Tag Archives: money

Greek MEP and former EP vice president Eva Kaili admitted under questioning in Belgium that she had asked her father to hide part of the money that was in her home, Brlgian media “Le Soir” and “Knack”as well as Italian “Republica” reported. The media noted that Kaili has “partially confessed”, …

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The pre-trial hearing of MEP Eva Kaili has been postponed to December 22, media in Greece report from Brussels on Wednesday afternoon. She did not  appear at the hearing, where it will be decided whether she will remain in custody or be released on conditions. The postponement has been confirmed …

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A public prosecutor in Thessaloniki investigates incidents where people approach relatives of patients hospitalized with Covid-19 promising an Intensive Care Unit bed for a price of over 3,5000 euros. Hospitals in Thessaloniki have been reporting daily of the shortage of ICU beds and many intubated patients in regular wards. Taking …

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A police officer was arrested on Friday for stealing money belonging to two migrants at a pre-detention in Peloponnese. According to a police announcement on Saturday, the officer  was serving in the pre-departure detention center for migrants in Corinth in southern Greece and was arrested ror theft and breach of …

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Greece has imposed fines worth over four million euros to violators of the lockdown measures and the ban of businesses and shops operations. In order to contain the spread of coronavirus, the government suspended operation of shops and business operations on March 12 and lockdown and movement restrictions on March …

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The new pricing policy of Greek banks goes into effect on Monday, July 1st 2019, for money withdrawals from an ATM of a bank other than the card issuer. The measure aims to equalize Greek bank card holders with tourists, but also those holders of foreign bank cards or electronic …

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German finance minister Olaf Scholz (SPD) plans to block the release of 970 million euros for Greece at the Eurogroup meeting in Brussels on Monday. According to an internal memo of the German Finance Ministry obtained by daily Handelsblatt, the Eurogroup should postpone its decision [for the money release] at …

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Thousands of Greeks appear to have debts to Public Power Corporation (DEH) although they have paid their bills in time. Not only have they been deprived of the 15% discount for payment on time, they are also at risk to have the power supply in their homes and businesses cut. …

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The Greek government has submitted an amendment that abolishes rent subsidies to ministers and deputy ministers that do not have seats in the Parliament. The amendment has been submitted on Wednesday evening and will be voted later on Thursday. The abolishing of the rent subsidies will go into effect retrospective …

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The plan for a parallel currency that the Greek government and the finance minister of the time, Yanis Varoufakis, were planning in 2015, were laid bare with all the details by his close associate at the time, Glenn Kim. the plan foresaw that ten percent of civil servants’ salary would …

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The European Central Bank decided today to maintain and to not increase Emergency Liquidity Assistance to Greek banks, despite a request for an allegedly 3 billion ELA increase sent by Greek government on Sunday. Furthermore the ECB decided to “adjust” “haircuts on Greek collateral for ELA, although it did not …

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“Finally, he did something! I don’t know if it is good or bad, I cannot think of the consequences right now, but Tsipras finally did something,” Nikos tells me Saturday afternoon, a couple of hours after Greek Prime Minister Alexis Tsipras announced a Referendum on creditors’ proposals. I asked around …

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Greece cannot and probably does not want to make the €3oo-million pay to the IMF tomorrow, Friday, June 5th. Thursday afternoon the Bank of Greece submitted a request to the International Monetary Fund asking to be able to bundle all four June payments into one. Greece’s obligation to the IMF …

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The Greek government has reportedly sent a circular to all its embassies and consulates abroad calling them to send back to Athens any cash reserves that they have not used as well as revenues from consular operations. The money should be sent directly to tax offices. The -frankly- surprise move …

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Are you one of the few chosen ones with euro savings at the bank? Are you shocked every time you go get your “profit” from the interest rates to see a handful of coins landing in your purse?  You complain to the bank and get the standard answer “There is …

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The joint press conference by German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras in Berlin had a strong conciliatory tone. Both sides stressed the importance of dialogue, cooperation and mutual trust. However each side focused on the issue dear to it with Germany to insist on the reforms …

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What did the economic adviser to PM Lucas Papadimos do right right between the two elections of 2012? He transferred €450 thousands abroad out of fear the country would collapse. Τwo years later, the same man, Gkikas Hardouvelis accepted PM Samaras’ offer and assumed the office of finance ministry of …

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The front page of Sunday newspaper Real news sent shock waves across the country and most of all to Greek political world. Citing a document issued by then Anti-Corruption prosecutor, the Real News said that former finance Minister Gkikas Hardouvelis was been investigated for having transferred money abroad in the …

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There is much talking about debt forgiveness and haircut lately with many economists (finally!) wondering where did the bailout money for Greece go. “Just 10% from the two bailouts totalling €252 billion went into public spending,” UK-based NGO Jubilee Debt Campaign has found out. “London-based pressure group Jubilee Debt Campaign, …

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Former Transportation Minister Tasos Mantelis (PASOK) has decided to return the money he is being accused to have received as bribe by SIEMENS in order to receive reduced punishment. According to Greek media, Mantelis has declared to give 450,000 DM (230,000 euro) to public revenues office in order to enjoy favorable …

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