Latest News from Greece

Austerity bill angers Greece's neighborhood stores

Associations representing bakers, pharmacies, booksellers and milk producers have expressed angry opposition to a new austerity bill in Greece, a proposed overhaul of trading rules they fear will wipe out independent stores.

Peripheral bank bond penalty vanishing as confidence returns

By Alastair Marsh

The penalty that banks in Europe’s most indebted nations pay to borrow compared with those from the richest economies fell to the lowest in four years amid growing confidence in the region’s economic recovery.

Albania Migrants Lack Pensions, Report Warns

Many Albanians could be let without pensions because so many people have emigrated, a new report from the Ombudsman's office warns.

An estimated one-third of Albania’s 3.2 million population has emigrated in the last two decades, following the collapse of Tirana’s reclusive Communist regime, which did not allow travel abroad.

Inmate who murdered prison guard found dead in his cell

The Albanian inmate who murdered a prison guard at Malandrino Prison in central Greece earlier this week has been found dead in his cell.

Ilia Kareli had been moved to Nigrita jail in Serres, northern Greece, and was placed in solitary confinement. His cell was monitored via CCTV.

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.

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.

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.

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