Latest News from Greece

SYRIZA presents MEP candidates but slammed by ND over drachma, referendum

SYRIZA leader Alexis Tsipras presented his party’s candidates for the European Parliament elections on May 25 and called on Greeks to “turn your rage into political action” to defeat the coalition government, with which the leftists were involved in another verbal battle.

Moody's upgrades Greek banks to stable

Credit rating agency Moody's on Tuesday upgraded the Greek banking system from negative to stable and said the country's economy would return to growth this year after a six-year recession.

Greece’s first certified conservator goes back in time

An icon of Christ dating to the 6th century, part of the collection of Saint Catherine’s Monastery on Mount Sinai. According to experts, eye and eyebrow asymmetries point to the artist expressing Christ’s holy and human dimensions. Below right: Tasos Margaritof.

By Yiouli Eptakili

Tsipras receives invitation to visit Russia

Russian Foreign Minister Sergei Lavrov has extended an official invitation to Greece's leftist opposition leader Alexis Tsipras to visit Russia, Skai reported Tuesday.

Tsipras has been invited to visit the country in the first half of May, the report said.

Glezos quits committee on WWII reparations

SYRIZA MP Manolis Glezos on Tuesday quit Greece's cross-party committee on World War Two reparations, saying that the body had failed to live up to its task.

Glezos, a WWII resistance hero, said that instead of seeking ways to claim German compensation for Nazi crimes, the committee had degenerated into a “study group.”

Dacic hands over duty to Vucic

BELGRADE - The handover of the prime minister's duty was completed in the Serbian government on Tuesday, and former prime minister delivered the office to newly-appointed Prime Minister Aleksandar Vucic.

Greece third last in EU for credit card use

Greeks are among those least likely to use credit cards in the European Union, according to a European Central Bank report published on Tuesday.

Greece came third last both in terms of the frequency of use and the total value of payments made by credit card, according to the ECB.

Suspect parcel discovered at Fokida police station [Update]

A suspect parcel discovered on Tuesday at a police station in Itea, in Fokida, western Greece, contained a homemade explosive device, according to initial reports.

The device, which reportedly contained dynamite and wires, had been placed inside a book.

An army bomb disposal unit was expected to arrive at the Fokida station later in the day.

EU executive approves restructuring aid for Greek bank Eurobank

The European Commission has approved restructuring aid for Greece's third-largest lender Eurobank, the European Union executive said on Tuesday.

"The plan will enable the bank to become viable in the long term without unduly distorting competition,» the Commission said in a statement.

Pediatrician arrested on child porn charges

A 47-year-old pediatrician in the town of Ioannina, northwestern Greece, was expected to face a local prosecutor over charges of child pornography, it emerged on Tuesday.

The suspect was arrested by members of a cyberspace crime police unit following an investigation on illegal material that was traced to the Ioannina-based doctor.

Suspect parcel discovered at Fokida police station

An army bomb disposal team was called to a police station in Itea, in Fokida, western Greece, after a suspect parcel was discovered on the premises on Tuesday.

Private sector deposits in Cyprus banks tick up in March

Private-sector deposits in Cypriot banks rose slightly in March, the first monthly increase since November, while deposits in other southern European countries hit by the eurozone debt crisis remained relatively stable, ECB data showed.

Greece signs MoU with EIB for growth fund contribution

Greece signed a Memorandum of Understanding with the European Investment Bank Group (EIB) on Tuesday regarding the latter’s contribution to the soon-to-be established Institution for Growth in Greece, IFG.