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Greece

Billion euro hole found in jeweller Folli's 2017 sales

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ATHENS Greece's Folli Follie overstated its 2017 revenue by more than 1 billion euros (£903.25 million), an audit by PwC showed on Tuesday, as the jeweller reported a rescue plan proposed by bondholders had collapsed.

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Conservative leader Mitsotakis becomes Greek PM, picks cabinet 08 Jul 2019

ATHENS Conservative politician Kyriakos Mitsotakis took office as Greece's new prime minister and named his cabinet on Monday, after storming to victory on a pledge to create jobs and lure investment to the economically stricken nation. | Video

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Golden Dawn loses its lustre as Greeks reject militant far-right 08 Jul 2019

ATHENS The far-right Golden Dawn party has failed to win a single seat in Greece's new parliament, an outcome political analysts said reflects a slow improvement in the country's fortunes after years of wrenching economic crisis.

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Greek Conservatives take charge in landslide win, vow more investment, fewer taxes 08 Jul 2019

ATHENS Greece's opposition conservatives returned to power with a landslide victory in snap elections on Sunday, and Prime Minister elect Kyriakos Mitsotakis said he had a clear mandate for change, pledging more investments and fewer taxes. | Video

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Daily Briefing: New PM for Greece as Tsipras punished for austerity 08 Jul 2019

LONDON Early results out of Athens suggest conservative Kyriakos Mitsotakis will be Greece's next prime minister, ousting Alexis Tsipras after four years which saw him accept and ultimately face punishment for a painful EU-enforced austerity programme.

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Daily Briefing: End of Tsipras era beckons in Athens 05 Jul 2019

LONDON Greek Prime Minister Alexis Tsipras holds his final campaign rally today ahead of Sunday's election but barring a surprise, his days in power look to be over.

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Unlikely Greek election candidate touts jobs and miracle cures 02 Jul 2019

ATHENS Part-time TV presenter, miracle cure salesman and budding politician Kyriakos Velopoulos wants to build a wall to keep migrants out of Greece. Lace it with mines, he says. He would also call a referendum on the death penalty for drug dealers and paedophiles.

Public Power Corp's first-quarter net loss widens on CO2 costs 28 Jun 2019

ATHENS Greece's biggest electricity utility Public Power Corp. (PPC) posted a wider loss on Friday for the first quarter, as higher costs for carbon emission rights and the sale of power to alternative producers at below-cost prices were hurting profit.

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The best first half for financial markets ever 28 Jun 2019

LONDON What a six months for financial markets. Global equities have piled on $8 trillion (6 trillion pounds), bonds are on fire, oil prices have surged by almost a quarter and a Greek bank is one of the world's best performing stocks.

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Greece licenses Exxon, Total to explore untapped waters off Crete 27 Jun 2019

ATHENS Greece on Thursday awarded licences to ExxonMobil and Total to search for hydrocarbons off the island of Crete, marking the country's first major foray into an oil and gas search in the region.