Latest News from Greece

Greece’s three-year yields jump 64 bps

Greece’s three-year yields on Tuesday approached the highest level since the nation restructured its debt in 2012.

The rate jumped 64 basis points to 10.90 percent after closing at 11.13 percent on Friday.

[Bloomberg]

Fire breaks out at Greece’s tallest building

A fire that broke out Tuesday afternoon in the tallest of the two blocks that comprise the Athens Towers complex in the neighborhood of Ambelokipi, near central Athens, caused a panic among residents and office workers but was brought under control by fire service workers before it could cause any significant damage or injuries.

New poll gives SYRIZA 4.9 pct lead over New Democracy

A new poll published on Tuesday, a day before Greek lawmakers start the first round of crucial voting to determine whether Parliament will elect a new president or whether the country will head to general elections, showed opposition SYRIZA gaining a 4.9 percent lead over New Democracy, the larger of the two parties co-governing Greece.

EU's Moscovici backs Greece in eurozone as key vote nears

By George Georgiopoulos & Lefteris Papadimas

The EU's top economic official said on Tuesday Greece had overcome doubts about its future in the eurozone after years of sacrifice, backing Prime Minister Antonis Samaras as Parliament prepares for a vote that could lead to snap elections.

Flooding in Evros under partial control but danger not averted

The level of Evros River in northern Greece dropped to 5.80 meters on Tuesday after several days above 6 meters, though it is still not below the danger level of 5.70 meters, civil protection authorities in northern Greece said, as a new wave of rain is expected on Tuesday night and Wednesday.

EU Summit Parks Macedonia Membership Bid

EU Foreign Ministers agreed to delay the issue of Macedonia's EU accession to  later in 2015, once they are updated by the European Commission on the progress of its relations with neighbouring Greece and Bulgaria.

Debts to Greek social security funds swell to 13.5 bln euros

Outstanding debts to Greece's social security funds that have been forwarded for settlement swelled to 13.5 billion euros in November, data published on Tuesday from the Center for Social Security Debt Collection (KEAO) have shown.

Showers, storms roll in from the west

A wet front sweeping in from the west will bring showers and the occasional storm on Tuesday and Wednesday, starting in the islands of the Ionian on Tuesday and spreading across the mainland.

Economy runs risk of 'irreparable damage,' warns Stournaras

Bank of Greece Governor Yannis Stournaras warned on Monday of the risk of «irreparable damage to the Greek economy» from ongoing political uncertainty and the resulting reduction of liquidity in the market.

Greek Olympian blamed for Albanian doping

By George Georgakopoulos

A row has broken out between the national weightlifting federations of Greece and Albania following claims over the weekend that the former Greek Olympian and current national squad coach, Leonidas Sabanis, played a role in the doping of three Albanian athletes at last month’s World Championship in Kazakhstan.

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