Junior coalition partner tells lenders 'Greece at limits'
The head of the junior partner in Greece's coalition, Fotis Kouvelis of Democratic Left, appealed to the troika and to the country's European partners on Friday "to realize and accept that Greek society has gone beyond the limits of what it can endure» and could handle no further austerity.
In a written statement issued as talks between government officials and the troika gathered pace, Kouvelis said Greece needed «support for growth.»
He called for the immediate reduction of value added tax on restaurants and cafes, which currently stands at 23 percent, for an increase in the number of installments in which debts to the state can be paid off and for additional support to indebted households. He also called for the reduction of a special consumption tax on heating oil.
Emphasizing "the explosive dimensions" of rising unemployment, Kouvelis said a "safety net for social protection" was imperative, noting that the country cannot exit the crisis without social cohesion.
European leaders have decided youth unemployment and the risk of social breakdown are among the toughest challenges they face and finding solutions will be a top priority for the coming mont...
Energy-intensive industries on Friday protested a delay in measures announced a couple of months ago for reducing energy costs and for ironing out the electricity market distortions that sig...
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...
While the country waits for an influx of major investment that is expected to create new jobs in the distant future, it is absolutely vital to bolster small to medium-sized companies as fast...
Greek police officers are doing a fine job despite considerable cuts in their salaries coupled by major shortages in equipment and infrastructure.
Through their behavior and professionalism,...