Greek government-debt crisis

George Papandreou bounces back

The last time I saw George Papandreou was here in Istanbul exactly two years ago. He had come to Turkey to be a guest speaker at the annual meeting of the Global Relations Forum (GRF) and delivered a speech in the offices of Rumvader, the association of Greek-Orthodox foundations, in the vicinity of Aghia Triada Church in Taksim.

Greece to auction 1.25 billion euros of T-bills

Greece will auction six-month treasury bills on Wednesday to raise 1.25 billion euros, as part of its regular monthly issues, the Public Debt Management Agency (PDMA) said last Friday.

The settlement date for the auction will be this Friday. Only primary dealers will be allowed to participate and no commission will be paid.

Hardouvelis eyes bourse gains

 Minister expects 2015 to cover losses and see prices soar once uncertainty ends in three weeks’ time

Finance Minister Gikas Hardouvelis expressed on Friday optimism that 2015 will bring considerable gains for the Greek stock market if the country remains committed to consistency and stability. However, he warned that forfeiting obligations will mean a eurozone exit.

Papandreou to launch new party

Former Prime Minister George Papandreou is due to announce Saturday afternoon the creation of a new party, which he will lead and which will take part in the January 25 elections, much to the annoyance of PASOK leader and Deputy Premier Evangelos Venizelos.

Samaras says SYRIZA risking default but leftists reject claims

Prime Minister Antonis Samaras accused SYRIZA on Friday of preparing to make unilateral moves that would spark a Greek default if it comes to power, as the opposition party tried to distance itself from suggestions by one of its own MPs that it might stop repaying the country’s debt.