinos Mitsotakis was to meet with President Karolos Papoulis at 2 p.m. on Friday after the former requested the meeting, citing rising...
Gov't spokeswoman says bribery claims 'badly-played charade,' heralds legal action if evidence not produced
19/12/2014 12:22
Responding to claims by Independent Greeks deputy Pavlos Haikalis on Friday that an unidentified individual tried to bribe him to vote in favor of the coalition's candidate in the first round of presi...

18/12/2014

Election looms as Samaras fails to win vote for president
18/12/2014 10:59
By Antonis Galanopoulos and Marcus BensassonGreece moved a step closer to early elections after Prime Minister Antonis Samaras failed to gather enough support for his nominee in a parliamentary vote f...
Europe's drama in Greece needs final act to avoid tragedy
18/12/2014 11:08
Judging from Wednesday's vote in the Greek parliament, Prime Minister Antonis Samaras may not get the mandate he wants to keep economic austerity measures in place and avoid defaulting on the country'...
Election looms as Samaras fails to win vote for president
18/12/2014 10:59
By Antonis Galanopoulos and Marcus BensassonGreece moved a step closer to early elections after Prime Minister Antonis Samaras failed to gather enough support for his nominee in a parliamentary vote f...
Eurozone bond yields fall as 'patient' Fed pleases investors
18/12/2014 11:39
Eurozone bond yields fell on Thursday after the U.S. Federal Reserve struck a more cautious tone than many had expected as the world's largest economy mulls raising interest rates.As predicted by many...
Youngsters’ memories of the anti-landfill blockades
18/12/2014 12:11
By Yiannis PapadopoulosIt was dawn on December 11, 2010, when the civil defense sirens sounded in Keratea, a small town in southeastern Attica, some 30 kilometers from the Greek capital. A few seconds...

17/12/2014

Pappas helps Greens overcome Aris
17/12/2014 00:08
By George GeorgakopoulosAn impressive Nikos Pappas averted an upset by Aris and ensured Panathinaikos retained its perfect record on Tuesday, one day after Olympiakos thrashed Panionios at Nea Smyrni ...
The secret is out
17/12/2014 09:33
Bank governors have an obligation to talk openly and honestly and to issue warning whenever they see any kind of major danger lying ahead.Comments made earlier this week by former finance minister and...
El Greco-inspired, metal sculptures in Russia
17/12/2014 09:33
By Elis KissSAINT PETERSBURG – Standing beneath the 101.52-meter gold-plated dome of the State Museum St Isaac’s Cathedral, Nikos Floros seemed visibly moved. Two works by the Greek artist...
High stakes
17/12/2014 09:33
By Alexis PapachelasGreece is going to have a crucial date with history in about three months from now, irrespective of whether or not 180 MPs end up voting for a new president and general elections a...
Public sector union holds work stoppage, demo
17/12/2014 10:13
Greece's public sector union ADEDY has called a three-hour work stoppage across Attica, from noon Wednesday, demanding the rehiring of dismissed public sector workers and the abolition of a mobility s...

16/12/2014

Showers, storms roll in from the west
16/12/2014 09:39
A wet front sweeping in from the west will bring showers and the occasional storm on Tuesday and Wednesday, starting in the islands of the Ionian on Tuesday and spreading across the mainland.Southerly...
Sense in the din
16/12/2014 10:02
The positions expressed by the leader as well as members of opposition SYRIZA have raised justified fears both locally and abroad.Making verbal threats of “playing the lyre” while international mark...
On the edge but not gutless
16/12/2014 10:02
By Pantelis BoukalasIn the adventures of Asterix the Gauls have only one fear: that the sky may fall on their heads. Superstitious folk in pre-Christian times, they pray to the Celtic god Toutatis and...
'Wee Jay' and idol Georgios Samaras receive Greek sports journalists' award at Athens gala
16/12/2014 10:12
A 10-year-old Irish fan of Greek striker Georgios Samaras was in Athens on Monday at the invitation of the Greek Sports Journalists' Association, which honored outstanding achievements in sports in a ...
Debts to Greek social security funds swell to 13.5 bln euros
16/12/2014 11:14
Outstanding debts to Greece's social security funds that have been forwarded for settlement swelled to 13.5 billion euros in November, data published on Tuesday from the Center for Social Security Deb...

