Greek government-debt crisis

Alpha posts higher quarterly profit on interest takings

Alpha Bank, Greece's third-largest lender by market value, on Monday posted a 24% rise in first-quarter net profit on higher interest income.

Alpha Bank, which is 9% owned by Greece's HFSF bank rescue fund, said net profit came in at 162 million euros, up from €131 million in the first quarter last year.

PM, Tsipras agree on TV debate for second ballot

The first agreement was reached on Monday by Prime Minister Kyriakos Mitsotakis and SYRIZA leader Alexis Tsipras for a one-on-one debate in view of the second election, in case the polls of May 21 do not produce a government. 

"In the next election, because there is indeed a bonus, of course there should be a debate," the ruling New Democracy president told ANT1 TV. 

Party staffs mulling post-May 21 scenarios

As the election period enters the final stretch, the parties are considering alternative scenarios for the outcome of the May 21 ballot and their handling of the crucial phase of the exploratory mandates that will follow, with ruling conservative New Democracy maintaining a clear poll lead over leftist SYRIZA and center-left PASOK moving into double-digit percentages. 

Dimitra and Persephone

Walter Heller, an economist who served in the Kennedy and Johnson administrations, used to quip that "an economist is a man who, when he finds something works in practice, wonders if it works in theory." Yanis Varoufakis, Greece's former finance minister and now leader of the MeRA25 political party must be a great economist considering that he wants to replace the euro, a currency which actuall