ATHENS, Dec 3 (Reuters) – Greece said on Monday it would buy
back bonds through a Dutch auction as part of efforts to cut its
ballooning debt, allowing it to assess the level of demand
before setting a final price for the deal.
The bond buyback is central to the efforts of its foreign
lenders to put Greece’s debt back on sustainable footing, and
its success will pave the way for the country to get
long-delayed funding to avoid bankruptcy.
ATHENS, Sept 20 (Reuters) – Greece’s latest round of talks
with lenders on an austerity plan was marked by moments of
tension as the two sides squabbled over a plan to reform the
country’s bloated public sector, government officials told
Reuters on Thursday.
The dispute is the latest challenge facing Prime Minister
Antonis Samaras’s government, which is struggling to reach
agreement both internally and with the troika of European Union,
European Central Bank and International Monetary Fund lenders on
an unpopular package of spending cuts worth nearly 12 billion
ATHENS (Reuters) – A leaked document from Greek officials complaining they could not justify ambitious targets for proceeds from fighting tax evasion has embarrassed Greece’s new government and led to the arrest of a senior finance official.
Lambros Liosis, budget department chief at the ministry’s General Accounting Office, appeared before prosecutors on Wednesday after being charged with violating personal data and state secrecy laws for leaking the document.
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