Greece
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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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Council of State rules for longer pharmacy hours
A decision by the Council of State has opened the door to extending pharmacy opening hours, a change that has been vehemently opposed by professionals in the sector.
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Coalition chiefs to meet to finalize 11.5 bn in cuts
The leaders of the three parties that form Greece’s coalition government face the unhappy task of approving 11.5 billion euros in spending cuts over the next two years.
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Troika to return to Athens in September
Troika officials, who continued their inspection in Athens, will return to Greece in September to complete their review, a European Commission spokesman.
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PM rules out bailout changes for now
Greek PM Antonis Samaras made it clear to his party’s MPs that the government has no intention of attempting to renegotiate Greece’s bailout terms at the moment.
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Gov’t aims for 6.5 billion in taxes
Finance Ministry planning to allow taxpayers to settle dues in as many as 10 monthly instalments.
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State firms cut salary spending in half
While the government is examining the application of a unified salary scheme for state corporations, the effort to contain salary costs is already bearing fruit.
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Bookings rise feeds tourism optimism
After it seemed that Greece had fallen out of favor with Northern European tourists, they appear to have been reconsidering the country as a holiday destination.
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Gov’t risks Greek euro exit, says Tsipras
SYRIZA leader Alexis Tsipras urged the government to reject the austerity measures being demanded by its troika of lenders as they would ensure Greece’s exit from the eurozone.