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PASOK

IMF Says No Greek Debt Restructure

On the heels of issuing a report praising Greece's progress in reforms but criticizing its failure to go after tax cheats, the International Monetary Fund (IMF), one of Greece's international lenders, does not expect a restructuring of the Greek...

PASOK Audit Shows Dire Financial Problems

The once high-and-might PASOK Socialists will hear the result of an audit on May 9 of its deep financial difficulties that has forced a return to its previous headquarters because it can't pay the rent on more luxurious surroundings...

Tsochatzopoulos Faces Civil Charges Too

Former Greek defense minister Akis Tsochatzopoulos, on trial with 18 others for corruption charges including money laundering in an alleged scheme to steal hundreds of millions of euros from defense contracts, will have a civil suit filed against him...

IMF Says Greek Elite Still Protected

After an International Monetary Fund (IMF) report found that Greece was making progress in overhauling its public finances and competitiveness, the government was left to explain why there's been little change in public administration and the failure to go...

Kouvelis Sees Cabinet Shake In July

Despite repeated denials from Prime Minister Antonis Samaras that he is not going to make changes in his Cabinet, there will be a reshuffling and replacement of some ministers in July, one of his coalition partners, Democratic Left (DIMAR)...

Dendias Says Golden Dawn Could Be Banned

After the European Union’s human rights chief said that there’s enough evidence of violence being perpetrated by the neo-Nazi Golden Dawn party that has 18 seats in Parliament to outlaw the group, Public Order Minister Nikos Dendias said the...

Greek Lifetime Job Guarantee In Peril

With the coming firing of 15,000 workers, it seemed that Greece was finally going to bend to demands from international lenders to reduce its bloated public workforce – except that it’s going to hire 15,000 younger workers to replace...

NBG OK's Bank Recapitalization Plan

The National Bank of Greece (NBG) has approved has approved a recapitalization plan worth 9.76 billion euros ($12.8 billion), insisting it will raise enough money privately to avoid nationalization after Eurobank failed to do so. Greece's banks were brought...

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...

Piraeus Lawyers VP Resvanis Kills Self

The Vice-President of the Piraeus Lawyers Association Constantinos Resvanis jumped to his death from the fifth floor of his office building on April 30, officials said, adding that he was facing severe financial problems and had attempted suicide in...