Latest News from Greece

Greek short-term borrowing costs tumble


Greece's borrowing costs in a short-term debt sale have tumbled, days after the country returned to the international bond markets.

The interest rate on a 13-week treasury bill issued Tuesday fell to 2.45 percent, compared with 3.1 percent for a similar issue last month, according to the public debt management agency.

Greek far right fires up Athens election campaign


By Renee Maltezou & Deepa Babington

Greek far-right Golden Dawn lawmaker Ilias Kasidiaris strode into a packed hotel room in central Athens last month to the sound of a marching song and supporters' cries of "Here comes the mayor!"

Dacic, Manzo: Level of cooperation exceptionally high

BELGRADE - The level of cooperation between Serbia and Italy is exceptionally high, Serbia's outgoing Prime Minister Ivica Dacic and Italian Ambassador to Serbia Giuseppe Manzo said at a meeting on Tuesday.

They particularly highlighted a positive trend in the development of economic ties, the Serbian government's press office said in a statement.

German MEP Will Run in Greek EU Elections


A German liberal MEP declared he would run for a Greek party he founded to protest over austerity policies applied to Athens.

"I've always felt torn between the two... the German side of my heart is so ashamed," Jorgo Chatzimarkakis, who has Greek roots, was quoted as saying by the EUObserver.

Greece's market return mirrors return of tourists


By Eleni Chrepa

Greece's successful return to bond markets is the most recent in a series of "positive messages" for the economy that included the country posting a record year for tourism and forecasting an even stronger 2014, Tourism Minister Olga Kefalogianni said.

Women on the Left – Konstantina Kuneva

From International Socialist Group

As part of the 'Women on the Left' series, Chris Walsh looks at the Bulgarian-born founding member of the Greek precarious worker's union PEKOP, Konstantina Kuneva, who was subjected to horrific reactionary violence as a result of her endeavours in the service of women, migrants and the working class.

Anchor investors bid for chunk of Greek Eurobank's share offer


Greece's bank bailout fund received bids from anchor investors, including Canada's Fairfax (FFH.TO) and York Capital, for a big chunk of Eurobank's (EURBr.AT) 2.86 billion euro share offering, a senior banking source close to the talks said on Tuesday.

GD lawmaker hails Hitler, condemns homosexuality in interview


Golden Dawn lawmaker Ilias Panagiotaros, one of several of the neofascist party's MPs facing charges as part of a criminal probe, has hailed Adolf Hitler as "a great personality" in an interview with Australian television program 60 Minutes and has said GD would have solved all of Greece's problems if it had taken the law into its hands.

IMF calls for more structural reforms


By Katerina Sokou

Structural reforms are the way out of the financial crisis for Greece, according to the International Monetary Fund, whose Managing Director Christine Lagarde said that «the journey is not over, there are still more structural reforms to implement and plenty of work to be done on the way."

National targets

The official news regarding Greece’s present fiscal state of affairs appears to be very good indeed and is paving the way for serious negotiations with the country’s creditors and partners regarding the sovereign debt issue.

Passenger train stoppages suspended in view of Easter travel


Workers at Greece’s national railway service, Trainose, on Monday suspended two three-hour stoppages that would have affected passenger train schedules Tuesday and Wednesday with the aim of facilitating Easter holiday travel.

Further selling pressure on Greece's new five-year bond


Greece was one of the few markets in which yields rose on Monday, as investors booked profits on the strongest bond rally in the eurozone this year.

Ten-year yields added 16 basis points to hit a day’s high of 6.47 percent on Monday.

ECB funding to Greece drops anew in March


European Central Bank (ECB) funding to Greek banks fell further in March, according to figures released by the Bank of Greece on Monday.

Four Nigrita prison guards bailed, protests held in Albania


An Albanian man holds a placard that reads 'Kudret Kume was beaten by Greek police' during a protest in front of the Albanian Interior Ministry in Tirana, Albania, Monday.

Four guards from Nigrita Prison in northern Greece were bailed Monday after giving depositions in connection to the torture of Albanian inmate Ilie Kareli – aka Kudret Kume – who later died.

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