15/12/2014

Stournaras says systemic risks low but vigilance needed
15/12/2014 09:05
The European Central Bank's recent monetary policy actions have reduced risks in the euro zone's banking system but strong vigilance is still needed, Greek central bank governor Yannis Stournaras said...
Samaras summons bond vigilantes with euro exit talk
15/12/2014 09:11
By Marcus BensassonAs he enters a critical week for his premiership, Prime Minister Antonis Samaras has awoken the bond market to the dangers of a political rupture in Greece.Samaras will put forward ...
Protesting Syrian refugees removed from Syntagma Square in Athens
15/12/2014 09:28
Dozens of Syrian refugees who had been protesting at Syntagma Square in central Athens for the past three weeks were removed early on Monday.Police escorted the Syrians to the Athens Aliens Bureau at ...
Samaras meets Finance Ministry officials to discuss outstanding troika issues
15/12/2014 09:48
Prime Minister Antonis Samaras is due to meet Finance Ministry officials on Monday to discuss the next steps Greece has to take towards closing out the ongoing troika review.Despite the uncertainty su...
Blast causes minor damage at Thessaloniki tax office
15/12/2014 11:07
A tax office in Thessaloniki was damaged early on Monday when a rudimentary explosive device went off at its entrance.Police said the device contained three camping gas canisters and had been placed o...

14/12/2014

Lessons not learnt
14/12/2014 15:57
The crisis did not come without warning. Former Premier Costas Karamanlis knew serious fiscal measures were needed in spring 2009 to avoid bankruptcy but failed to act due to electoral concerns. Georg...
Heading toward the iceberg
14/12/2014 15:57
By Alexis PapachelasThese are tough times we’re going through. Society has reached its limit and has every right to react angrily, if not irrationally. The country’s political staff has made a rea...
A friendly yet firm message from Pierre Moscovici
14/12/2014 16:03
By Eleni VarvitsiotiBRUSSELS – Only 40 days have passed since Pierre Moscovici took over as European economic and financial affairs commissioner but he has already played a vital role in helping...
Agenda
14/12/2014 21:05
MONDAYDeputy Development Minister Gerasimos Giakoumatos hosts a press conference at the ministry to present the “Greek Mark” at noon.Prime Minister Antonis Samaras meets with European Commissioner f...
Worries grow among foreign fund heads
14/12/2014 21:12
By Anestis DokasInvestors both in and outside of Greece are expressing concern about the recent political developments in e-mails to the Finance Ministry, the Bank of Greece and the managers of the co...

13/12/2014

Olympiakos beats Red Star in fan brotherhood party
13/12/2014 00:58
By George GeorgakopoulosOlympiakos was the winner in the red-and-white party at the Peace and Friendship Stadium on Friday as it came from behind to beat Red Star Belgrade 64-59.A capacity crowd in Pi...
Thousands of children journey into the unknown
13/12/2014 14:14
By Yiannis PapadopoulosAs the people carrier parks at the port of Mytilene on Lesvos in the eastern Aegean, the passengers crack open the curtain to get a glimpse of the docked ferry boat. Eight teena...
Pedestrian killed in Thessaloniki
13/12/2014 17:49
A 24-year-old man was arrested in Thessaloniki on Saturday after he lost control of his car in the early hours of the morning and hit and killed a pedestrian.Police did not give further details about ...
Gas station robbers caught in Imathia
13/12/2014 17:50
Two men, aged 18 and 19, who had robbed a gas station at gunpoint in Patrida, Imathia on Saturday before fleeing with 1,530 euros, were detained and charged a couple of hours after the incident, polic...
Police issues warning over bogus tax rebates emails
13/12/2014 17:51
The Greek police’s cyber crime unit issued a warning over the weekend regarding a series of bogus e-mails addressed to taxpayers with regard to tax rebates.The e-mails appeared to have been sent by ...

