Latest News from Greece

Greece's NBG to sell stake in Finansbank in April

Finansbank, 99.8 percent of which is owned by National Bank of Greece (NBG), has announced its intention to launch an offering of its ordinary shares listed on Turkey?s main stock exchange, Borsa Istanbul.

In a statement to Public Disclosure Platform (KAP) on March 11, Finansbank said the offering is expected to be completed in early April, subject to market conditions.

Germany rejects Greek demands for WW2 reparations

Germany dismissed on Wednesday Greek demands to pay World War Two reparations after leftist Prime Minister Alexis Tsipras accused Berlin of using legal tricks to avoid paying compensation for the Nazi occupation of his country.

Monti says time for Greece to 'play games' running out

Mario Monti, the economist who served as prime minister of Italy during the country?s financial crisis, said the time for the Greek government to ?play games? was running out.

EP Legal Affairs Committee in favor of stripping New Democracy MEP Zagorakis of immunity

The European Parliament's Committee on Legal Affairs unanimously decided to strip New Democracy MEP Theodoros Zagorakis of his parliamentary immunity, following a request forwarded by the Deputy Public Prosecutor at the Supreme Court of Greece on 19 December 2014 and announced in plenary on January 28, 2015.

Lafazanis: gov't 'radically opposed' to some privatizations

By Elena Becatoros

Greece's new government is "radically opposed" to the privatization of certain businesses, particularly in the energy and infrastructure sectors, a senior cabinet minister said Wednesday as reforms talks with creditors were due to begin.

Technical level talks start in Brussels, foreign reps expected in Athens Thursday

Representatives of the government and the country?s international creditors are expected to launch ?technical level? talks in Brussels on Wednesday at 3 p.m. Greek time, amid reports that technical teams from the European Commission, European Central Bank and International Monetary Fund ? formerly known as the ?troika? ? will visit Athens on Thursday.

Greece pays higher yield to roll over 3-month T-bills

Greece sold 1.3 billion euros ($1.38 billion) of three-month Treasury bills on Wednesday, covering the amount it wanted to refinance a maturing issue, in an auction that tested its ability to raise funds amid a cash crunch.

Skouries Goldmine workers protest over lost jobs (photos + videos)

150 protestors held banners outside the Energy Ministry in Athens to demonstrate against the 50 dismissals of employees who lost their jobs from the Skouries Mine in Chalkidiki, Northern Greece, on February 27. The employees of Hellas Gold SA were angered by the government's decision to recall the permit for a processing plant at Skouries.

Ride aboard the Nazi death train on Sunday (photos)

The first train from Greece to Auschwitz Concentration Camp left Greece with 2,800 Jews on board on March 15, 1943. It was a one-way journey for the passengers on the steam engine, LV 964, that day. To commemorate the event 72 years owards, the train will return to the old station of Thessaloniki at 11.30 a.m. on March 15.

Athens threatens to seize German assets over WWII reparations

Justice Minister Nikos Paraskevopoulos has said he is ready to sign an older court ruling that will enable the foreclosure of German assets in Greece in order to compensate the relatives of victims of Nazi crimes during the Second World War.

Greece's Supreme Court ruled in favor of Distomo survivors in 2000, but the decision has not been enforced.

Germany rejects Greek demands for WW2 reparations amid row

Germany dismissed on March 11 Greek demands to pay World War II reparations after leftist Prime Minister Alexis Tsipras' government accused Berlin of using legal tricks to avoid paying compensation for the Nazi occupation of his country.

Greece gets half-billion-euro lifeline

In a rare piece of good news for Greek leaders, the European Stability Mechanism (ESM) confirmed on March 10 that it has been forced to throw the cash-strapped country a half-billion-euro lifeline.

Stratoulis says Greece is not a 'protectorate,' attacks 'obsessive' Schaeuble

A leftist minister on Wednesday slammed Germany's ?obsessive? Finance Minister Wolfgang Schaeuble for allegedly treating Greece as a ?protectorate? state.

The comments by Social Security Minister Dimitris Stratoulis were prompted by speculation that Berlin had put pressure on Athens to replace its Finance Minister Yanis Varoufakis.

Alt. Social Insurance Minister: An end to the Greek banana republic!

Alternate Social Insurance Minister Dimitris Stratoulis commented on German Finance Minister Wolfgang Schaeuble's criticism of his Greek counterpart Yanis Varoufakis on Wednesday morning."What does Mr. Schaeuble think?

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