A 39-year-old man believed to owe nearly 5 million euros to the state was arrested Thursday in the town of Platy in Imathia prefecture, as part of an ongoing police crackdown on tax evasion. The unnamed man has received a suspended four-year jail term for owing 4.3 million euros in tax arrears and is believed to have accrued another 440,000 euros in tax debts since then. In a related development, the 52-year-old owner of a clothing chain with a 765,000-euro tax bill was cleared of offenses by a misdemeanors court.
Austerity is out after the euro-area recession extended to a sixth quarter. Stimulus isn’t yet in.
That was the something-for-everyone message from European leaders at a summit in Brussels W...
The moment of truth is approaching for Greece, Ireland, and other countries under fiscal adjustment programs. In an interview with Kathimerini, Jeroen Dijsselbloem, the president of the Euro...
PAOK recovered some of the ground lost in the Super League playoffs by beating fellow Champions League-spot contender Asteras 2-1 at Tripoli on Wednesday, while PAS Giannina and Atromitos sh...
The league that in the last three years has produced the European basketball champion entered its playoffs on Tuesday and Wednesday with the first games of the quarterfinal round, with AGO R...
Far-right Golden Dawn has been catapulted onto center stage of Greek politics. That’s almost an achievement for the post-1974 political system that emerged from the collapse of a pathetic mi...
A growing number of European Union leaders and officials are now suggesting that next year will most probably see a significant write-down on Greek debt.
The country’s partners are clearly a...
