Prosecutors investigating claims by Panayiotis Roumeliotis, Greece’s ex-envoy to the International Monetary Fund, that it had been clear from the start that the country’s bailout was bound to fail, on Wednesday sent the case to the Supreme Court, pending a parliamentary investigation, after it emerged that prominent political figures may be implicated.
The prosecutors, Grigoris Peponis and Panayiotis Mouzakitis, have heard the testimony of Roumeliotis -- who reportedly backed up his claims by submitting written documents -- as well as of former PASOK ministers Louka Katseli and her husband Gerasimos Arsenis. They had been due to summon another ex-minister, Vasso Papandreou, but this was called off. On Tuesday, Arsenis reportedly revealed to prosecutors that Roumeliotis had expressed reservations about the viability of the bailout program to him in private.
In a related development, left-wing opposition SYRIZA called for a parliamentary committee to be set up to investigate the circumstances around Greece’s first bailout appeal.
The Development Ministry announced on Friday that a large number of small and medium-sized enterprises have expressed interest in the European Union-funded program for their support.
A total...
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AEK Athens said on Tuesday it was preparing to declare bankruptcy and seek relegation to the third division.
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Since May 2010, when the troika’s adjustment program came into effect, there have been 20 general strikes in Greece. In Ireland, which has also been forced to apply harsh austerity, there ha...
There are several useful conclusions to be drawn from the fiasco that was the secondary school teachers’ strike.
The leadership of the union representing secondary school teachers, OLME, was...
