Latest News from Greece
Over the past few years skeptics at home and abroad have speculated that debt-hit Greece will have to leave the common currency area.
Such gloomy predictions were yesterday debunked in the most official of ways. Euro-exit scenarios are no longer on the cards and the usual doomsayers have mostly fallen silent.
Greek gambling monopoly OPAP posted a bigger-than-expected drop in its 2013 net profit, hurt by a new tax the country imposed on the firm to help plug its budget shortfall.
Greece slapped a 30 percent levy on OPAPs gross gaming revenue last year to meet the terms of its 237-billion-euro international bailout.
The Greek postal service, ELTA, on Tuesday announced substantial reductions to the cost of sending parcels.
It said that customers would now pay 1.50 euro to send a package weighing up to a kilo, and then 0.50 euro for each kilo above that.
Until now, the price started at 3.50 euros for up to a kilo, rising from there.
The Eurozone will assign to Greece EUR 6.3 B that are part of its second bailout package, the Eurogroup's chief Jeroen Dijsselbloem announced Tuesday.
In Athens, the European Union and the International Monetary Fund agreed to unlock one of the last tranches Greece will get to save its debt-ridden economy.
Greece's largest civil service umbrella union, ADEDY, on Tuesday called on all public sector workers to join an afternoon protest in central Athens against government policies, in defiance of a two-day ban on large public gatherings put in place by police during a meeting of European finance ministers in the Greek capital on Tuesday and Wednesday.
By Elena Becatoros
Thousands of migrants detained in Greece for lacking the correct paperwork, including some asylum seekers and teenagers, are held in often appalling conditions without access to basic hygiene and regular medical care, according to a medical aid group which accused the Greek state of causing "unnecessary suffering and harm."