While George Papaconstantinou still enjoys family vacations in the Netherlands, coalition government and opposition parties clash with each other in Athens on the perspectives of the probe against the former finance minister. On Monday, the last day of 2012, a government proposal signed by 71 MPs was submitted to the Parliament. A proposal …

Two private cars belonging to former finance and defence minister Yiannos Papantoniou became the target of arsonists in the early morning hours of Friday. According to Greek media, shortly after 3:30 a.m. devices consisting of gas canisters exploded, destroying completely the two cars and causing some damages to Papantoniou’s residence.  more pictures …

Banks in Greece, Spain and Portugal face increased risks from the climate change, according to a joint report by the European Central Bank (ECB) and the European Systemic Risk Board (ESRB) published on July 1. Greece and other southern EU countries are exposed to increased risks, on the one hand …

Former finance minister and high-ranking member of left-wing SYRIZa, Euclid Tsakalotos, commented on media reports that his name was on the list of those to potentially replace Christine Lagarde as Managing Director at the International Monetary Fund. In a post on Facebook, Tsakalotos wrote that he had to consult the …

Prime Minister Alexis Tsipras announced on Monday the much anticipated increase of minimum wage. During a cabinet meeting that was live broadcast, Tsipras said that the minimum wage will be increased from 586 euros gross to 650. He added that the sub-minimum wage for those up to 25 years old, …

The International Monetary Fund referred  Greece to Brussels, when Finance Minister Euclid Tsakalotos presented the government’s arguments that cutting pensions was not a structural measure. During the meeting with IMF’s Managing Director Christine Lagarde and the head of the Fund’s European department Poul Thomsen in Bali, Tsakalotos argued that there …

A historic day. The end of bailout program. The begin an new era. Lenders celebrate the “great news.”The Greek government cheers. Greece ‘s creditors and and the country’s government congratulate each other. Internationale media are in euphoria. A success story with happy end. You did it! Congratulations to Greece and its …

“Greece has gone through a very long period of economic adjustment and is now preparing to stand on its own feet as the program is approaching its expiration in August,” Eurogroup President Mario Centeno told the Athens-Macedonian News Agency (ANA) in an interview on Tuesday, noting he sees “enormous potential” …

Greece’s top court, the Council of state ruled on Wednesday that the tax service does not have the right to take into consideration transactions and deposits of bank accounts in Greece that are older than five years from the time of its audit.  It is the second ruling of CoS …

A young woman was stabbed and bled to death in a cemetery in Athens on Wednesday afternoon. The 32-year-old was working at the judicial department of the Financial Crimes Units (SDOE) of the Greek Finance Ministry. The young woman was reportedly stabbed in the back several times, while she had …

Famous film director Costas Gavras plans to bring the book of Yanis Varoufakis’ “Adults in the Room” to the big screen. Gavras who is famous for his political films said in a letter to the former finance minister that he felt inspired to turn the book into a film as …

The International Monetary Fund (IMF) Executive Board has given “in principle” approval to a new programme for Greece but made this conditional on both assurances from Greece’s European lenders and that reforms remain on track and the debt is sustainable. ‘In principle’ the IMF decision is positive for Greece, in …

German finance minister Wolfgang Schaueble has once again criticized the International Monetary Fund in the debt debate with the European creditors about Greece. Should the pessimistic growth assumptions of the Fund come true, all aid programs for Athens were in vain, he said at an event in Berlin on Tuesday. …

The meeting of the board of directors of the International Monetary Fund on Monday showed two things. First: A stand-off with the European lenders over the terms and future of Greece’s bailout and consequently the participation of the Fund in the Greek program. Second: “a rare public split on the …

Thousands of tax affairs of wealthy individuals “suspected” of tax evasion are at risk to be written off due to statute limitation at the end of the year. Most of the cases are included in 65 CDs containing the names of 1.3 million taxpayers who have made deposits and withdrawals …

Prime Minister Alexis Tsipras proceeded to the much awaited government reshuffle late Friday evening. with reshuffling the cabinet, the Greek PM aims to speed up reforms needed for the second program review but also to boost popularity of the government, see left-wing Syriza and nationalist Independent Greeks (ANEL). Tsipras kept …

French President Francois Hollande revealed that Prime Minister Alexis Tsipras wanted to print Drachmas in Russia. In a book “Presidents should not talk about such things” Hollande speaks about a conservation he had with Russian President Vladimir Putin in summer of 2015, the peak of the Greek crisis before the …

Political uncertainty, high tax rates, bureaucracy and the difficulty of enterprises to access to financial resources are the main features that push down the Greek economy. Competitiveness? No chance! The report «Global competitiveness report 2016-2017» published by the World Economic Forum places Greece on 86th position on a list of …

The idea of adaption of a European minimum wage is not new. European Commission President-designate Jean-Claude Juncker said in July 2014 that he would work towards the introduction of a minimum social wage in each member state of the EU. Two years later, the discussion on the issue is high …

An auditors’ body consisting of independent economists investigated the first Greek Program. In their report the economists sharply criticize the International Monetary Fund and record seven mistakes the IMF did in the Greek program. According to daily Kathimerini that exclusively published the report, the group of  independent economists and specialists …