George Papandreou

PASOK leader Evangelos Venizelos on Saturday announced his departure from the Socialist party but not from politics, setting the ball in motion for the election this Sunday of a new party chief.

Friday was “clash of the referenda” day, as former French president Nicolas Sarkozy first tweeted his support for such a referendum by the embattled Greek government — only to be quickly followed by a “tongue-in-cheek” response by former Greek PM George Papandreou.

By Costas Iordanidis

By Alexis Papachelas

The Wall Street Journal's article titled "Europe Slow to Adopt New Accounting Standard Despite Greek Crisis" states that, despite not having achieved much in its first two months, the Greek government did succeed in establishing a parliamentary inquiry into the circumstances surrounding the country's bankruptcy.

Socialist party PASOK on Wednesday suggested that former conservative Prime Minister Costas Karamanlis (photo) should be the first witness called to face a parliamentary committee expected to be set up to probe the circumstances in which Greece's two international bailouts were signed.

Former Greek Finance Minister Giorgos Papakonstantinou has been handed a one-year suspended sentence after a court found him guilty of helping three people dodge millions in tax.

One of Greece's previous legislatures was offered by IMF head Christine Lagarde a list of Greek citizens holding offshore accounts, in a move to fight tax evasion - the so-called "Lagarde list".

Socialist PASOK leader Evangelos Venizelos on Friday announced he was stepping down from the party's leadership, with a party congress announced for mid May.

Less than 50 of Parliament?s 300 deputies refused the privilege of a complimentary car that they are entitled to as elected MPs but which Prime Minister Alexis Tsipras had exhorted them to reject during his presentation of the government?s policy program.

By Yiannis Papadoyiannis

Piraeus Group head Michalis Sallas is poised to become the new president of the Hellenic Bank Association as soon as the administrative changes at the National Bank of Greece are completed.