Senior Correspondent, Greece
Deepa's Feed
Feb 17, 2013

Cypriot conservative chief leads in vote, faces runoff

NICOSIA (Reuters) – Conservative leader Nicos Anastasiades grabbed a commanding lead in Cyprus’s presidential election but failed to avoid a run-off next week, in a setback to investor hopes for a swift deal to save the island nation from bankruptcy.

A financial crash in Cyprus could reignite the euro zone debt crisis and investors are keen to see Anastasiades, the strongest advocate of an international rescue deal likely to come with harsh conditions, clinch victory and secure a bailout.

Feb 17, 2013

Cypriot conservative chief grabs lead in election: exit poll

NICOSIA (Reuters) – Conservative leader Nicos Anastasiades has grabbed a commanding lead in Cyprus’s presidential election and may be able to avoid a run-off, exit polls showed on Sunday, boosting investors’ hopes for a swift deal to save the island from bankruptcy.

A financial crash in Cyprus could reignite the euro zone debt crisis and investors are keen to see Anastasiades, the strongest advocate of an international rescue deal likely to come with harsh conditions, clinch victory and secure a bailout.

Feb 17, 2013

Cyprus votes for leader to steer it past financial storm

NICOSIA (Reuters) – Cypriots went to the polls on Sunday to elect a president who must negotiate a financial rescue to save the island country from a bankruptcy that would reignite the euro zone debt crisis.

The eastern Mediterranean nation’s worst economic crisis in four decades eclipsed its almost four-decade-old partition as the main issue in this year’s election, which conservative leader Nicos Anastasiades was tipped to win.

Feb 13, 2013

Analysis: Cyprus rescue may set unwelcome euro zone precedent

ATHENS/NICOSIA (Reuters) – Cyprus hardly seems to have the sort of debt crisis that could provoke a domino effect across the euro zone; its economy is tiny and the bloc’s financial exposure to the island is modest.

Nevertheless, Cyprus is fast becoming a risk for efforts to tackle problems in the euro zone’s much larger economies because almost any way of solving the crisis – from restructuring its debts to imposing losses on banks – is likely to set a precedent for other troubled states.

Feb 13, 2013

Cyprus rescue may set unwelcome euro zone precedent

ATHENS/NICOSIA, Feb 13 (Reuters) – Cyprus hardly seems to
have the sort of debt crisis that could provoke a domino effect
across the euro zone; its economy is tiny and investment from
the rest of the bloc is modest.

Nevertheless, the island is fast becoming a risk for euro
zone efforts to tackle problems in its much larger economies
because almost any way of solving the Cyprus crisis – from
restructuring its debts to imposing losses on banks – is likely
to set a precedent for other troubled states.

Jan 18, 2013

Greece to probe former finance minister over tax list scandal

ATHENS, Jan 18 (Reuters) – Greece’s parliament voted early
on Friday to probe former Finance Minister George
Papaconstantinou for his role in a scandal over a list of
potential tax evaders that has rattled the fragile ruling
coalition.

In a relief for the government, Socialist chief Evangelos
Venizelos, a former finance minister and one of three coalition
leaders, escaped an inquiry into his handling of the list after
lawmakers voted by a wide margin against the move.

Jan 17, 2013

Greek parties in uproar over tax scandal before inquiry vote

ATHENS, Jan 17 (Reuters) – Greece’s leftist opposition
called on Thursday for two former finance ministers to be
punished for failing to act on a list of potential tax evaders,
hours before a parliamentary vote to decide who to investigate.

Parliament will vote later on whether former finance
ministers George Papaconstantinou and Evangelos Venizelos as
well as two former prime ministers must face an inquiry over the
affair, which has rattled the fragile ruling coalition.

Dec 17, 2012

Greece’s lenders warn of “very large” risks to bailout

ATHENS (Reuters) – Political resistance and potential court challenges are among “very large” risks to reforms required for Greece’s bailout program, the country’s European lenders said on Monday.

The long-awaited report from the European Commission and the European Central Bank details the findings of the “troika” of the EC, ECB and the International Monetary Fund on Athens’ efforts to meet targets under its latest rescue package.

Dec 6, 2012

Insight: Tortured, detained and ordered out: a migrant’s tale in Greece

SALAMINA, Greece (Reuters) – Egyptian immigrant Waleed Taleb says demanding his unpaid wages in Greece came at a heavy price; 18 hours chained and beaten by his boss, a stint in jail and orders to leave the country he calls home.

One of hundreds of thousands of undocumented immigrants who toil in Greece’s black labor market, Taleb had just finished cleaning the bakery where he worked one November morning on the island of Salamina when he sparked his boss’s fury.

Dec 6, 2012

Tortured, detained and ordered out: a migrant’s tale in Greece

SALAMINA, Greece, Dec 6 (Reuters) – Egyptian immigrant
Waleed Taleb says demanding his unpaid wages in Greece came at a
heavy price; 18 hours chained and beaten by his boss, a stint in
jail and orders to leave the country he calls home.

One of hundreds of thousands of undocumented immigrants who
toil in Greece’s black labour market, Taleb had just finished
cleaning the bakery where he worked one November morning on the
island of Salamina when he sparked his boss’s fury.