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Greece

Former ELSTAT Chief Andreas Georgiou Handed Suspended Two-Year Jail Sentence

An Athens Appeal Court has sentenced the former head of ELSTAT Andreas Georgiou to two-year imprisonment on a charge of breach of duty. The sentence is suspended for three years. The Court did not recognize any mitigating circumstances and imposed the...

Prosecutor Seeks Guilty Verdict for Former ELSTAT Chief Andreas Georgiou

The prosecutor at an Athens Appeals Court has demanded a guilty verdict for the former head of Greece’s statistical authority (ELSTAT) Andreas Georgiou on breach of duty charges. The charges relate to Georgiou's parallel employment for a few months (from...

Appeals Justices Again Acquit Former ELSTAT Chief Andreas Georgiou, Two Others

An Appeals Justices' Council on Friday again acquitted the former head of Greece's statistical authority Andreas Georgiou, as well as two other ELSTAT employees, of charges that he had artificially inflated Greece's 2009 public deficit figures. This was the...

Former ELSTAT Chief Andreas Georgiou Opposes Criminal Charges

“I don’t regret it one bit. I’d have done exactly the same again — in a heartbeat,” Andreas Georgiou, former ELSTAT chief said to the Financial Times in an interview published on Saturday, August 14. Georgiou, who has also...

Former ELSTAT Chief Georgiou Acquitted for Criminal Breach of Duty

A three-member misdemeanors court found the former head of Greece’s statistics agency ELSTAT innocent of the charge of criminal breach of duty following a marathon hearing session on Tuesday that lasted five hours. Andreas Georgiou was accused of keeping his...

Restoration Phase A of Apostle Andreas Monastery Near Completion

The monastery of Apostle Andreas, in the Turkish occupied Karpass peninsula, will be delivered to the pilgrims next month. Greek-Cypriot co-chairman of the Technical Committee on Cultural Heritage, Takis Hadzidemetriou told CNA last Monday that the first phase of the...

EU Backs Georgiou On Greek Statistics

Contradicting Greek prosecutors who want an investigation into whether Greece’s statistics agency ELSTAT manipulated numbers in 2009 to force the country to seek an international bailout, the European Commission said the agency’s head, Andreas Georgiou, gave accurate reports. The European...

ELSTAT Chief Georgiou Faces Probe

Greek prosecutors have said they want to conduct a criminal inquiry into whether Andreas Georgiou, the head of the country's statistics agency ELSTAT, and two of his subordinates to determine whether they manipulated numbers to force the country...

Katherine Kelly Lang from "The Bold and the Beautiful" in Greece For Filming

The well-known American actress Katherine Kelly Lang, who became internationally famous as ''Brooke'' on CBS' popular soap opera ''The Bold and the Beautiful,'' arrived on the shores of Corfu (Kerkyra) on Sunday to take part in the filming of a Greek...

Former Greek Statistics Chief Acquitted for Third Time

The Appeals Justices Council on Thursday issued a ruling that for the third time acquits Andreas Georgiou, the former head of Greece's statistical agency ELSTAT, in connection with the upward revision of Greece's fiscal deficit in 2009. The Council...

Case of Greece's ex-ELSTAT Chief Goes Back to Court

The case of former head of the Hellenic Statistical Authority (ELSTAT) Andreas Georgiou over misrepresentation of Greek financial data will be up for review by the Appeals Council for a third time, following a Supreme Court decision on Monday. The...

Tsakalotos: Greece Likely not to Need Precautionary Credit Line After Program Ends

Greece and its creditors believe that the country will not need a precautionary credit line after its aid program is completed in August 2018, Finance Minister Euclid Tsakalotos said on Friday after a meeting of euro zone ministers in...

Foreign Ministry Statement Blasts FT Article on Minister Kotzias' Legal Win

The Ministry of Foreign Affairs of Greece issued a statement in response to what it views as unfounded and uncorroborated claims made by journalist Kerin Hope concerning fears for the rule of law in the country stemming from a court...

IMF's Delia Velculescu to Return to Athens on Sept. 12

The head of the International Monetary Fund (IMF) mission in Greece, Delia Velculescu, is expected to return to Athens in mid-September, possibly on September 12, IMF spokesman Gerry Rice said during a press briefing on Thursday. He said the...

Moscovici-Tsakalotos See Improvement in Reforms, Discuss 'Red Phone' on Crisis Management

The need to implement quickly the prior actions attached to the unlocking of the 2.8-bilion-euro aid installment for Greece and starting the second program review was discussed in a meeting between EU Economics Commissioner Pierre Moscovici and Finance Minister...