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May 5, 2012

Greek Socialist bruiser Venizelos faces uphill battle

ATHENS (Reuters) – Socialist party leader Evangelos Venizelos is running an uphill race to Sunday’s election, trying to convince angry Greeks that deeply unpopular economic reforms are the only way to escape the worst crisis in decades.

In less than three years, his PASOK party went from a landslide election victory to fifth place in opinion polls, loathed by Greeks for imposing crippling austerity measures and accused by European powers of mishandling a debt crisis that shook the euro zone to its foundations.

May 4, 2012

Greek resistance hero fights for Left at age of 89

ATHENS (Reuters) – Manolis Glezos takes to the podium with the spry step of a young man, lifts his arms in the air and tells thousands of flag-waving supporters the time has come for the Greek Left to unite and rule.

At 89, the former wartime fighter against Nazi occupation, who is running for the Left Coalition party, hopes Sunday’s election will fulfill his lifetime dream.

May 4, 2012

Conservative leader front runner in Greek election

ATHENS, May 4 (Reuters) – Family history weighs heavily on
conservative leader Antonis Samaras as he battles to lead Greece
after Sunday’s general election.

His great-grandmother, Penelope Delta, a celebrated author
of patriotic children’s books, committed suicide in 1941, unable
to stand the sight of German tanks rolling down the streets of
Athens during World War Two.

May 3, 2012

Greeks to vent rage in weekend election

ATHENS (Reuters) – Greek voters enraged by economic hardship will punish traditional parties in a highly uncertain election on Sunday that could plunge the country into new political chaos and shake the entire euro zone.

At stake is whether Greece sticks with the harsh terms of a hugely unpopular 130 billion euro ($170.83 billion) EU/IMF bailout, or heads down a path that could see it ejected from the single currency, with dire risks for other EU peripheral states like Spain and Italy.

Apr 29, 2012

Socialist leader appeals to Greeks to stop the far-right

PATRAS, Greece (Reuters) – Greek Socialist leader Evangelos Venizelos warned voters they were opening the gates of parliament to the “goose-stepping” far-right and appealed for understanding over his party’s support for austerity in return for an international bailout.

Venizelos took leadership of the Socialist PASOK party, for decades Greece’s largest, earlier this year to try to win back support in next Sunday’s election, when voters are set to punish those parties that backed painful austerity measures.

Apr 23, 2012

Greek election a puzzle that could derail bailout

ATHENS (Reuters) – Greek voters are unlikely to pick a clear winner in a snap election that is expected to send a record number of parties to parliament next month and test the international bailout keeping the country afloat.

Political analysts say the outcome of the May 6 election is hard to predict. The conservative New Democracy party is seen ahead but not by enough to take sole charge of the indebted euro zone member.

Apr 11, 2012

Greece calls May 6 poll that may create stalemate

ATHENS (Reuters) – Greece called a snap election for next month on Wednesday, opening a campaign that may produce no clear result and threaten implementation of the international bailout plan that saved the nation from bankruptcy.

Prime Minister Lucas Papademos said in a televised address to the nation after meeting the president that the parliamentary election would be held on May 6.

Mar 14, 2012

Greece presses charges over alleged ’08 plot against PM

ATHENS, March 14 (Reuters) – A Greek prosecutor
pressed charges of treason and trying to destabilise the country
against unknown suspects on Wednesday over an alleged 2008 plot
to overthrow the then-conservative prime minister, Costas

Court officials said the plan was hatched to thwart efforts
by Karamanlis efforts to improve energy relations with Russia
and included overthrowing and even killing the premier. It was
not clear who was behind it.

Mar 5, 2012

Greek finance minister tells bondholders swap offer is final

ATHENS (Reuters) – Greek Finance Minister Evangelos Venizelos warned Athens’ private creditors on Monday not to hold out but take the bond swap on which a second bailout of the debt-ridden country depends because it was the best deal they would get.

Venizelos told Reuters in an interview three days before the exchange offer expires, that the terms hammered out last month after months of tortuous negotiations were favorable and Greece would not hesitate to activate laws forcing losses on bond holders who did not willingly sign up.

Mar 5, 2012

Top lenders back Greek bond swap plan

LONDON/ATHENS, March 5 (Reuters) – Major Greek
bondholders voiced their support on Monday for a deal that will
decimate the value of their holdings as their contribution to
keeping the country afloat.

The steering committee of creditors, which includes 12 major
investors in Greek bonds and was involved in drawing up last
month’s landmark deal, said it would accept the bond swap offer.

    • 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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