Senior Correspondent, Greece
Deepa's Feed
Mar 4, 2012

Greek town withers as boom turns to bust

KOMOTINI, Greece (Reuters) – Decades ago, Antonis Seitanidis’ family fled Asia Minor to settle in the northern Greek town of Komotini in search of a better life.

Today, he is urging his grandchildren to abandon the town – a place that once gave him hope but is now ravaged by factory closures, a lack of jobs and rising anger.

Mar 3, 2012

In Greece, redundancy tips factory worker over the edge

KOMOTINI, Greece (Reuters) – After more than 30 years as a factory worker, Dimitris Manikas was dreaming of retirement and plans to get married for the third time when a redundancy notice blew his hopes away.

Laid off from his job at a trash can factory in this northern Greek town, the 52-year-old father of two called off his wedding — even though he had bought the wedding bands. Without any income, he feared his house would be next to go.

Mar 3, 2012

In Greece, redundancy tips factory worker over the edge

KOMOTINI, Greece, March 4 (Reuters) – After more than
30 years as a factory worker, Dimitris Manikas was dreaming of
retirement and plans to get married for the third time when a
redundancy notice blew his hopes away.

Laid off from his job at a trash can factory in this
northern Greek town, the 52-year-old father of two called off
his wedding — even though he had bought the wedding bands.
Without any income, he feared his house would be next to go.

Feb 24, 2012

Greek leftist rides anti-austerity wave to election

ATHENS (Reuters) – Greece will take years to get back on its feet unless it ditches the unbearable budget cuts in the latest EU/IMF rescue plan and instead focuses on achieving economic growth, said the leader of a small leftist party which is rising rapidly in opinion polls.

A mild-mannered lawyer who shuns the fiery rhetoric popular with his Greek political peers, Fotis Kouvelis has become an unexpected sensation before elections in April, with his Democratic Left party soaring to the No. 2 spot in most polls.

Feb 22, 2012

Greek pro-bailout parties to survive voter anger

ATHENS (Reuters) – Support for Greece’s two pro-bailout parties has sunk to an all-time low, but pollsters predict the squabbling rivals will still scrape through upcoming elections with enough seats in parliament to push through the reforms demanded by lenders.

With Greece finally clinching a 130-billion-euro rescue package to avert a messy default, attention is slowly shifting to elections due in April – with financial markets and European partners nervously waiting to see whether a new government will swallow the bitter austerity pill prescribed in return for aid.

Feb 22, 2012

Analysis: Greek pro-bailout parties to survive voter anger

ATHENS (Reuters) – Support for Greece’s two pro-bailout parties has sunk to an all-time low, but pollsters predict the squabbling rivals will still scrape through upcoming elections with enough seats in parliament to push through the reforms demanded by lenders.

With Greece finally clinching a 130-billion-euro rescue package to avert a messy default, attention is slowly shifting to elections due in April – with financial markets and European partners nervously waiting to see whether a new government will swallow the bitter austerity pill prescribed in return for aid.

Jan 27, 2012

Greek PM sees quick debt swap deal, end-game in sight

ATHENS, Jan 27 (Reuters) – Greece expects to clinch a
long-awaited bond swap deal within days, Prime Minister Lucas
Papademos told Reuters on Friday, promising the country would
avoid an unruly default feared by financial markets worldwide.

But in a sign that Greece’s troubles will be far from over
even with a deal, a report showed that the European Union and
IMF want Greece to push through more budget cuts and austerity
reforms before they sign off on a new bailout package.

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.