Senior Correspondent, Greece
Deepa's Feed
Aug 1, 2012

Leaked emails on Greek tax evasion embarrass government

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.

Jul 26, 2012

Olympics-Greek judoka eyes gold for crisis-hit nation

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.

Jul 25, 2012

Greece scrambles to show inspectors progress on stalled reforms

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.

Jul 10, 2012

Greek police ignore rising attacks on migrants: HRW

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.

Jul 8, 2012

Greek government wins confidence vote, bigger battles loom

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.

Jul 8, 2012

Greek govt wins confidence vote, bigger battles loom

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.

Jul 3, 2012

Greece eyes revival without jeopardizing bailout targets

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.

Jul 2, 2012

ECB warns Greece as ministers plan softer bailout bid

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
lenders.

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
programme.

Jul 2, 2012

ECB’s Asmussen urges Greece to focus on reforms

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.

Jun 26, 2012

“Mr Euro” named Greek finance minister

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
pains.