12/12/2014

Greens pay for their turnovers with loss at Milano
12/12/2014 00:22
By George GeorgakopoulosPanathinaikos suffered its fourth loss in five away games this season in the Euroleague going down 66-64 at Armani Milano on Thursday to confirm it will finish third in its gro...
PAOK stunned by Guingamp to bid Europe goodbye
12/12/2014 00:48
By George GeorgakopoulosPAOK crashed out of the Europa League, having the same fate as Panathinaikos and Asteras Tripolis, as it lost at home to France’s En Avant Guingamp on Thursday, to leave Olym...
Shots fired at Israeli embassy in Athens
12/12/2014 10:11
Greek authorities are investigating a pre-dawn, drive-by gunfire attack on the Israeli embassy in Athens, which caused no injuries or damage.Police closed off a major road outside the embassy early Fr...
IMF says Greece intends to treat program as precautionary
12/12/2014 10:13
Greece does not plan to draw on money from the International Moentary Fund for the remainder of its loan program, an IMF spokesman said on Thursday."Certainly it's our understanding now that the autho...
Romanos and the dilemma
12/12/2014 10:20
By Xenia KounalakiThe debate about anarchist and convicted bank robber Nikos Romanos was held amid tension and heightened emotions fueled by the 21-year-old inmate’s life-threatening hunger strike.T...

11/12/2014

Greece reruns doomsday scenario as politics collide with markets
11/12/2014 10:29
By James G. NeugerPolitical tumult in Greece, plunging stock and bond markets, the threat of default and exit from the euro: the script is eerily similar to the nightmare scenarios of 2010 and 2011.De...
Two dead following heavy rain in Thessaloniki, Kilkis
11/12/2014 10:29
The bodies of two men were retrieved by members of rescue teams in Thessaloniki and Kiklis, northern Greece, following heavy rainfall in the area, raising the number of dead to four since last Saturda...
German yields pinned at record before ECB loan handout
11/12/2014 11:19
By Emelia Sithole-MatariseGerman bond yields were pinned at record lows on Thursday before the European Central Bank's second handout to banks of long-term loans that could reinforce bets for more agg...
Moscovici to visit Athens
11/12/2014 11:30
France’s Pierre Moscovici, EU Commissioner for Economic and Financial Affairs, Taxation and Customs, is expected in Athens next Monday and Tuesday (December 15-16) it emerged on Thursday.“I will b...
Maria Damanaki to head Natural Conservancy's ocean division
11/12/2014 12:00
Greece’s Maria Damanaki, former EU Commissioner for Maritime Affairs and Fisheries is heading to The Nature Conservancy (TNC) to lead the organization’s oceans division, it was announced Thursday....

10/12/2014

The beast of populism
10/12/2014 10:03
By Alexis PapachelasGreece experienced a long period during which freedom of speech could not be taken for granted. Ostensibly, after the restoration of democracy, freedom of speech became a firmly es...
Greek police destroy bomb outside bank following warning call
10/12/2014 10:15
Greek police on Monday morning destroyed a bomb by controlled explosion outside a bank in northern Athens, following a warning call to a newspaper. There was no damage or injuries.Police said the site...
3,419 died in Mediterranean in 2014 trying to reach Europe, UN says
10/12/2014 10:32
More than 3,400 people have died in the Mediterranean this year trying to reach Europe, the UN refugee agency said Wednesday, urging governments to take more action to save lives.More than 207,000 peo...
Greek bonds fall, yield curve inverts on political fears
10/12/2014 10:42
Greek bonds extended losses on Wednesday, with yields on short-dated debt spiking sharply above longer-dated ones, as investors worried about the upcoming presidential elections that could catapult th...
Europe rights body blasts Cyprus jail overcrowding
10/12/2014 10:46
Europe's leading human rights body said Tuesday that Cyprus needs to take action aimed at alleviating overcrowding at the country's sole prisons complex.The Council of Europe's Committee for the Preve...

