Tagged: for

After Eurogroup upset, government looks for way forward

The government is mulling the way forward after Thursday’s Eurogroup, which piled more pressure on Athens to legislate measures now for the period after 2018, when the country’s third bailout ends. And to make matters worse for the government, it is not just the International Monetary Fund that is demanding these measures, but all creditors […]

Critical week ahead for Cyprus

Authorities in both Greece and Cyprus sought to give positive signals over the weekend about the prospects for a resolution to the longstanding division of the island ahead of a landmark multiparty summit scheduled to take place on Thursday in Geneva even though the meeting is expected to launch an open-ended procedure that could last […]

Roupa, Maziotis call for release of 5-year-old son

Authorities are expected to decide next week on the fate of the 5-year-old son of Panagiota Roupa, a leading member of the Revolutionary Struggle guerrilla group who was arrested in Athens early on Thursday. Roupa and a 25-year-old alleged accomplice were remanded in custody this week on charges of running a terrorist organization. Apart from […]

Greek ferry strike called off, for now

The Greek seamen’s union (PNO) “temporarily” suspended its strike on Saturday, in anticipation that the government will stick to its pledge not to hike taxes in their sector. The strike, which had been scheduled to end on Sunday, was cut short after a meeting on Saturday of the union’s executive council which, however, said that […]

Crucial week looms for government and SYRIZA

The government faces a challenging week, beginning on Monday when eurozone officials are to decide whether to unlock 2.8 billion euros in loans to Athens and culminating with SYRIZA’s four-day party conference starting on Thursday. Finance Minister Euclid Tsakalotos is to face his eurozone counterparts in Luxembourg for an assessment of Greece’s progress in implementing […]

Public properties being sold for a fraction of their actual value

Public properties, including real estate assets, are very often sold for extremely low prices, as the political risk factor supersedes even the crucial financial risk that comes with investing in Greece. The Hellenic Federation of Enterprises (SEV) this week commented on the issue, saying that this institutional shortfall of the Greek state and the lack […]

Three people arrested for blackmail on Crete

Police in the town of Rethymno on Crete have arrested a 68-year-old man and two accomplices for allegedly blackmailing a woman, 34, and a man, 38, on two separate occasions with the threat of violence, and extracting a total of 40,000 euros from them. The main suspect had originally been detained for livestock theft but […]