Opposition political parties slammed Prime Minister Alexis Tsipras ahead of a critical May 8 vote on austerity measures he vowed to reject.
International bailouts to save the Greek economy – which came with punishing austerity – have been used to pay European Union banks, with only 5 percent of 220 billion euros going to state coffers to help a beleaguered society, a German study has found.
Greece isn’t just broken. It’s broke. Six years and 326 billion euros in three bailouts later, the economy is worse, with debt hovering around 175 percent of GDP.
Eurozone finance ministers will convene in Brussels on May 9 to confer on economic reforms, a meeting that could decide Greece’s fate.
Trying to rebuild a battered party, New Democracy leader Kyriakos Mitsotakis has proposed radical changes to make it more transparent.
The To Potami centrist party has lost former New Democracy minister Haris Theoharis, who quit but will stay in Parliament as an Independent.
Parliament has approved a government’s proposal for a committee of MPs to investigate the granting of loans to political parties and the media.
Under new leader Kyriakos Mitsotakis, the New Democracy Conservatives are pulling away fast from the ruling Radical Left SYRIZA in a survey.
Greek banks now hold more than 83 billion euros ($97.95 billion) in bad loans as international lenders are pressing for homes to be confiscated.
Greek Defense Minister Panos “Fickle” Kammenos likes living large but is a man of his oft-broken word.