09/12/2014

Clearing the air
09/12/2014 09:49
The government’s decision to move forward the parliamentary election for a new president from February to next week was the right way to go in order to snap the country out of the paralysis of polit...
Moment of truth
09/12/2014 09:50
By Alexis PapachelasWhether the 180 deputies needed needed to elect a new president are found or not, the moment of truth for the country and its politicians will come on February 28. If 180 MPs in th...
Students occupy university building in Thessaloniki
09/12/2014 09:49
The administration building of Aristotle University in Thessaloniki had been occupied by a group of unknown individuals, the Athens-Macedonia News Agency reported on Tuesday, saying that the instituti...
Scientists to offer a glimpse of Antikythera shipwreck discoveries
09/12/2014 10:12
By Margarita PournaraArchaeology buffs experiencing withdrawal symptoms since the information flow from the Amphipolis excavation in northern Greece slowed to a trickle over the past few weeks can alw...
Former ND premier expresses disappointment at gov't decision
09/12/2014 10:15
Former Prime Minister and New Democracy Honorary Chairman Constantinos Mitsotakis expresses his disappointment in a decision Monday by the coalition government to move forward presidential elections b...

08/12/2014

Greek Parliament passes 2015 budget
08/12/2014 01:00
MPs approved the government's budget for next year early on Monday after a weekend of debate in Parliament.The vote took place at around 1 a.m., with X MPs voting in favor, X against and X present.Mor...
ECB's loans offer clues in quantitative easing guessing game
08/12/2014 09:34
By Robin EmmotThe guessing game over the timing of euro zone money printing will intensify as the European Central Bank unveils a closely watched gauge of policy in the coming week, the highlight of a...
Tsipras soothes investors as power draws closer
08/12/2014 09:39
By Nikos Chrysoloras, Marcus Bensasson & Antonis GalanopoulosAs Alexis Tsipras moves closer to winning power in Europe’s most indebted country, he’s trying to convince bond investors they have not...
Father of hunger striker Romanos due to meet Samaras
08/12/2014 09:57
The father of hunger striker Nikos Romanos is due to meet Prime Minister Antonis Samaras.Romanos, 21, is entering the 28th day of his hunger strike, demanding prison furloughs so he can study at Athen...
No response from troika ahead of Eurogroup
08/12/2014 10:37
Finance Minister Gikas Hardouvelis heads to a Eurogroup meeting on Monday with the troika yet to respond to Greece’s latest communication in the ongoing negotiations over the pending review.As a res...

07/12/2014

The crucial voters
07/12/2014 15:40
There are forces inside and outside the country that would like to see Greece collapse. Outside, there are certain international players who are testing the tolerance of Greece’s society and politic...
Facts and pipedreams
07/12/2014 15:41
By Alexis PapachelasGreece faces a geopolitical conundrum: Even if it wanted to make a move on the regional chessboard, it would find very limited room for manuever.There was a time when Greece could ...
New initiative offers support and a helping hand
07/12/2014 15:42
By Ioanna FotiadiPeople who have lost their health insurance and are in urgent need of a doctor, who are struggling with debt and seeking legal advice or who have been unsuccessfully looking for work ...
Athens cleans up after protests over police killing
07/12/2014 15:44
Athens was assessing the damage Sunday after a night of protests that degenerated into violence on the sixth anniversary of the police killing of a teenager.A total of 296 people were detained during ...
Germany to end credit guarantees for exports to Greece
07/12/2014 17:22
The German government will stop issuing credit guarantees for exports to Greece at the end of the year because private insurers have signaled they are ready to cover the risks of non-payment themselve...

