Latest News from Greece

Greek bill gives rescue fund legal cover for bank capital boosts


By Lefteris Papadimas & George Georgiopoulos

Greek banks that are majority-owned by the country's bank rescue fund HFSF will be allowed to issue new shares to boost their capital at market prices, according to a draft bill that also gives the rescue fund legal cover to see its stakes diluted.

Eurozone not preparing third Greek bailout so far, says official


BY Jan Strupczewski & Martin Santa

The eurozone is not making any preparations for a third bailout for Greece and will consider it only if expressly asked by Athens, which has not happened so far, a senior eurozone official said on Thursday.

Aegean boosts seating capacity to 13 million


By Alexandra Kassimi

Greece’s largest carrier by passengers, Aegean Airlines is strengthening its presence in the domestic and international markets this year while aiming at the creation of an extra 2,400 jobs by the start of the summer season.

Coalition MPs poised to back multi-bill


The likelihood of a major parliamentary rebellion, which could even put the coalition at risk of losing Sunday’s vote on the omnibus bill of reforms, appeared to diminish on Thursday after lengthy talks between members of the government and lawmakers.

Fears about tension in jails after guard death


Authorities are investigating whether the murder of a prison guard by an inmate at Malandrino Prison, central Greece, on Tuesday is part of an alleged effort to increase tension at the country’s jails, where the situation is “explosive,” according to a Justice Ministry official who spoke to Kathimerini.

Piraeus and Alpha take big step toward return to private sector


Piraeus head Michalis Sallas (center) and Alpha’s Yiannis Costopoulos (right) know that the share capital increases have brought the banks closer to emancipation from state control.

By Yiannis Papadoyiannis

Stournaras spells out ‘no more taxes’


 Trial bond issue will likely come after the European elections, while needs are covered up to May 2015

By Sotiris Nikas

A simple market rule

The international markets have learned to show their trust through the way they invest their money. When they have confidence in the abilities and prospects of a certain country, they invest in it. When they smell risk, however, they tend to run away.

Growing Numbers of Bulgarian Pensioners Visit Greece

Bulgarian pensioners become more frequent visitors to Greek islands for Easter. 

A survey of Bulgaria's Darik national radio among tourist agencies found that this spring Greece and Turkey are more preferred by Bulgarians above middle age. 

Greek unions to hold general strike on April 9


Greece's largest public sector union says it will join a nationwide general strike April 9 to protest austerity measures. The move means that the walkout will affect all private and public sector services.

The ADEDY union said Thursday it was joining the strike call issued by the GSEE union a few days ago.

15th International Archaeological Film Review to open

BELGRADE - The 15th International Archaeological Film Review will be held at the National Museum from Thursday through April 3, featuring creations from eight countries.

Cross-party committee to publish report on WWII reparations by end of 2014


Parliamentary speaker Evangelos Meimarakis has signed a decision to create a cross-party committee to examine the claim for German war reparations.

The 19-member committee, which is made up of deputies from all political parties, is expected to submit a report on the subject by the end of the year.

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