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Finance Ministry

Greek State Debt to Individuals Rises to €5.1 Billion

The debts of the Greek State to suppliers, service providers, security funds and individuals continue to mount and they have reached 5.1 billion euros, according to the finance ministry. The budget implementation figures given by the ministry show a debt...

Former Greek Foreign Minister Reacts to Interim Govt's Handling of Debt with UN

Former foreign minister Nikos Kotzias expressed his dissatisfaction over the abstention of Greek interim government from the United Nations critical resolution on the restructuring of debt of debt-ridden countries. Kotzias said that the caretaker government has far exceeded its powers....

Greek Finance Ministry to Loosen Up Capital Controls

The Greek finance ministry will add some new measures regarding capital flow that would loosen up certain restrictions that apply now. In order to give initiatives to Greeks to return to the banks the money they keep hidden, the finance...

Greek Finance Ministry Finally Imposes 23% VAT on Private Schools

Despite announcements about freezing value added tax on private education, Greece's finance ministry decided to impose the 23 percent VAT late on Monday. The 23 percent VAT on private education was legislated on August 14 as part of the measures...

Greek Banks Will Not Open on Monday After All

"The Finance Ministry and the Bank of Greece examine all possibilities and technical details so that banks can open as soon as possible," says a finance ministry announcement, thereby negating previous reports that Greek banks will open on Monday. Only...

Euclid Tsakalotos Takes Over Greek Finance Ministry

The Greek Finance Ministry had a change in leadership on Monday after Yanis Varoufakis resigned from his post and Euclid Tsakalotos was officially inaugurated as the new Finance Minister. The two men held a joint press conference in which Varoufakis made...

Rehired Cleaners Celebrate With Greek Cabinet Members

The decision to rehire the finance ministry cleaners was celebrated today with several cabinet members and other state officials who joined the cleaners offering sweets and praising their struggle. There was a party on Monday morning on Karagiorgi Servias street...

Greek Gov't Tables New Omnibus Bill to Expedite Negotiations

The new omnibus bill presented by the Greek ministry of finance will be tabled in parliament on Thursday in order to expedite negotiations with creditors and reach an intermediate deal. The new bill includes several measures and reforms such as...

WSJ: Varoufakis Will Visit the White House for Ouzo

The scheduled trip of Greek Finance Minister Yanis Varoufakis to the United States and his alleged meeting with President Barack Obama has prompted Wall Street Journal international finance writer Ian Talley to comment satirically that the Greek official is going to...

Greece's Creditors Insist on Austerity Measures

The Greek government is preparing a new list of measures to appease creditors in order to unlock financial aid in the April 24th Eurogroup. Greece's creditors insist on several austere measures such as raises in value added tax, cuts in supplementary...