Bureau Chief, Greece & Cyprus
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Jul 24, 2012

Special Report: In Greek crisis, lessons in a shrimp farm’s travails

ATHENS (Reuters) – Just over a decade ago, Napoleon Tsanis set out from Sydney with 11 million euros and a dream to build a shrimp farm in his ancestral homeland.

What he got was years of wrestling Greek bureaucracy and a court battle with a civil servant. Tsanis eventually opened his shrimp farm, but even now the Greek-Australian has managed to invest just 2 million euros ($2.5 million), and that thanks to sheer stubbornness and a strong Australian dollar that has kept his venture profitable despite the delays.

Jul 23, 2012

Troika inspectors back on make-or-break Greek visit

ATHENS (Reuters) – Inspectors from the international lenders keeping Greece afloat return to Athens on Tuesday to relaunch its stalled economic plan and decide whether to keep the nation hooked up to a 130-billion-euro lifeline or let it go bust.

The euro zone member has fallen behind targets agreed as conditions of its bailout deal, mainly due to three months of political limbo as it struggled to form a government after two inconclusive elections but also because of resistance to reforms from unions and special interests.

Jul 19, 2012

Insight: Exasperated lenders get blunt with Greece

ATHENS (Reuters) – The International Monetary Fund’s mission chief for Greece, Poul Thomsen, walked grim-faced into his first meeting with newly elected Prime Minister Antonis Samaras on July 5 wearing a black tie looking as if he was going to a funeral.

Whether he was making a point or not, the first meet-and-greet visit by Greece’s exasperated international lenders with the new government was blunt, both sides told Reuters.

Jul 19, 2012

Exasperated lenders get blunt with Greece

ATHENS, July 19 (Reuters) – The International Monetary
Fund’s mission chief for Greece, Poul Thomsen, walked grim-faced
into his first meeting with newly elected Prime Minister Antonis
Samaras on July 5 wearing a black tie looking as if he was going
to a funeral.

Whether he was making a point or not, the first
meet-and-greet visit by Greece’s exasperated international
lenders with the new government was blunt, both sides told
Reuters.

Jul 6, 2012

Greece wants to renegotiate policies, not targets: PM

ATHENS (Reuters) – Greece will meet targets set by international lenders, but needs more time and wants to renegotiate policies that make its fiscal situation worse by preventing a return to economic growth, Prime Minister Antonis Samaras said on Friday.

In his first policy speech since taking office, Samaras outlined his government’s priorities before a confidence vote on Sunday. Samaras said his aim was not to demand a change of the goals set in the 130 billion euro bailout deal keeping Greece afloat, but in the austerity policies imposed to meet them.

Jun 19, 2012

Greek rage to force bailout changes: Tsipras

ATHENS (Reuters) – Though it didn’t win last weekend’s election, Greece’s fast-rising radical leftist leader says his party has won the argument against the austerity measures keeping Greece in the eurozone and will inevitably come to power.

“What Syriza has been saying all along is that the bailout plan is not viable and cannot go on,” party chief Alexis Tsipras told Reuters in his first interview since last Sunday’s parliamentary election. “Now they all recognize this.”

Jun 19, 2012

Tsipras – Greek rage to force bailout changes

ATHENS (Reuters) – Though it didn’t win last weekend’s election, Greece’s fast-rising radical leftist leader says his party has won the argument against the austerity measures keeping Greece in the eurozone and will inevitably come to power.

“What Syriza has been saying all along is that the bailout plan is not viable and cannot go on,” party chief Alexis Tsipras told Reuters in his first interview since last Sunday’s parliamentary election. “Now they all recognise this.”

Jun 18, 2012

Relieved Europe hints at more time for Greece

BERLIN/ATHENS (Reuters) – Euro zone paymaster Germany, relieved at a narrow election victory for Greece’s pro-bailout parties, signaled on Monday it may be willing to grant Athens more time to meet its fiscal targets to avert a catastrophic euro exit.

But financial markets’ relief that the 17-nation European currency area had avoided plunging deeper into crisis was mitigated by concern about unresolved problems in Greece, the lack of a comprehensive plan for the euro zone as a whole and weakness in the world economy.

Jun 18, 2012

Greek pro-bailout parties look to forge coalition

ATHENS (Reuters) – Political parties supporting Greece’s international bailout will begin forging a government on Monday after an election victory over radical leftists staved off the prospect of the debt-laden country leaving the euro and brought relief to global markets.

Conservative New Democracy leader Antonis Samaras called for broad support after winning Sunday’s election over the radical SYRIZA party, which had threatened to cancel the aid deal in defiance of the country’s lenders.

Jun 15, 2012

Bookies favour Greek right but soccer may sway vote

ATHENS, June 15 (Reuters) – Bookmakers see Greece’s
conservative New Democracy winning Sunday’s election but
political parties say the race is so close that even an
international soccer match or the weather may help usher the
radical left into power.

Greeks angry after two years of austerity and decades of
corruption punished mainstream politicians in an inconclusive
election on May 6 that catapulted the SYRIZA party to a surprise
second place, turning the fringe leftists into serious
contenders in Sunday’s repeat vote.

    • 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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