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Nov 1, 2012

Insight: Greek “tax cheat” lists yield one suicide, no convictions

VOLOS, Greece (Reuters) – Leonidas Tzanis, a Greek provincial lawyer and former government minister, went down to his basement garage in the city of Volos last month, tied a TV cable to a metal beam and hanged himself.

Friends and family say Tzanis died because he was on a list, one of several hinting at financial crimes which are dominating Greek headlines and filling a vacuum created by the state’s failure to act decisively on tax evasion and corruption.

Nov 1, 2012

Greek “tax cheat” lists yield one suicide, no convictions

VOLOS, Greece, Nov 1 (Reuters) – Leonidas Tzanis, a Greek
provincial lawyer and former government minister, went down to
his basement garage in the city of Volos last month, tied a TV
cable to a metal beam and hanged himself.

Friends and family say Tzanis died because he was on a list,
one of several hinting at financial crimes which are dominating
Greek headlines and filling a vacuum created by the state’s
failure to act decisively on tax evasion and corruption.

Oct 7, 2012

Merkel to face protests on first crisis visit to Greece

ATHENS/BERLIN (Reuters) – German Chancellor Angela Merkel will tell Greeks she wants to keep their country in the euro when she visits Athens this week, but she faces a hostile reception from a people worn down by years of austerity and recession.

Many Greeks blame Merkel, who has publicly chastised them for much of the past three years, for the nation’s plight. Opponents, some of whom have caricatured her as a bullying Nazi, have promised protests on Tuesday during her first visit to Greece since the euro zone crisis erupted there in 2009.

Oct 3, 2012

Greek hopes fade for quick deal on austerity cuts

ATHENS, Oct 3 (Reuters) – Greece’s hopes of striking a deal
with its lenders before euro zone finance ministers meet next
week dimmed on Wednesday, when officials admitted the two sides
disagree on how much the economy will contract in 2013 – a key
figure in their calculations.

After weeks of talks, Athens is still struggling to clinch
an agreement on nearly 12 billion euros of cuts with the
“troika” of European Central Bank, European Commission and
International Monetary lenders, who fear some of the proposed
savings are not feasible.

Oct 1, 2012

Greek 2013 budget sees 6th year of recession

ATHENS, Oct 1 (Reuters) – Greece will bring forward painful
budget cuts to end a decade of primary deficits while grappling
with a sixth year of recession, according to a 2013 budget draft
aimed at satisfying international lenders.

The government unveiled a tough austerity budget after
Finance Minister Yannis Stournaras met the so-called “troika” of
International Monetary Fund, European Commission and European
Central Bank inspectors, whose approval is vital to unlock the
next slice of aid, urgently needed to avoid bankruptcy.

Oct 1, 2012

Greek 2013 budget sees 6th year of recession-source

ATHENS, Oct 1 (Reuters) – Greece will bring forward painful
budget cuts to end a decade of primary deficits while grappling
with a sixth year of recession, according to a 2013 budget draft
aimed at satisfying international lenders.

The government will unveil a tough austerity budget later on
Monday, after Finance Minister Yannis Stournaras concludes a
meeting with the so-called “troika” of International Monetary
Fund, European Commission and European Central Bank inspectors
for any last-minute tweaks.

Sep 19, 2012

Greek islands not for sale, red tape must go: minister

ATHENS (Reuters) – Greece needs to cut bureaucracy and push through languishing investment projects, not sell its islands to attract funds crucial for its struggling economy to return to growth, a Deputy Development Minister told Reuters on Wednesday.

Seven major investment projects, ranging from tourism to energy and worth half a billion euros in total, have been stuck for months awaiting parliamentary approval instead of drawing cash into an economy stuck in its fifth year of recession.

Sep 7, 2012

Greece may pass new troika test but bailout seen on the rocks

ATHENS, Sept 7 (Reuters) – Greece hopes a major state
sell-off this autumn will persuade international inspectors
arriving on Friday to keep the country’s aid lifeline open
despite scant progress on reforms promised in return for the
cash.

The so-called troika of the International Monetary Fund,
European Commission and European Central Bank will assess
Greece’s progress towards targets set under its bailout before
deciding next month whether to pay out a 31 billion euro loan.

Aug 1, 2012

Greek leaders agree budget cuts

ATHENS (Reuters) – Greek political leaders agreed to 11.5 billion euros ($14.14 billion) of austerity cuts demanded under its bailout terms, opening the way for a deal with foreign lenders within the month, Greek officials said on Wednesday.

The junior partners in the conservative-led coalition government of Prime Minister Antonis Samaras set aside demands for an immediate renegotiation of the terms of the deal to ease talks with the troika of IMF and EU lenders.

Jul 30, 2012

Greek PM’s allies seek more time for austerity cuts-sources

ATHENS, July 30 (Reuters) – Greek Prime Minister Antonis
Samaras’s allies are pushing for two more years to implement
unpopular austerity cuts before they sign off on them, sources
close to the parties said on Monday, potentially delaying a deal
on the savings demanded by lenders.

The three parties in Samaras’s coalition have agreed on the
bulk of the nearly 12 billion euros ($14.7 billion) in cuts that
Greece must produce to satisfy inspectors from the European
Union and International Monetary Fund bailing out the nation.

    • About Dina

      "Based in Athens, in charge of text, pictures and TV teams covering Greece and Cyprus since 2005. Previously based in Bucharest, in charge of Romania and Bulgaria."
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