06/12/2014

Acclaimed writer Menis Koumandareas, 83, found murdered in Athens home
06/12/2014 12:07
The acclaimed Greek writer Menis Koumandareas was found murdered in his home on Saturday morning in the central Athenian neighborhood of Kypseli.The 83-year-old writer lived alone. His body was discov...
Police find more than 91,000 contraband items in Athens apartment
06/12/2014 14:51
Police on Saturday raided an apartment in central Athens and found more than 91,000 pieces of contraband retail products, including over 33,000 pairs of knock-off designer sunglasses and 24,000 brand ...
Lawyers to begin extended strike action on Monday
06/12/2014 14:52
Lawyers begin what they have threatened will be extended strike action on Monday in protest at proposed changes to the country’s penal code.Last week, 93 percent of some 23,000 lawyers nationwide wh...
Two earthquakes rattle eastern Aegean island
06/12/2014 14:53
Seismologists appear unconcerned by a double earthquake that shook the eastern Aegean island of Lesvos in the early hours of Saturday.The first of the tremors, measuring 5.1 on the Richter scale, stru...
Kilkis farmer killed in tractor after being swept up in flooding
06/12/2014 14:55
A 77-year-old farmer who was reported missing in northern Greece on Saturday was found dead by search teams later in the day, trapped in his tractor, which had been swept by flooding that swamped the ...

05/12/2014

Davutoglu to visit Athens amid reports the Barbaros has found hydrocarbons
05/12/2014 10:41
Turkish Prime Minister is due to arrive in Athens on Friday afternoon for talks with his Greek counterpart Antonis Samaras, and participation in the 3rd Greek-Turkish High-Level Cooperation Council, a...
Arsonists and vandals target banks, public buildings in overnight barrage of attacks
05/12/2014 11:19
Arsonists and vandals targeted a series of banks and public buildings in overnight attacks that caused no injuries, police said on Friday.Shortly after 10 p.m. on Thursday night, assailants used a sle...
ILO warns over flatlining wages, below 2007-level in Greece
05/12/2014 11:44
Wages in developed countries are flatlining and even falling in some places, holding down economic growth after the financial crisis and increasing the risk of deflation, the International Labour Orga...
Parthenon Marbles sculpture leaves Britain for first time
05/12/2014 12:03
Part of the Elgin Marbles has left Britain for the first time since they were taken from the Parthenon in 1803, on loan to a Russian museum, the British Museum said on Friday.The museum has loaned one...
Ski Season to Open @ Revamped Parnassos Ski Center
05/12/2014 12:46
The renovated Parnassos Ski Center, will open its doors to ski lovers on December 20. The new look includes ultramodern lifts, part of an investment project of €17 million; for the first ...

04/12/2014

Foolish tactics
04/12/2014 09:40
One of the biggest mistakes Greece repeatedly makes when holding international level talks is believing that the mediators and negotiators involved are all playing some kind of game and serving their ...
Election anxiety
04/12/2014 09:40
By Costas IordanidisThe ongoing crisis between the government and the troika has been magnified to dramatic proportions by the specter of early general elections if the present parliament fails to ele...
Doctors Without Borders hits Greece on refugees
04/12/2014 09:40
By Nicholas PaphitisThousands of men, women and children fleeing war-ravaged countries face dreadful holding conditions and a dysfunctional reception system after risking their lives in smuggling boat...
Afghan interpreters of the Greek army speak out
04/12/2014 10:22
By Filio P. Kontrafouri*Armed with assault rifles, the guards shut the iron gate behind the two young Afghans walking hurriedly through the garden to the last table near the back wall. They produce th...
Driver rescued from flood in Thessaloniki after heavy rain
04/12/2014 10:26
A man whose car was swept away by a flash flood while he was driving in a rural part of Thessaloniki was rescued from the vehicle and in good health early on Thursday, the Athens-Macedonia News Agency...

