Hollande to visit Greece on Tuesday, eyeing support, sell-offs and frigate deal
French President Francois Hollande is expected in Athens on Tuesday, with sources saying his visit is intended as a show of support for the Greek government and its fiscal consolidation effort.
They added that Hollande is also interested in discussing the efforts of French businesses in Greece and convincing the Greek government to lease two FREMM multipurpose frigates two be used in the exploration of gas and oil reserves in the Aegean.
It is also expected that Hollande and Greek Prime Minister Antonis Samaras will discuss Greece’s privatization process. Athens is reportedly keen for French company EDF to express interest in the sale of natural gas companies DEPA and DESFA, with Russian firms currently leading the way in the tenders for the two firms, which is due to close in April.
Le Figaro newspaper suggested that Hollande will be aiming to send a message to foreign investors that the adjustment process in Greece along with structural reforms are starting to pay off.
Judging from the markets and English-speaking news media this week, Greece’s damaged economy has finally turned the corner. I doubt it.
The Financial Times and Wall Street Journal ran promin...
The major lesson from the Cypriot crisis is that depositors, shareholders and creditors have the right to know the rules of the game regarding banking resolution well in advance, Michel Barn...
Germany's Bjoern Otto recorded the world's leading performance in the men's pole vault at the Athens Street Pole Vault event that took place at Zappio, in central Athens, on Saturday afterno...
PAS Giannina upset PAOK at Thessaloniki on Sunday to take the lead at the Super League play-offs, while Asteras Tripolis rebounded from its loss at Ioannina in midweek to defeat Atromitos at...
Certain people have created a monster and now, when they observe it, they wonder what it is. Golden Dawn, along with all its slogans and behavior, is the work of many, not one single person....
The country has a unique opportunity to turn the page. Society has displayed incredible maturity and responsibility, despite all the hardships. Reforms which had been under discussion for de...
