Latest News from Greece
JPMorgan loses conviction in Greek bonds as endgame approaches
By Max Julius
The risk of Greece missing a debt payment is driving away even some of the most faithful advocates of its debt.
JPMorgan Chase & Co. was for most of this year a champion of Greece?s long-dated government bonds, even as a flare-up in the country?s debt crisis once again raised the prospect of default and euro exit.
Holy Spirit Public Holiday: Varoufakis is surprised the press is on duty (video)
The feast of the Holy Spirit is a workers holiday for the most creative members of society. Teachers, journalists, bankers and intellectuals typically have the day off. Aware of this, Varoufakis pointed this out to journalists when they approached him to ask questions about the withdrawal of Eleni Panaritis as Greece’s IMF representative.
German Commissioner is optimistic regarding soln for Greece
Germany’s EU Commissioner Guenter Oettinger said on Sunday morning that a deal with Greece could be achieved this week. “We will need progress at the working group level, in order that we can agree on a reform agenda, perhaps even by the end of the week which would trigger the payment of the last tranche of aid from the current aid program,” he said, speaking with German newspaper Die Welt.
Weapons found at house used by bank robbers fail to provide clues
The weapons recovered during a police raid to arrest three bank robbers near Volos, central Greece, have not been used in criminal or terrorist activities, authorities said on Monday.
Spyros Christodoulou and Giorgios Tsironis were arrested during the raid but Spyros Dravilas was found dead. Police suspect he killed himself to avoid being caught.