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Greece

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Tax evasion crackdown

The Financial Crimes Squad (SDOE) will be stepping up checks on cars with foreign license plates.

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More cuts for civil servants considered

Further substantial cuts to civil servants’ salaries could be required when the government draws up its unified pay structure for the public sector.

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New moves on unemployment

The government announced this week that it is preparing a new program to contain unemployment, as the numbers of jobless continued to rise in July.

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Greek bailout fund assists bank share buyback

The fund set up to recapitalise Greek lenders in case of need can inject capital by buying common shares issued by the banks.

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Secret media fund to be scrapped

A law that has existed since military dictators ruled Greece and which allows a government department responsible for media relations to use up to 600,000 euros of public money eac

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Greek clothing sector nosediving

After nearly a decade of contraction, the clothes manufacturing sector in Greece is still showing no signs of recovery.

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Draft bill on higher education passed in principle

Appeals by the main opposition New Democracy party for consensus, combined with a proposal for a roll-call vote requested by the Popular Orthodox Rally (Laos) party, and compromise

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PM’s ally resigns in protest

Prime Minister George Papandreou was dealt a blow on Thursday when Deputy Regional Development Minister Haris Paboukis, who has been a close political associate of the premier’s fo

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Finnish headache for eurozone

Market worries about the July deal are increasing, with Schaeuble ruling out collateral.

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Entrepreneurship being led by the young

The number of new companies set up in May and June showed significant growth, especially those set up by young people.

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