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Greek Presidential Election

Productive Reconstruction Minister Lafazanis: Eurogroup Agreement Should Not Void the Gov't Program

Productive Reconstruction, Environment and Energy Minister, Panagiotis Lafazanis, in two interviews with Greek Sunday newspapers Proto Thema and Realnews, expressed his opinion that the agreement reached on Friday's Eurogroup between the Greek government and the country's Eurozone partners should...

First Greek Presidential Ballot Results Elect Prokopis Pavlopoulos

With a positive result on the election of a new Greek President concluded the first round of voting by the Greek Parliament a few minutes earlier. Prokopis Pavlopoulos, the candidate nominated by the ruling SYRIZA party and Prime Minister Alexis...

To Potami Opposes Pavlopoulos Candidacy and Nominates Nicos Alivizatos for the Greek Presidency

Greek opposition party To Potami in a statement issued by its leader, Stavros Theodorakis, has expressed its disagreement with SYRIZA’s nomination of former New Democracy Minister Prokopis Pavlopoulos for the Presidency of the Republic. Mr. Theodorakis stated, his party...

Bank Deposits in Greece Reach Two-Year Low in December

A new two-year low reached bank deposits in Greece in December, as Greeks withdrew some 4.6 billion euros in a period stigmatized by political uncertainty due to the unsuccessful election of a new President of the Hellenic Republic and...

EU Commissioner Avramopoulos Govt Candidate for the Greek Presidency?

The European Commissioner for Immigration, Citizenship and Internal Affairs, and New Democracy (ND) member, Dimitris Avramopoulos, is rumored to be the SYRIZA-led coalition government nominee for the upcoming Presidential election in Greece. According to Greek newspaper "To Vima," the first...

Seven Billion Euros Transferred Outside of Greece Since Elections Announcement

Some seven billion euros have been transferred out of Greek banks since late December, when the Parliament failed to elect a new President of the Hellenic Republic and snap general elections were announced, according to banking sources. The pressure...

Greek FinMin: Greek Govt Surplus Falls Short

The Greek government's projections regarding the budget surplus for 2014 fell far short, the country's Finance Ministry announced earlier today, citing lower tax revenue and a stalled bailout review that prevented the disbursement of funds, according to Reuters. As the...

Greek SYRIZA Party Leader: Markets Won't Be Rooting for Us

Greek main opposition party, SYRIZA, leader, Alexis Tsipras, does not appear "frightened" by possible turmoil in the market should his party win the upcoming snap general elections of January 25, as Bloomberg reports. As he stated in his book “Alexis...

Euro Sinks Near 30-Month Low Due to Political Developments in Greece

The Eurozone currency hovers near a 30-month low against the US Dollar today due to the uncertainty spread in the union by the developments in the Greek political scene. The Greek Parliament yesterday failed for a third consecutive ballot...

IMF Suspends Greece's Funding, Talks to Resume After Snap Elections

The decision of the International Monetary Fund (IMF) to suspend the provision of financial assistance to Greece until a new government is formed, after the general elections of January 25, was revealed by the Fund's Director of the Communications...