Latest News from Greece

Greek 10-year bond yields hit new four year lows


Greek 10-year bond yields fell to new four-year lows on Wednesday, with investor appetite increasing after its international lenders agreed to release the next tranche of its bailout programme.

Greeks evoke past injustices to overcome bailout shame


By Harry Papachristou

Germany is footing much of the bill for Greece's 237 billion euro bailout but Athens-trained dentist Aristomenis Syngelakis feels no gratitude; Berlin owes his country billions in reparations for Nazi crimes during World War Two, he says.

Greek REIT said to seek $1.4 billion as foreign investors return


Pangaea REIC, the real estate investment trust owned by Invel Real Estate Partners and the National Bank of Greece SA, aims to raise about 1 billion euros ($1.4 billion) to invest in Greece and Italy, three people with knowledge of the matter said.

Greece said to plan 2 billion-euro bond sale in first half


Nikos Chrysoloras & Rebecca Christie

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 ($2.8 billion) of bonds, three officials said.

Angela Merkel to visit Athens on April 11


German Chancellor Angela Merkel is expected to make a fresh visit to Greece on April 11, Kathimerini understands.

The German leader's visit follows the approval by eurozone officials on Tuesday of 8.3 billion euros in rescue loans to Greece.

Macedonia PM Says Opposition 'Sound Greek'

As election races hot up in Macedonia, the ruling VMRO DPMNE party has accused the opposition of holding standpoints on the sensitive issue of the country's name issue that betray national interests.

The opposition has meanwhile accused the ruling parties of taking too hard a line on the name issue, and of excluding them from any discussion about it.

Russia action worries exporters


 Local industry braces for trade problems should Moscow proceed with countermeasures against the EU

By Dimitra Manifava

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.

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