Greece News

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The Rise of Euro-Putinism

There aren't many certainties in politics, but here's one: Vladimir Putin will be re-elected to a fourth presidential term in Sunday's sham ballot. The larger question is what other elections can Putin win in the coming years. He's on a roll. The big winners in Italy's election this month - the anti

NEW YORK TIMES - 2018-03-17 01:08:21

Greece gets no bids for minority stake in OTE Telecom

March 16, 2018 / 3:39 PM / Updated an hour ago ATHENS, March 16 (Reuters) - Greece did not receive any bids for the sale of a minority stake in its biggest telecoms operator OTE and has invited Deutsche Telekom to exercise its right of first refusal to buy the shares, the Greek privatisations agency

REUTERS - 2018-03-16 15:39:02

Ten companies vie to supply pipes for Bulgaria-Greece gas pipeline

SOFIA (Reuters) - Ten companies have expressed an interest to bid in a 60 million euros ($74 million) tender to supply pipes for a 185-km (115 miles) gas pipeline between Greece and Bulgaria (IGB), the Bulgarian energy ministry said on Friday. ICGB, a joint venture for the 240 million euros pipelin

REUTERS - 2018-03-16 15:03:32

Greek court rejects Turkey's request for extradition of eight soldiers

ATHENS (Reuters) - A Greek appeals court on Friday rejected a Turkish demand for the handover of eight Turkish soldiers accused by Ankara of having played a direct role in the abortive coup against President Tayyip Erdogan in 2016. Two of the eight Turkish soldiers, who fled to Greece in a helicopt

REUTERS - 2018-03-16 10:49:57

UPDATE 1-Greece's Energean lists in London, raises $500 mln for Israeli gas project

* Company valued at nearly $1 billion * Shares up 0.4 pct after opening of trade (Recasts, adds details, quotes) By Ron Bousso and Shadia Nasralla LONDON, March 16 (Reuters) - Greece's Energean Oil & Gas listed on the London Stock Exchange on Friday, raising nearly $500 million to develop two Isr

REUTERS - 2018-03-16 09:37:08

Greece's Energean IPO to raise $500 mln for Israeli gas project

LONDON, March 16 (Reuters) - Greece's Energean Oil & Gas plans to raise about $500 million to develop its Israeli offshore fields through an initial public offering (IPO) in London, it said on Friday. The firm will offer 72.6 million new shares at 4.55 pounds ($6.35) per share, in the first flotati

REUTERS - 2018-03-16 09:16:16

PAOK owner who stormed pitch with gun ordered to testify

The Russian oligarch and football club proprietor who stunned spectators when he stormed on to the pitch carrying a gun during a match in Greece has been ordered to appear to before a public prosecutor on Friday after criminal charges were brought against him. Ivan Savvidis attempted to confront the

THE GUARDIAN - 2018-03-16 05:00:01

11 arrested in Greece on migrant smuggling charges

THESSALONIKI, Greece - Greek police say they have arrested 11 people on suspicion of running a smuggling ring transporting hundreds of refugees and migrants from the Greek-Turkish land border to the cities of Athens and Thessaloniki over the past year. Police said Thursday the suspects - Armenians,

FOXNEWS - 2018-03-15 14:47:36

Greece can do more to weed out corruption, watchdog agency says

ATHENS (Reuters) - Greece should tighten the rules of conduct for its legislators and judiciary to prevent corruption, a senior official in the Council of Europe's anti-corruption agency said in an interview. Graft has long been considered a cause of economic malaise in Greece, which has required t

REUTERS - 2018-03-15 12:21:38

Puerto Rico Could Cut Spending to the Bone-and Still Never Recover

Puerto Rico's hard times are about to get harder. Almost six months after Hurricane Maria, Governor Ricardo Rossello is proposing what, for many, might seem unthinkable after a decade of recession: austerity. Ricardo Rossello His plan to consolidate government departments and reduce municipal and un

BLOOMBERG - 2018-03-15 12:00:00

Greece's jobless rate jumps to 21.2 pct in fourth quarter

ATHENS, March 15 (Reuters) - Greece's jobless rate rose by a full percentage point to 21.2 percent in October-to-December from 20.2 percent in the third quarter, data from the country's statistics service ELSTAT showed on Thursday. About 71.8 percent of Greece's 1.006 million jobless are long-term

REUTERS - 2018-03-15 10:10:39

Clashes break out in Greece over foreclosures

ATHENS, Greece - Five people were detained Wednesday during clashes between riot police and protesters attempting to disrupt a central Athens auction of foreclosed properties. Left-wing activists have stepped up protests in recent weeks against online auctions as the government remains under pressur


Greek soccer faces FIFA expulsion because of violence

ATHENS, Greece (AP) - Greece could be expelled from international soccer competitions because of widespread violence, a FIFA representative said Wednesday. Herbert Huebel said a series of incidents, culminating with a gun-toting club owner running onto the field to protest a disallowed goal, are "un


Gun-carrying PAOK boss faces disciplinary charges as FIFA arrives

ATHENS (Reuters) - PAOK Salonika president Ivan Savvides on Wednesday faced disciplinary charges that could lead to a lengthy stadium ban and a points deduction for his team, after he stormed onto the pitch with what appeared to be a handgun on his waist. FILE PHOTO - Russian-born Greek businessman


Greece Is Quietly Backsliding on Reform

Greece's planned August exit from its third European Stability Mechanism bailout has triggered investor optimism. Its July 2017 bond issuance, the first in three years, was oversubscribed, as were subsequent issuances in February of this year. And yet financial investors should curb their optimism.


Greek prosecutor to probe armed PAOK soccer club owner

In this photo taken on Sunday, March 11, 2018, PAOK owner, businessman Ivan Savvidis, center, escorted by his bodyguards leaves the pitch during a Greek League soccer match between PAOK and AEK Athens in the northern Greek city of Thessaloniki. A disputed goal at the end of the Greek league match le


Euro zone to unlock new loans to Greece, working on debt relief

Eurozone creditors are expected to pay out a 5.7B loan later in March to help Greece underpin its economic recovery. Greece's 86B bailout program, its third since 2010, is due to end in August and international lenders are debating how to ensure the country makes its exit on a sustainable footing. G


Greek soccer League says suspension of matches a 'grave danger' to clubs

ATHENS (Reuters) - Greece's top division on Tuesday opposed the suspension of all Superleague soccer fixtures over crowd trouble, saying it threatened the clubs' very existence. Russian-born Greek businessman and owner of PAOK Salonika, Ivan Savvides (C), pictured with what appears to be a gun in a


Despite suspension, Greece struggling to tame soccer bosses

PAOK owner, businessman Ivan Savvidis, second from left, approaches AEK Athens' Manager Operation Department Vassilis Dimitriadis, center, as his bodyguard and PAOK's players Fernando Varela, second from right, and Djalma Campos, right, try to stop him during a Greek League soccer match between PAOK


Owner of Greek soccer team apologizes after running onto field with gun to protest goal

PAOK owner, businessman Ivan Savvidis invades into the pitch during a Greek League soccer match between PAOK and AEK Athens in the northern Greek city of Thessaloniki, Sunday, March 11, 2018. Savvidis came on the field twice and was accompanied by bodyguards. On the second occasion, without the ove