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Athex back in September 2012 Greek banks smashed ahead of unfriendly gvernment policies. Since Monday banks have lost more than 43%. Yields in the domestic bonds deteriorate furthermore. The 3year yield reached 17%, the 5year one at 13.44 % and the 10year at 10.38%.

Lafazanis: PPC privatisation to stop immediately

Productive Reconstruction, Environment and Energy Minister Panagiotis Lafazanis, speaking to SKAI TV, announced the decision of the new government to immediately stop any privatization of Public Power Corporation (PPC) and the ADMIE.

Tsipras: We are a government of social salvation

We are a social salvation government, Prime Minister Alexis Tsipras on Wednesday said in his speech at the first cabinet meeting of his government.

EUs Katainen Firm on Greeces Debt

EU΄s Katainen Firm on Greece΄s DebtGreeces new government is unlikely to win support from other eurozone governments to cut its debt, a top European Union official said Wednesday, reiterating the blocs firm line on the countrys bailout terms following Sundays general elections.

Dijsselbloem: Europe is waiting for the new govts proposals

Dijsselbloem: Europe is waiting for the new govt΄s proposalsHe had also a phone conversation with the elected with Syriza MP, the economist Mr Varoufakis who reportedly appears as the likely candidate for the position of Minister of Finance.
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China Daily: Greece halts port sale to China

Agreed under its international bailout deal.

Schulz expected in Athens on Thursday

He will be the first foreign official to visit Athens after the installation of Tsipras as head of government.

S&P may release its rating on Greece earlier than expected

The current rating of S&P for Greece stands at B with a stable outlook.

Syrizas Challenge: an Empty Treasury

The clock is ticking for Syriza to strike a deal with creditors to keep Greece solvent and in the euro.

Spanish Government Says Syriza is Greek Phenomenon

A top Spanish government official Monday rejected comparisons between Greeces Syriza.

Coeure: ECB cannot agree to debt relief for Greece

ECB board member said in a newspaper interview published on Monday.

Greek singer Demis Roussos dies

At the age of 69 on Sunday night.
Alexis Tsipras΄s new Greek cabinet announced

Alexis Tsiprass new Greek cabinet announced

Alexis Tsipras has unveiled cabinet today. Beginning with the all important Finance Ministry. It will be headed by Athens University Professor Yanis Varoufakis. Panos Kammenos was arranged as National Defence Minister.
ECB to begin buying Greek state bonds from July‏

ECB to begin buying Greek state bonds from July‏

The European Central Bank could begin buying Greek state bonds from July, after Greece repays maturing bonds currently held by ECB, Mario Draghi told reporters. Bankers said that the July timetable was set by the ECB because the central bank currently holds a heavy portfolio in Greek state bonds.
Greek 2014 central government budget deficit dropped

Greek 2014 central government budget deficit dropped

Greek 2014 central government budget deficit dropped to EUR3.64bn from EUR5.44bn in 2013, missing, however, target deficit of EUR765m set out in 2015 budget.



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