03/12/2014

Dangerous end-games
03/12/2014 09:38
It is very hard to understand the end game that some people have conjured up in their minds. What is the objective of the adjustment program that has been imposed on Greece?The reasonable answer would...
Pain and honesty
03/12/2014 09:52
At some point, reason will have to prevail. Greece’s conservative-led government has proposed a painful albeit honest compromise with the troika of foreign lenders. Some of the measures it has come ...
Troika responds to Greek government, wants more commitments
03/12/2014 11:28
The troika responded early Wednesday to the Greek government’s proposals for breaking a deadlock over the program review asking for fresh commitments and extra feedback from Athens before officials ...
Greek police clash with protesters in Athens
03/12/2014 11:31
Greek police fired teargas to disperse dozens of protesters who hurled petrol bombs at police and set alight cars and garbage containers in central Athens late on Tuesday, police officials said.The cl...
Oil price plunge lends unexpected hand to ailing southern Europe
03/12/2014 11:37
Patrick Donahue & Esteban DuarteThe plunging oil price is giving an unexpected lift to Europe’s crisis-battered southern periphery as decreasing fuel costs help spur demand.Spain, Europe’s fourth-...

02/12/2014

President cannot be elected 'without apostasies,' says SYRIZA's Tsipras
02/12/2014 09:46
Opposition SYRIZA leader Alexis Tsipras on Monday accused the coalition government of stirring "apostasies" over the election of the next president of the republic after the term of incumbent Karolos ...
Some restraint would not go amiss
02/12/2014 10:58
Greece has paid a dear price for politicians who use exaggerated language or adopt extreme positions. Consequently, politicians of the younger generation, such as the chief of the main opposition part...
Berlin’s toughening stance
02/12/2014 10:59
By Alexis PapachelasMany have been surprised by the tough stance that has been adopted by the troika toward the Greek government even though the lenders had made it clear that this was going to be the...
‘There has to be some forgiveness,’ says Schroders economist on Greek debt
02/12/2014 11:21
By Georgette ZolotaGreece’s chances of negotiating a debt relief deal with the eurozone next year or in 2016 will be better than they have been until now, according to Schroders economist Azad Z...
Sklavenitis keeps expanding, acquiring 60-pct stake in Cretan supermarket chain
02/12/2014 11:22
Greece's third-biggest retail group, Sklavenitis SA, has announced the acquisition of a 60 percent stake in the family-owned Cretan supermarket chain Chalkidakis, expanding its presence further after ...

01/12/2014

Loeb-backed Cypriot bank chief sees opportunity in chaos
01/12/2014 08:47
By Maria PetrakisHellenic Bank Pcl, the Cypriot bank controlled by hedge-fund manager Daniel Loeb and online games developer Wargaming Pcl, sees opportunity in chaos to expand and seize market share f...
Innovation hatching in Greece amid slow economic revival
01/12/2014 08:55
By Sophie MakrisA taxi-tracking tool, a head-hunting engine and a vertical gardening company -- all business startups that have paradoxically emerged from a Greek economy long in the doldrums.Faced wi...
Minister, parties support hunger striker's right to study from prison
01/12/2014 09:32
Education Minister Andreas Loverdos has declared himself in favor of prisoners being allowed to study as anarchist and convicted bank robber Nikos Romanos enters a fourth week of hunger strike in prot...
Greece sends proposals to troika in hope of breaking review deadlock
01/12/2014 10:22
The Greek government is expecting a response from the troika at the beginning of this week after sending proposals on Sunday morning aimed at unblocking the stalled review of the country’s program.T...
Five arrests for baby trafficking in Kozani
01/12/2014 10:48
Five people – three Greeks and two Bulgarians - have been arrested in Kozani, northern Greece, for baby trafficking.The arrests came after authorities’ suspicions were raised when a 23-year-old Bu...

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