ATHENS, July 26 (Reuters) – Greek judoka Ilias Iliadis says
much more than personal glory is at stake when he goes for his
second Olympic gold – an entire nation reeling from a painful
economic crisis is looking to him for a moment of joy.
Iliadis, who grabbed gold in judo when he competed as a
17-year old at the 2004 Athens Games, is considered as one of
Greece’s best bets for Olympic glory in a year the financial
problems has by far overshadowed its London Games prospects.
ATHENS (Reuters) – Trying to convince increasingly skeptical international lenders that it is serious about slashing its debts, Greece named a new privatization chief on Wednesday and said it would sell a loss making bank that has been draining state coffers.
The latest visit to Athens by inspectors from the European Union, European Central Bank and International Monetary Fund has already begun on a sour note, with officials warning Greece is hugely off track in meeting pledges under its 240 billion euros bailout.
ATHENS (Reuters) – Gangs of Greeks are regularly attacking immigrants with impunity across the country and authorities are ignoring or discouraging victims from filing complaints, advocacy group Human Rights Watch said in a report on Tuesday.
Greece is a major gateway into the European Union for undocumented migrants from Asia and Africa, and illegal immigration has become a hot-button issue as the country struggles through its worst economic crisis since World War Two.
ATHENS (Reuters) – Greece’s new conservative-led government won parliamentary approval on Monday, but faced the much tougher task of convincing European partners and the IMF to give it more time to meet the terms of its bailout.
There had been little doubt the government would sail through the confidence vote after a heated three-day debate in which it pledged to win back the trust of foreign lenders.
ATHENS, July 9 (Reuters) – Greece’s new conservative-led
government won parliamentary approval on Monday, but faced the
much tougher task of convincing European partners and the IMF to
give it more time to meet the terms of its bailout.
There had been little doubt the government would sail
through the confidence vote after a heated three-day debate in
which it pledged to win back the trust of foreign lenders.
ATHENS (Reuters) – Greece’s new government will focus on reviving its recession-hit economy without missing targets under a foreign bailout, a deputy finance minister said on Tuesday, in a bid to assuage concerns it would renege on commitments to its lenders.
Athens wants to take advantage of a shift in Europe towards more growth-oriented measures by tweaking the mix of measures in the 130-billion-euro rescue, but would not try to change overall fiscal targets in the plan, Christos Staikouras said.
ATHENS, July 2 (Reuters) – The European Central Bank told
Greece on Monday not to waste time trying to renegotiate its
international bailout as government ministers hashed out a plan
for easing its punishing terms before a review by the country’s
Echoing Greece’s euro zone partners, ECB policymaker Joerg
Asmussen signalled that Prime Minister Antonis Samaras was
unlikely to win much leeway in imposing austerity measures
demanded by the European Union and IMF under its bailout
ATHENS (Reuters) – Greece should not lose time trying to renegotiate its international bailout but focus instead on getting its reform program on track, European Central Bank policymaker Joerg Asmussen said, adding that it was risky to delay adjustments.
Greece’s incoming coalition government under conservative Prime Minister Antonis Samaras has said it wants to soften the terms of the bailout, mainly by extending it by two years, to enable the country to recover from a five-year-long recession.
ATHENS, June 26 (Reuters) – Respected economist Yannis
Stournaras, who was part of a team that negotiated Greece’s
entry to the euro, has been appointed as new finance minister,
the government announced on Tuesday.
Greece’s new conservative-led government scrambled to make a
quick decision on the post after their first choice, banker
Vassilis Rapanos, quit on Monday on the advice of doctors after
spending four days in hospital suffering dizziness and abdominal
ATHENS (Reuters) – Greek coalition leaders aim to agree on a new finance minister on Tuesday after their first choice deepened the chaos surrounding the country’s debt crisis by resigning over ill health a few days after being named.
Vassilis Rapanos quit on Monday less than a week after the conservative-led government took office with the huge task of trying to persuade foreign lenders to soften the terms of an international bailout that has enraged Greeks.