Latest News from Greece
In 2015 frustration spurred Greeks to vote for a party that vowed to turn things upside down with a supposedly heroic renegotiation of the bailout agreements with the country's foreign lenders and partners. But SYRIZA repeated all the bad habits that led Greece to default: nepotism, corruption, misguided handouts, mass hirings, interference in institutions and reliance on party acolytes.
Capital Link holds its 20th Annual Invest in Greece Forum at the Metropolitan Club of New York from 7.55 a.m. to 6.20 p.m. ET. (Info: forums.capitallink.com)
Attica hospital doctors and employees hold a four-hour work stoppage from 11 a.m. to 3 p.m. and a rally outside the Health Ministry at 11.30 a.m.
Leading academics from local and foreign institutions have signed an open letter urging Greece's leftist-led government to green-light the review of the Greek Constitution's Article 16, which prohibits the establishment of private universities, describing the matter as a question of democratic principles.
If Prime Minister Alexis Tsipras wanted to go down in history as the "Greek premier who did not wear a tie," he has certainly achieved it and does not need to make any extra effort - provided, of course, that he remains (in this respect, at least) consistent, and does not start putting one on and taking it off on various occasions.
Piraeus Bank has formally secured an extension from the European Central Bank for the coverage of its 500-million-euro corporate bond that will count toward its Tier II capital.
Kathimerini understands that the ECB's Single Supervisory Mechanism (SSM) has given Greece's leading bank in assets a nine-month extension from the original deadline of December 31.
There were tensions at the Greek-Albanian border on Saturday morning when Albanian authorities reportedly stopped Greek citizens trying to enter the country to attend a memorial service for an ethnic Greek man, Konstantinos Katsifas, who was fatally injured by Albanian police in an exchange of fire in late October in the village of Bularat.
Russia is ready to extend the TurkStream natural gas pipeline to Greece, Russian President Vladimir Putin said on Dec. 7.
The country's 500 most profitable companies in 2017 generated impressive returns according to the figures stemming from their financial reports as processed by ICAP for its special annual publication "Business Leaders in Greece 2018."
The total turnover of the 500 leading firms in terms of profits rose 9.5 percent last year compared to 2016, reaching 91.02 billion euros.
Greece's trade deficit posted a marginal decline in October, as export growth outpaced the increase in imports.
The total value of exports in October amounted to 3.1 billion euros against 2.5 billion in October 2017, a rise of 24 percent, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Hospital doctors and medical staff in Attica will walk off the job from 11 a.m. to 3 p.m. on Monday, according to a statement by the Federation of Hospital Doctors of Greece and the national union of public hospital workers.
Their demands include permanent hirings, the employment of support staff and wage increases.