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New Democracy

Venizelos Squeezed To Oust Papandreou

PASOK Socialist leader Evangelos Venizelos has reportedly been urged by party members to eject former Prime Minister George Papandreou, the man he replaced, for alleged financial mismanagement over 114 million euros ($149.2 million) in funds reportedly missing from party...

Eurogroup OK's 2.8B Euros For Greece

Satisfied with passage of a multi-faceted bill that will lead to the removal of 15,000 public workers over the next two years, the Eurogroup of Eurozone finance officials on April 29 approved the release of a 2.8 billion euros...

Four Cleared in Zachopoulos Sex Video

Six years after a so-called Sex, Lies and Videotape scandal rocked the government of then Prime Minister Costas Karamanlis, four people have been acquitted of charges they violated the privacy of former Culture Ministry general secretary Christos Zachopoulos. An appeals...

Greek Parliament OK's Multi-Bill With Firings

By a vote of 168-123 on April 28 just before midnight, the Greek Parliament - as expected - easily approved another set of reforms demanded by international lenders in return for continuing bailouts, including the firing of 15,000 public...

Greeks Unpaid Taxes Soar $1.04 Billion

The onslaught of continuing big tax hikes in Greece has backfired again with the Finance Ministry reporting overdue payments from citizens jumped 800 million euros ($1.04 billion) in March, bringing the total outstanding to more than 2.17 billion euros...

Out On Bail, Papantoniou Glad For Euro

Yannos Papantoniou, a former Greek finance minister who propelled the country into the euro 11 years ago - and who is now being investigated over a secret Swiss bank account - said he's not sorry Greece switched to a...

SYRIZA Takes Lead Again Over ND

The roller-coaster surveys that show the ruling New Democracy (ND) Conservatives and major opposition party Coalition of the Radical Left (SYRIZA) taking turns in first place have switched again to the Leftists. A VPRC opinion poll gives SYRIZA a 2.5...

Kouvelis Sees Lower Restaurant VAT

While Greek Prime Minister Antonis Samaras reportedly nixed a lower Value Added Tax (VAT,) now at 23 percent, for restaurants, one of his coalition partners, Democratic Left (DIMAR) chief Fotis Kouvelis, said it's going to happen anyway, and is...

Greek Problem Workers Safe From Firing

Greek Prime Minister Antonis Samaras has withdrawn his plan to get rid of deadwood problem workers to help meet international lender requirements to pare the workforce by 25,000 people in the next two years after objections from his coalition...

Samaras Says Economy On Road Back

Presenting a unified front with his PASOK Socialist partner Evangelos Venizelos at a project resuming work on a major highway, Greek Prime Minsiter Antonis Samaras said the country’s battered economy is already recovering, despite evidence it is not. During a...