Latest News from Greece
Greek court says cuts to pension bonuses can stand
The Council of State, the country?s highest administrative court, on Friday ruled that the abolition in 2013 of the Christmas and summer bonuses awarded to pensioners before the crisis was constitutional and cannot be challenged.
The court said that the measure was in line with need to cut public spending and that it contributed to the reduction of Greece?s fiscal deficit.
Britain says “No” to UNESCO’s mediation for the Greek Parthenon Marbles
While stressing their “honest respect for the organization” but also “the already good relationships with colleagues and institutions in Greece”, the British Museum in its letter date March 26 of 2015 rejects mediation of UNESCO and indicates that “is not a government body, and the marbles do not belong to the British government.
Greece's Alternate FinMin Tsakalotos says Athens 'prepared for rift'
Alternate Finance Minister Euclid Tsakalotos on Friday made waves by saying that the Greek government was "always prepared for a rift."
Tsakalotos, who is the ministry's key official for international economic relations, made the comment during an interview on Star television channel, prompting a flurry of reactions and criticism on social media.
Provisions for unpaid bills hurt Greek power utility PPC
Greece's main electricity utility Public Power Corp. (PPC) returned to profitability in 2014 though hefty provisions for overdue bills pushed its results below market expectations.
The 51 percent state-owned company reported a net profit of 91.3 million euros ($98.8 million) on Friday after a 225.3 million euro loss in 2013 when a one-off tax hit earnings.