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Budget Deficit May Exceed 10.5%

Hellenic Statistical Authority (ELSTAT) may report that budget deficit in 2010 exceeded 10.5% of Gross Domestic Product, according to unconfirmed sources, while Ministry of...

Government To Publish A List of “Undisciplined” Entities

Greek government plans to deal with public enterprises that do not send financial reports, by publishing a list of them. The Finance Ministry faces multiple...

Mount Athos Monks Resist Paying Taxes

Monks from the 1 000-year-old autonomous monastic community of Mount Athos on defied the cash-strapped Greek government by refusing to pay property taxes on...

Internal Divergence May Push 2010 Deficit Up

Divergence between the Greek statistics agency and the Finance Ministry regarding the deficit for 2010 may bring new revenue measures. Greek government should send a...

Spring Cleaning Week Ahead Of Troika Arrival

The scheduled arrival of IMF/EU/ECB officials next week intensifies pressure on Greek government regarding the finalization of additional €22bn budgetary measures and €50 privatization...

Government’s Unpaid Bills Reach 5.3 Billion Euros

The Greek government owed 5.35 billion euros to private companies and residents at the end of last year, daily Kathimerini reports today, quoting Finance...

Greece Toughens Laws Punishing Corrupt Tax Officials to Try and Fight Tax Evasion

Greece toughened the laws ahead of a euro zone summit expected to press Athens to step up reforms Shortfalls in tax collection are a key...

Greece’s top tax collecting official resigns

Greece's top tax official resigned on Wednesday two days after Moody's slashed the country's credit rating, citing shortfalls in tax collection. A government spokesman said...

Research Mission Launched to Extract Alexander the Great’s Gold

The Ministry of Environment will carry out a special research mission in the...

Market Shocked at National Bank & Alpha Bank Rejected Deal

The market is shocked after the deal between the National Bank and Alpha Bank went sour.  The Greek government was hoping for a positive climate...

Greece Confident On Fourth EU/IMF Aid Tranche

A government official said that Greece is confident it has made enough progress on implementing its consolidation programme in order to achieve the release...

“Greece not in Talks to Extend Repayment of its Entire Debt”

A Finance Ministry official noted on Tuesday that Greece is not in talks to lengthen the repayment of its entire outstanding debt, according to...

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