Senior Correspondent, Greece
Deepa's Feed
Jul 27, 2015

Greece’s Varoufakis confirms covert plan to hack tax codes

ATHENS (Reuters) – Former Greek Finance Minister Yanis Varoufakis confirmed on Monday he had made secret preparations to hack into citizens’ tax codes to create a parallel payment system after the disclosure provoked shock and disbelief in Greece.

However, the self-proclaimed “erratic Marxist” academic, in office until July 6, sought to play down the initiative as a contingency plan that had never been implemented.

Jul 4, 2015

Greece votes in referendum with future in euro in doubt

ATHENS (Reuters) – Greece votes on Sunday on whether to accept more austerity in exchange for international aid, in a high-stakes referendum likely to determine whether it leaves the euro-currency area after seven years of economic pain.

    Staged against a backdrop of shuttered banks and threats of financial apocalypse, the vote is too close to call and may not produce the clear mandate for negotiations that Athens’ creditors seek.

Jul 1, 2015

Greek referendum shines light on divisions after five-year misery

ELEFSINA, Greece/ATHENS (Reuters) – Georgia Golemi, a pharmacy owner, plans to oppose international bailout terms in a Greek referendum on Sunday, while Michalis Fioravantes, a state-funded teacher, says he will vote for them.

Their stances, counterintuitive in the bitter debate over market reforms raging between Greece and its creditors, show how unpredictable the vote is likely to be in a country where financial disintegration has blurred traditional distinctions.

Jun 30, 2015

Fearing euro exit, thousands of Greeks rally for ‘Yes’ vote

ATHENS, June 30 (Reuters) – Thousands of Greeks worried
about the prospect of crashing out of Europe’s currency union
rallied in Athens on Tuesday behind a “Yes” vote in a referendum
on whether to accept tough terms demanded by creditors to keep
the country afloat.

One banner read: “We will not become the last Soviet state”.
Many carried flags of the European Union. They chanted “Greece,
Europe, democracy!”

Jun 23, 2015

Greek leftist dissenters fume over Tsipras concessions

ATHENS (Reuters) – Word of concessions by Greek Prime Minister Alexis Tsipras in Brussels had barely reached Athens on Monday when one of his own party’s lawmakers, Yannis Michelogiannakis, had already decried them as a “tombstone” for Greece.

“How can you cut a deal that will increase suicides and make people poorer?” he told Greek television late on Monday, hours after Tsipras presented new proposals to European creditors under the threat of a banking collapse and a default.

Jun 22, 2015

In Athens, flag-waving Greeks rally to show support for euro

ATHENS (Reuters) – Thousands rallied in front of the Greek parliament on Monday to show support for Athens’s place in the euro zone as leaders of the single-currency bloc gathered in Brussels to discuss the cash-strapped country’s fate.

The pro-euro rally, the second such demonstration in a week, came a day after an anti-austerity protest in support of Prime Minister Alexis Tsipras’s hard line stance toward creditors that has pushed Greece to the brink of bankruptcy.

Jun 17, 2015

Greece can give ground but no more pension cuts: negotiator

ATHENS (Reuters) – Greece is willing to make concessions to strike a deal with creditors as long as it is “economically viable”, but will not cut its existing pensions, a top Greek negotiator told Reuters on Wednesday.

The comments by Euclid Tsakalotos were the clearest sign since the collapse of talks at the weekend that Greece still has room to offer some ground to lenders despite its hardline rhetoric against their demands.

Jun 10, 2015

Leftist firebrands make compromise a hard sell for Greece’s Tsipras

ATHENS (Reuters) – They demand Greece never surrender to foreign creditors trying to turn it into a “colony”, and nearly carried a resolution last month in a ruling party committee insisting Athens default on its loans to the International Monetary Fund.

The colorful characters and equally colorful rhetoric of the faction on the far left of Prime Minister Alexis Tsipras’s Syriza party have added to the drama of his showdown with international creditors.

Jun 4, 2015

Creditors’ offer prompts anger, dismay in Greece

ATHENS (Reuters) – Lawmakers from Greece’s ruling Syriza party reacted with dismay and fury on Thursday to a package of reforms creditors offered Prime Minister Alexis Tsipras in return for cash, with one senior party official calling it a “murderous” proposal.

The starkly negative reaction points to a growing risk of a rift or outright revolt within the radical leftist party, which could prompt Prime Minister Alexis Tsipras to resort to early elections to overcome divisions and win acceptance for a deal.

Jun 3, 2015

Greece threatens to skip IMF payment; Tsipras set for EU talks

ATHENS (Reuters) – Greece threatened to miss a loan repayment to the IMF this week, opening the way for possible default, just hours before creditors were expected to present an ultimatum offering Athens funds in return for economic reform.

Prime Minister Alexis Tsipras visits Brussels later on Wednesday to see senior European officials, where he is expected to hear the terms of the plan drawn up this week at a meeting of top leaders, including German Chancellor Angela Merkel.