Latest News from Greece
A lot has changed in Greece, things that have gone unnoticed since we enjoy complaining and, to a certain extent, because we consider these to be obvious. But this has not always been the case. Remember the situation with taxis before the crisis? Cabs tended to disappear for a few hours in order for one driver to hand the vehicle over to the next.
The upcoming visit of Li Keqiang, premier of the State Council of the Peoples Republic of China, who will lead a Chinese government delegation to Greece, is an event of landmark importance.
China stood by Greece during its sovereign debt crisis, invested in the country and, judging by the look of things, is prepared to continue to do so.
Just over a year after Prime Minister Antonis Samaras visited China to seek investment, his counterpart Li Keqiang is due in Athens on Thursday for a three-day visit during which both sides are expected to reaffirm their commitment to boosting bilateral trade ties with several agreements expected to be signed.
Greece sold 1.3 billion euros in three-month treasury bills on Tuesday, the countrys Public Debt Management Agency (PDMA) said.
The T-bills were priced to yield 1.80 percent, down 33 basis points from 2.13 percent in a previous sale in May.
The sales bid-cover ratio was 2.99.
The settlement date will be this Friday.
Europes car sales rose 4.3 percent in May as volume brands Skoda, Renault and Opel posted stronger growth than premium marques BMW and Audi, according to registrations data published on Tuesday.
Europes car market has shown signs of recovery from a six-year slump, but excess production capacity, heavy discounting and incentives continue to distort the true level of demand.
Authorities in Larissa, central Greece, were investigating on Tuesday the circumstances surrounding the death of an unidentified man whose decapitated body was discovered at the towns railway station by a security employee.
The mans head was found a few meters away from the body. The victim was believed to be between 60 and 65 years of age.
By Mohamed A. El-Erian
It has been two years since Greece narrowly avoided an exit from the euro area that could have been disastrous for the country and extremely challenging for Europe and the global economy. Although the country has made a lot of progress since then, markets are far too sanguine about its rehabilitation.
A 64-year-old resident of the southeastern Aegean island of Rhodes who gained some notoriety after featuring in a 2010 documentary detailing the heyday of the Greek "kamaki," Casanovas who make a business of romancing tourists vacationing in Greece, was found dead in his home on Friday by firefighters, local media reported on Tuesday.
The union representing Greece's civil servants, ADEDY, has announced a nationwide walkout starting at noon on Wednesday and has called on public sector workers to gather outside the Health Ministry in central Athens before marching to the Ministry of Administrative Reform.
The march is expected to disrupt traffic in downtown Athens.