The Greek government said Thursday that it had signed a deal to sell a majority stake in the port at Thessaloniki, part of the asset sales it agreed to as part of a huge international bailout.
The state privatisation agency said the 67 percent stake was sold for 232 million euros ($275 million) to a consortium of Greek, French, GermanRead more
The Greek government has come under fire over a planned arms sale to Saudi Arabia that fell through amid accusations of incompetence against the defence minister, a key ally of Prime Minister Alexis Tsipras.
Opposition lawmakers say the botched deal for surplus military stock cost Greece 66 million euros ($78 million), while ruling party officials have questioned the sale ofRead more
There is no need for alarm over Greece’s debt levels, a spokesman for the EU’s rescue fund body told AFP Saturday, the day after a leaked International Monetary Fund (IMF) report described the problem as “explosive.”
“We see no reason for an alarmist assessment of Greece’s debt situation,” said the spokesman for the Luxembourg-based European Stability Mechanism (ESM).
“We believeRead more