Latest News from Greece

Watershed moment

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.

Prison guards charged with torture death

A prosecutor Tuesday brought criminal charges against nine prison employees, including the warden of Nigrita jail in northern Greece where the body of a 42-year-old Albanian inmate was found in his cell, covered in bruises, last week.

Eurogroup clears tranches, Greece eyes bond issue


Finance Minister Yannis Stournaras (l) and European Economic and Monetary Affairs Commissioner Olli Rehn (r) discuss issues at Tuesday’s Eurogroup as German Finance Minister Wolfgang Schaeuble ponders something in the background.

New tax hits 2013 profits of Greece's OPAP

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 OPAP’s gross gaming revenue last year to meet the terms of its 237-billion-euro international bailout.

Sending parcels from Greece just got cheaper

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.

Two suspected drug smugglers arrested near Greek-Albanian border

Officers of the police’s anti-drugs squad arrested two Albanian nationals in Thesprotia, northern Greece, on Tuesday after confiscating 160 kilograms of cannabis they are alleged to have brought over the border.

Greece preparing to issue 2-bln-euro bond but timing not decided

By Nikos Chrysoloras

The Greek government, approaching the end of a second international bailout that has kept it afloat since 2010, plans a return to markets by selling 2 billion euros of bonds, three officials said.

Three prison guards arrested over inmate's death

Three prison guards were arrested Tuesday in connection with the death of an Albanian convict at Nigrita Prison, in Serres, northern Greece. More arrests were expected.

Greece to get next bailout loans by end of month [Update]

Greece will start receiving its next 8.3 billion euros ($11.4 billion) in bailout loans at the end of the month, eurozone finance ministers said Tuesday, citing progress after "many painful years" of reforms.

Greece Will Be Granted EUR 6.3 B by End-April, Says Eurogroup

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.

Union calls central Athens rally at 6 p.m., defying ban

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.

Medical group slams migrant detention conditions

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."

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