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Greece

Papoulias Signs the Law on Small PPC

On Friday afternoon, the President of the Hellenic Republic Karolos Papoulias signed the law concerning the privatization of 30% of the Public Power Corporation (PPC). The signing of the law cancels the intention of opposition SYRIZA party leader Alexis Tsipras to ask Papoulias' intervention...

Opposition Leaders to Meet Over "Small PPC"

Opposition parties on Thursday agreed to a proposal by main opposition Radical Left Coalition (SYRIZA) party leader Alexis Tsipras to meet on Monday over the possibility of calling for a referendum against the Public Power Corporation's (PPC) privatization. Tsipras' initiative...

'Small PPC' Draft Bill to be Tabled in Parliament on July 2

A draft bill to privatize the "small PPC" - a spinoff of the Public Power Corporation - will be tabled in Parliament on July 2, according to government sources on Monday. The decision came at a meeting at the government...

PPC Labor Union Announces Strikes Against Sale of Power Production Units

The labor union of Greece’s power utility PPC announced on Monday it will call strikes against the government’s decision to sell some of the company’s lignite plants, its president Giorgos Adamidis told the Athens-Macedonian News Agency, after a meeting...

PPC Management Meets Greek MEPs on Free CO2 Emission Certificates

Public Power Corporation's (PPC) management expressed the company's demand for free emission certificates of carbon dioxide to Greece as of 2016 at a meeting with Greek MEPs who were also briefed on the company's positions regarding the liberalization of...

PPC Announces Higher Electricity Rates

Public Power Corporation (PPC) on Monday announced electricity rate increases up to 11 percent for household customers with electricity consumption of up to 800 kW over a four-month period and rate decreases of up to 3.4 percent for small and...

Referendum Proposals for 'Small DEI' Bill

In the House’s summer session, 51 of the 100 MPs voted in favor of the creation and sale of the so-called “Small DEI,” which consists of 30 percent of the Public Power Company which has the monopoly of electrical...

PPC Unions End Strike at Midnight

Public Power Company (PPC) union GENOP decided on Sunday to end their rolling strikes at midnight. After the strike was ruled illegal by Greek courts and the government handed out papers for the requisition of their services, PPC workers...

Athens Court Rules PPC Employees' Strike is Illegal

The Administrative Court of First Instance of Athens, Greece ruled on Friday that the strike of Public Power Corporation (PPC) employees' union GENOP is illegal, also finding part of its claims abusive. The ruling comes following a motion by...

Rotating Blackouts in Greece due to PPC Union Strike

The management of Greece's state-controlled power utility Public Power Corporation (PPC) and the network transmission system operator are planning rotating blackouts in different areas starting from early on Thursday morning, when the strike action called by the PPC workers' union...

Greek Government not Worried by Troika's Dissatisfaction

Greek Prime Minister Antonis Samaras held a meeting with coalition government Vice-President Evangelos Venizelos, after the heads of the Troika expressed their dissatisfaction on the implementation of the measures agreed upon. Newly appointed Bank of Greece (BoG) governor Yiannis Stournaras was also...

Referendum Proposal Rejected in Parliament Today

A discussion in Parliament on the proposals by opposition parties for a debate on a referendum about the privatization of 30 percent of the Public Power Corporation, the so-called “Small DEI,” (small PPC) ended without their approval. The Parliament rejected...

Troika Asks for Speedier Actions

Greek Finance Minister Gikas Hardouvelis met with the troika on Thursday. During the meeting, he expressed strong displeasure over media reports on supposed government intentions to negotiate tax relief measures with the troika. This was Hardouvelis' first official meeting with...

Special Parliamentary Session on Friday Over Proposed Referenda

The Greek Parliament's Conference of Presidents decided on Thursday to hold a special session of the first Summer Recess section of the Parliament at 10 a.m. on Friday and determine whether or not a plenary Parliament session should be convened...

Democratic Left Party Loses Three MPs

Earlier today, Democratic Left (DIMAR) party leader Fotis Kouvelis informed the President of the Greek Parliament, Evangelos Meimarakis, of his decision to expel Grigoris Psarianos from the party’s parliamentary group.  DIMAR party spokesman, Andreas Papadopoulos has expressed, in a letter sent...