Latest News from Greece

Greece-Russia overtures seen as sideshow by Merkel, Hollande

By Arne Delfs, Patrick Donahue & Mark Deen

Germany and France view Greece's overtures toward Russia as a sideshow and won't be drawn into a debate on the matter, three government officials said.

Turkish FM Spokesman: Aegean is not part of the "Greek sea"!

Turkish Foreign Affairs Ministry Spokesman Tanju Bilgic issued a statement in response to a question regarding Greek Foreign Ministry officials' remarks on the Aegean. The statement is as follows:

Bloomberg: Former PM interested in being part of a Greek unity govt

Bloomberg reports that former conservative New Democracy (ND) prime minister Antonis Samaras, ousted by Radical Left Coalition (SYRIZA) Prime Minister in snap elections on January 25, 2015, states that he is willing to join a "unity government if the concessions required to win emergency loans drive a wedge through the ruling anti-austerity coalition."

Samaras says he'd join alliance to keep Greece in euro

By James Hertling & Nikos Chrysoloras

As Greek Prime Minister Alexis Tsipras struggles to secure a financial bailout to stay in the euro zone, his chief rival said he?s open to offering a political rescue.

Finding the balance between freedoms and fighting terrorism

The murder of Istanbul criminal prosecutor Mehmet Selim Kiraz in a raid on his office in the Istanbul Courthouse by two militants of the outlawed Revolutionary People?s Liberation Party-Front (DHKP-C) on March 31 triggered waves of trauma at a time when Turkey is heading for critical parliamentary elections on June 7.

Updated reform list still not enough to unlock aid

Greek officials and euro-area technical experts yesterday discussed an updated list of reform proposals but were unable to reach an agreement that would pave the way for Greece ending its liquidity shortage by receiving at least part of the 7.2 billion euros remaining in bailout funding.

Greece said to make progress on call with euro-area officials

By Rebecca Christie, Christos Ziotis & Corina Ruhe

Greece and euro-area authorities pledged to press ahead with efforts to release aid payments after progress in recent days, according to a Greek Finance Ministry official with knowledge of a conference call held Wednesday.

Serres floodwaters submerge thousands of hectares of farmland

Thousands of hectares of farmland in Serres, northern Greece, have been submerged by floodwaters from the Strymonas River, which broke its banks on Sunday, with local officials struggling to avert further damage by erecting new flood barriers as dams and flood defenses have been wrecked.

Greek minister: There’s money only until mid April

Interior Minister Nikos Voutsis this week was the latest top government official to raise eyebrows amid the spectre of a cash crunch faced by leftist SYRIZA, telling Spiegel that “there’s only enough money to last until mid April”.

Fitch downgrades ratings of four Greek banks

Fitch Ratings downgraded four Greek banks' long-term issuer default ratings (IDR) to 'CCC' from 'B-' on Wednesday, following the downgrade of the country's sovereign rating last week.

The downgrade reflected Greece's weaker economic prospects, which put the banks' asset quality and solvency at further material risk, the ratings agency said.

Sarantis SA to buy Ava's rights in Greece from Procter & Gamble

Athens-listed firm Sarantis SA announced on Wednesday it has agreed to buy cleaning liquid Ava?s rights in Greece from Procter & Gamble for 3.49 million euros, with the deal set to be completed by April 30.

It will begin operating Ava as of May 1.

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