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Greece

Greece's General Accounting Office Delays Payment of State Debts to Private Sector

Greece's General Accounting Office has failed to repay outstanding debts to the private sector on time, a prerequisite for the disbursement of the bailout loan subtranche of 800 million euros. According to a Kathimerini newspaper report, the funds have been...

General Accounting Office of Greece Gets Hacked

Greek authorities and the electronic crime unit are vigilant of new cyber attacks after local supporters of the hacking group “Anonymous” have managed to break into the software and databases of the General Accounting Office of the country and...

General Accounting Office staff begin four-day strike

Staff at Greece's General Accounting Office have announced a four-day strike beginning on Tuesday, in opposition to the removal of authority over certain functions from GAO services and cuts to their fund finances. A meeting with Deputy Finance Minister...

Police Stage Occupation of SYRIZA Offices Ahead of Govt Pension Reform

15 uniformed officials, mainly police officers belonging to the Hellenic Federation of the Police (POASY) and unionists from the Greek Coast Guard and Fire Brigade, gathered at the central offices of the ruling Radical Left Coalition (SYRIZA) party in...

Greek Workers Protest Firings; Officers Await Back Pay

It hasn't worked yet, but Greek workers were to take to the streets on June 30 in another of hundreds of protests over austerity measures over the last four years, at the same time the government is moving to...

Shooting At Greek Golden Dawn Office, Two Dead

Greek police said that two people were killed in a shooting at the Neo Iraklion office of the neo-Nazi Golden Dawn party in Athens on Nov. 1. Georgios Fountoulis 26, and Manolis Kapelonis 23, were shot dead when two people...

Greece Enables Non-EU Entrepreneurs to Come and Do Business in the Country

An amendment facilitating the entrance of foreign, non-EU nationals who are entrepreneurs to Greece was brought before the Greek Parliament on Tuesday. The amendment, which is attached to the Foreign Ministry's draft legislation entitled "Regulations for the United Kingdom's withdrawal...

2019 Greek Primary Surplus Exceeds Target By Several Billion Euros

The Greek state budget recorded a primary surplus of 5.755 billion euros in the period from January-October, significantly exceeding budget targets for a surplus of 2.314 billion euros in the same period, the country's General Accounting Office said in...

Creditors Begin the First Post-Bailout Audits in Greece

Representatives of Greece's international creditors -- the European Union and the International Monetary Fund -- arrived in Athens on Monday for the scheduled audits of the Greek economy in the post-bailout era. The technical teams of the European Commission, the...

Greek State Debt Rises to €345.3 Billion in June

Greece's central government debt reached €345.3 billion at the end of June, up from €343.7 billion three months earlier, according to data published by the General Accounting Office on Friday. The state's cash reserves stood at €13.08 billion, up from...

Tzanakopoulos: Mitsotakis Presented Mix of Far Right Rhetoric and Neoliberalism

New Democracy leader Kyriakos Mitsotakis presented a mix of far right rhetoric and neoliberalism in his speech at the 82nd Thessaloniki International Fair (TIF), which will lead to a new bailout program, government spokesman Dimitris Tzanakopoulos said on Saturday...

Greek Government Arrears Piling Up

An increase of nearly 70 million euros was recorded in the government's arrears to individuals in June, with debts amounting to 5,134 billion, from 5,067 billion in May. According to State General Accounting Office figures, 3,579 billion account for overdue...

Uniformed Workers Take to Streets in Protest of Pay Cuts

Thousands of police officers, port workers and firefighters took to the streets holding black balloons in their hands in protest of cuts in the special wages for those in uniform, as well as for the reductions that hide the...

Greeks Called Upon to Pay €4.5 Bln in New Austerity Measures

Greek taxpayers and pensioners are called upon to pay over 4.5 billion euros after the reduction of the tax-free income and pension cuts in order for the government to close bailout program review. Specifically, the lowering of the tax-free threshold...

Tsipras-Mitsotakis Battle it out in Greek Parliament Over Controversial Bill

Prime Minister Alexis Tsipras and main opposition leader Kyriakos Mitsotakis exchanged harsh words in Greek Parliament on Friday over a controversial bill exempting a certain businessman of fines. The bill amendment appeared in the House at the last minute on...