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Greece

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No plans to extend conscription

The government will not proceed for the time being with plans to lengthen military service, Defense Minister Panos Panayiotopoulos said.

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Course for quickfire sell-offs charted

The government will try to privatize at least one major public enterprise, probably the OPAP gaming firm.

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Piraeus Bank eyes synergies worth millions

Lender is absorbing ATEbank’s assets.

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Bill allows closure of universities to cut spending

A bill tabled in Parliament on Monday paves the way for the government to close down dozens of universities if it chooses to reduce public spending in this manner.

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Far-right MP’s attack on mayor fuels ire

Reports of an assault on Corinth Mayor Alekos Pnevmatikos by a Chrysi Avgi (Golden Dawn) MP prompted an angry reaction by political parties.

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No more concessions to Greece, says Schaeuble

No further concessions can be made to Greece, Germany’s Finance Minister Wolfgang Schaeuble said

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Italian ministers get fattest paycheck

It has become something of a trend in Europe for prime ministers to start with themselves when announcing cuts to government salaries.

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July tax inspections find over 22,000 violations

The Financial Crimes Squad (SDOE) on Thursday reported that six in 10 businesses inspected at popular tourist resorts were not issuing sales receipts.

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Leaders agree bulk of new cuts

About 10 of 11.5 bln euros in savings approved by coalition chiefs, to meet again on Monday.

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Ministry applies for open mall funding

The creation of so-called open shopping malls could be the best possible solution for the local retail sector’s current dire problems.

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