Greek Presidential Election
Greece
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...
Greece
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...
Greece
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...
Economy
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...
Greece
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...
Greece
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...
Economy
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...
Economy
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...
Economy
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...
Economy
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...