Economy of Greece

The government's biggest problem is its lack of credibility, which is also the case for the country itself. We've paid dearly for this and there is not a single good reason for us to continue digging ourselves deeper into the hole.

Postal workers in the Greek capital have called rolling 24-hour strikes from Tuesday through Friday in protest at management decisions regarding delivery services.

Piraeus Bank, Greece's largest lender by assets, tumbled to a fourth-quarter loss after booking higher bad debt provisions, the only one of the country's big four banks that was not profitable in the last three months of 2016.

Greece opened expressions of interest on Friday for hiring consultants on utilizing the state shares in seven major companies, including utility Public Power Corporation and Athens International Airport.

Four Turkish fighter jets flying in formation on Wednesday carried out five violations of Greek air space in the northeastern and central Aegean, the latest in a string of transgressions over recent months.

The aircraft, which were all armed, were chased off by Greek planes in line with international practices, Greek defense officials said.

The Greek government told the country's central bank chief to stay out of politics on Tuesday after he urged it to wrap up a long-delayed bailout review.

Bank of Greece Chief Yannis Stournaras on Monday warned the delay was creating uncertainty and risked forcing a downwards revision of growth forecasts this year.

Central banker Yannis Stournaras warned on Monday of the risk of a full reversal of the economy's course as the delays in the completion of the bailout review may "put in doubt all the targets for this year, the fiscal targets, the growth targets and the credit sector targets without exception."

The governor of the Bank of Greece (BoG) Yiannis Stournaras warned of the risk of the state’s finances derailing and failing growth targets in 2017, if the second review of the Greek bailout program was delayed any further.

The parcel bombs sent last week to Berlin and Paris were dispatched by new members of the Conspiracy of the Cells of Fire who were recruited by jailed members of the guerrilla group, the Greek police's (ELAS) counter-terrorism department believes.

A parcel containing explosives that the guerrilla group Conspiracy of the Cells of Fire sent to the office of German Finance Minister Wolfgang Schaeuble was dispatched to Germany on a commercial flight from Athens to Frankfurt, police sources have revealed.