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Greece

News

Stournaras seeks German approval

Finance Minister to face Schaeuble as government wrestles with austerity package.

News

Smuggled cigarettes take up 15 pct of market

The sale of contraband cigarettes in Greece has grown considerably, estimated at some 3.5 billion euros per year for 2010 and 2011.

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Thousands lost wages in 2011

Some 400,000 employees were not paid at least three months’ worth of wages last year, according to a former official of the state Labor Inspectorate.

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Samaras visits Omonia as Xenios Zeus continues

The Greek PM visited the run-down area of Omonia in central Athens as police continued with a crackdown on crime and arrests of undocumented immigrants.

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Trading in Postbank shares suspended

The Athens Stock Exchange suspended trading in shares of state-controlled lender Hellenic Postbank following a nearly 30 per cent plunge in its shares.

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Athens, Nicosia, Tel Aviv promote energy cooperation

The governments of Greece, Cyprus and Israel will begin discussions in September about the exporting of natural gas quantities to western European countries.

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State of emergency in Rhodes over fires

A state of emergency has been declared on Rhodes after an extensive wildfire broke out in the forested region between Agios Silas and the Petaloudes valley.

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Child porn videos retrieved

According to the electronic crime squad working on the case the video recordings were made in classrooms and show teenagers speaking Greek.

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Armed bank robber snatches cash in Anixi

An armed robber made off with an undisclosed amount of cash from a bank in Anixi, a rural area north of Athens, after shooting through the window of the bank.

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Leaders’ meeting on measures inconclusive

Prime Minister Antonis Samaras met with his coalition partners for talks on a package of some 11.5 billion euros in austerity measures for 2013 and 2014.

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