Zervos
Economy
Electric Bills Up 9%, Government Agencies Won't Pay
Electricity bills for most Greek consumers will go up 9 percent retroactively to Jan. 1, while a 100 percent property tax surcharge is still being tacked on to utility bills under the threat of power being disconnected, although state...
Economy
Greece Cuts Power for Unpaid Bills
With winter rapidly approaching, Greece’s Public Power Corporation is cutting off the power to 30,000 customers a month who can’t pay rising bills as their pay has been cut, taxes hiked and pensions slashed – but is mostly sparing...
Economy
Bill Clinton Heads to Greece this Weekend to Promote "The Hellenic Initiative"
ATHENS – Former U.S. President Bill Clinton will be in Greece this weekend to promote "The Hellenic Initiative," an initiative organized by Greeks of the Diaspora that aims to help Greece overcome the current crisis. The program aims to...
Economy
Greek Electric, Gas Utilities Ask Banks for a Bailout Too
ATHENS – Short on cash and unable to pay its providers, Greece’s state-owned gas provider DEPA, supplied primarily by Russia’s Gazprom, has asked domestic banks for a loan needed to keep the power running, including to the country’s electricity...