Latest News from Greece

Greek Parliament passes multi-bill but coalition sees majority cut further

The omnibus bill containing liberalization measures and other reforms that Greece needed to pass to receive its next bailout tranche squeezed through Parliament at just after midnight on Sunday but the vote led to the government’s majority dwindling further.

Arrests, loss of MPs unravel Greece's Golden Dawn

Arrests, loss of MPs unravel Greece's Golden Dawn

Extremists face prosecution as the party's popularity takes a sharp dive.

The Golden Dawn party slipped to fifth place in recent popularity polls. [AFP]

Markets ready to welcome Greece back


 International investors continue to underestimate political risk, but this has not diminished at all

By Dimitris Kontogiannis

Social security contribution rates among world’s highest

By Thanos Tsiros

Employers’ and employees’ social security contributions may be going down by 3.9 percentage points as of July 2014, but Greece remains among the countries with the highest rates, according to figures from the Organization for Economic Cooperation and Development (OECD).

World Bank prepares plan for low income groups

By Katerina Sokou

The World Bank is working toward aiding low income groups in Greece by offering the government its know-how following the latter’s request for help, a senior official at the international financial institution has told Kathimerini.

Tirana wants answers after Albanian inmate death

The Albanian Foreign Ministry expressed concern over the weekend at the death of a 42-year-old Albanian inmate of a prison in Nigrita, northern Greece, whose battered body was found in his cell just a few days after the convict stabbed a prison officer to death.

As vote on multi-bill looms, gov't looks to aid

The government is bracing for a crucial week, with eurozone finance ministers expected to discuss the release of further rescue loans to Greece at an informal summit in Athens starting on Tuesday.

France's Moscovici optimistic on Greece

By Alexia Kefala

There is speculation in Paris that Finance Minister Pierre Moscovici may abandon his post to become a “super commissioner” in Brussels. In an interview with Kathimerini, ahead of a visit to Greece, Moscovici says that, in any case, he is keeping a close eye on developments regarding the Greek economy.

Nigerian national caught with 1.1 kilos of heroin at Athens Airport

A 38-year-old Nigerian national was arrested by officers of the Attica narcotics squad at Athens International Airport on Saturday on charges of attempting to smuggle 1.1 kilos of heroin into Greece.

The suspect, who was traveling from Uganda via Istanbul, was found to be carrying 72 parcels of the drug in his stomach.

Inmate who murdered guard beaten before he died, says coroner

An investigation was launched on Friday into the circumstances surrounding the death of Ilie Kareli, the 42-year-old Albanian inmate who killed a prison guard on Tuesday, after he was found dead in a prison cell and a coroner’s report indicated that he had suffered serious injuries after being beaten with a blunt instrument.

Alpha sells bulk of new shares to US and UK buyers

US and British investors bought the bulk of Alpha Bank’s 1.2-billion-euro new share issue, it said on Friday, providing further evidence that foreign investors are warming to Greece.

IMF disburses loan tranche to Cyprus

The International Monetary Fund said on Friday it had reviewed Cyprus’s economy under a bailout program and approved a loan disbursement for about $115 million.

The international lender said the disbursement brings total lending to date under the IMF’s $1.4 billion program with Cyprus to about $459 million.

Greek coalition confident as reform multi-bill goes to Parliament


People line up outside a pharmacy in central Athens that was on duty on Friday. Pharmacists have been on strike for several days and have vowed to continue their action unless the government withdraws a provision for the deregulation of the over-the-counter drug market.

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