Senior Correspondent, Greece
Deepa's Feed
Jan 19, 2012

Relief in Spain, tension in Greece for euro zone

MADRID/ATHENS (Reuters) – The embattled euro zone cleared a major funding test on Thursday when Spain romped through a key bond sale, while signs pointed to only a mild recession for the 17-nation bloc.

Talks between Greece and its creditors remained deadlocked, however, threatening to derail a needed bailout and keep the region’s all-consuming debt crisis on the boil.

Dec 15, 2011

Insight: In Greece, playing cat and mouse with tax evaders

ATHENS (Reuters) – Nikos Lekkas’ team of tax investigators knew they were on to something when they found that a humble Greek farmer on the island of Thasos owned a red Ferrari and a Porsche.

Intrigued by how a farmer who had declared just 100,000 euros in income over the past decade could afford such luxuries, Lekkas dispatched an undercover tax agent to the north Aegean island.

Dec 15, 2011

In Greece, playing cat and mouse with tax evaders

ATHENS, Dec 15 (Reuters) – Nikos Lekkas’ team of tax
investigators knew they were on to something when they found
that a humble Greek farmer on the island of Thasos owned a red
Ferrari and a Porsche.

Intrigued by how a farmer who had declared just 100,000
euros in income over the past decade could afford such luxuries,
Lekkas dispatched an undercover tax agent to the north Aegean
island.

Nov 25, 2011
Nov 24, 2011
Nov 23, 2011
Nov 23, 2011

Italy’s shadow economy moves into political spotlight

NAPLES, Italy (Reuters) – In the busy Naples square where she works, 18-year-old Arianna is a familiar sight as she darts back and forth from a cafe bearing trays with espresso and pastries.

With a bright blue apron, lip stud and cheerful smile, she is known to all except the Italian taxman — for whom the Neapolitan waitress has never existed and probably never will.

Nov 23, 2011

Greece faces last chance to stay in euro zone – central bank

ATHENS (Reuters) – Greece has one last chance to stay in the euro zone and needs an all-out effort to avoid being dragged back several decades, the country’s central bank warned on Wednesday.

In a blunt snapshot of the country’s precarious position, the Bank of Greece said failure to hit fiscal targets, delays in implementing reforms and a shrinking economy had undermined its earlier assessments on Greece’s debt being sustainable.

Nov 23, 2011

Greece faces last chance to stay in euro zone-c.bank

ATHENS, Nov 23 (Reuters) – Greece has one last chance
to stay in the euro zone and needs an all-out effort to avoid
being dragged back several decades, the country’s central bank
warned on Wednesday.

In a blunt snapshot of the country’s precarious position,
the Bank of Greece said failure to hit fiscal targets, delays in
implementing reforms and a shrinking economy had undermined its
earlier assessments on Greece’s debt being sustainable.

Nov 23, 2011