Staikouras

The Greek Ministry of Finance announced today that the State Treasury has approved a 51.5 million euro fund packaged to cover the increased heating oil needs of hospitals and schools. The Deputy Minister of Finances, Christos Staikouras, noted that 37.5...

The State’s General Accounting Office has paid 4.3 billion euros in overdue bills but still owes 1.4 billion euros to individuals, with some businesses complaining the lag in reimbursements for Value Added Tax (VAT) overcharges and other monies the...

The Deputy Minister of Finance, Christos Staikouras made an announcement on September 4 regarding the repayment of the outstanding debts equal to 4.3 billion euros by the state. Bureaucracy has slowed the repayment of debts to individuals, as the Ministry...

Despite repeated investigations into fraudulent pensions, Greece is still paying 2,260 dead people, more than six months after the benefits were supposed to have been stopped, said Allternate Finance Minister Christos Staikouras. A census by the Finance Ministry said that...

With the government for a glimmer of a glimpse of a hope for the start of a recovery next year, the Greek economy shrank by 4.6 percent of Gross Domestic Product (GDP) in the second quarter of the year...

German Finance Minister Wolfgang Schaeuble met in Athens with Greek Prime Minister Antonis Samaras for only 40 minutes - 10 minutes longer than scheduled - on July 18 although the city center was shut down all day and all...

With expected tax revenues far off expectations because of the effect of austerity measures, Greek taxpayers are being pushed to come up with 7 billion euros ($9.13 billion) in tax payments due this year at the same time the...

Just as Greece seemed to be heading toward getting back on its feet financially, the country's primary deficit grew in the wake of an attempt to regain credibility and pay back bills - a target that fell far short...

Since the beginning of Greece's economic crisis in 2010, when then-prime minister George Papandreou asked for international bailouts after promising he wouldn't, more than 40,000 civil servants have retired, with the government payroll falling by 4.8 billion euros ($6.21...

Still paying out unknown amounts in pensions to fraudulent claimants and even to the dead whose families haven't reported the deaths, Greece has recovered 13.6 million euros ($17.6 million) in false pension claims, government officials said, and that there...