Latest News from Greece

Greeks are most pessimistic in Europe, poll finds

The French have become almost as pessimistic as the Greeks as Europe struggles with a persistent lack of job prospects, according to a Pew Research Center poll that paints a gloomy picture of the world economy.

Hopeful talk fails to help as local stocks take a tumble

Despite talk that Greece’s credit rating is set for an upgrade by Standard & Poor’s, along with estimates that the local credit sector won’t face any additional requirements following the stress tests, the local stock market sustained significant losses on Tuesday, with banks being the worst hit.

Kapeleris faces magistrates in connection with Lagarde list

The head of Greece’s Financial Crimes Squad (SDOE) when Giorgos Papaconstantinou was finance minister in 2010, Yiannis Kapeleris, was granted unconditional release on Tuesday after defending himself before investigating magistrates on charges of breach of trust in connection with the so-called Lagarde list.

Elderly couple beaten, robbed by armed burglars in Magnesia

Police in Magnesia on Tuesday were seeking three burglars who broke into the home of an elderly couple in Magnesia, central Greece, beat the pair and tied them up before fleeing with some 2,000 euros in cash and valuables.

Ex-SDOE chief Kapeleris released unconditionally

The head of Greece’s Financial Crimes Squad (SDOE) when Giorgos Papaconstantinou was financial minister in 2010, Yiannis Kapeleris, was released unconditionally on Tuesday after facing magistrates Christos Papacostas and Dimitris Kavalaris over charges of breach of trust in connection with the Lagarde list.

Pavlos Fyssas murder trial expected to start before the end of the year

The trial over the September 2013 murder of anti-fascist rapper Pavlos Fyssas by a self-proclaimed member of Golden Dawn, an act that sparked a large-scale investigation into the alleged criminal activities of the neo-Nazi party, is expected to start before the end of the year, Kathimerini has learned.

Bulgaria is Fifth Poorest Country in Europe – Serbian Statistics

Bulgaria is the fifth poorest country in Europe, according to a study of the Serbian Statistical Institute.

A total of 1.8 million people in Serbia live in poverty. The country ranks first among European countries with 24.6 percent of its population below the poverty line.

Taking care of tourists after Russian operator goes bust

By Stathis Kousounis

Another Russian tour operator, the St Petersburg-based Solvex-Tourne, went bankrupt on Monday, stranding between 3,000 and 4,000 Russian visitors in Greece without service.

Government hopes troika will grant debtors longer to pay up

Greece has asked the troika to approve a plan that would allow taxpayers to pay off their debts to the state in 100 or more installments, Kathimerini understands.

Sources said that the government is hoping that the troika will allow up to 108 installments in some cases but it believes Greece’s lenders are more likely to agree to a scheme allowing between 48 and 72 tranches.

European court slams Greece with new waste fine

The European Court of Justice on Monday heralded a new fine against Greece for violation of European regulations, noting that the country has failed to enforce a six-year-old ruling ordering it to “adequately treat and dispose of urban wastewater.”

Stunning statues found at ancient Greek tomb

Two stunning caryatid statues have been unearthed holding up the entrance to the biggest ancient tomb ever found in Greece, archaeologists said.

Tsipras sees national polls in early 2015

SYRIZA leader Alexis Tsipras has once again indicated that his leftist party will try to trigger early national elections in Greece by blocking the conservative-led government’s nomination for a new President of the Republic.

Russian Tour Operator Solvex-Tourne Suspends Activities

Major Saint Petersburg tour operator Solvex-Tourne has suspended activities as of Monday, Russia's Union of Tourism Industry reported, as cited by Russian media outlets.

Some 9,000 clients of the company are abroad now, as most of them are staying in Greece and Bulgaria. About 8,500 clients have paid for their tours in 2013.

SYRIZA plays down MP's comments on NATO

Greece's main leftist opposition party on Monday sought to play down controversial comments by MP Theodoris Dritsas last week that Greece should leave the NATO alliance.

“We never said we plan to leave NATO. What we have said is that we should fight so that NATO breaks up on its own,” SYRIZA secretary Dimitris Vitsas said Monday.