BUSINESS Euro

Greek deal closer, euro zone finance ministers to meet May 9

JAN STRUPCZEWSKI & FRANCESCO GUARASCIO

Greece and its international lenders are close to a deal on a package of bailout reforms and are working to agree further contingency steps by May 9 when an extraordinary meeting of euro zone finance ministers will be held in Brussels, EU officials said on Thursday.

BUSINESS Taxation

Debts to the state keep expanding

PROKOPIS HATZINIKOLAOU

Citizens’ capacity to pay taxes is diminishing by the year, and the latest data from the General Secretariat of Public Revenues show debts to the state on on the rise: In the first quarter of the year taxpayers’ debts expanded by 3.22 billion euros, taking the sum of all debts to the tax authorities to more than 87 billion euros.

BUSINESS Taxation

SEV’s stark warning on taxation

SOTIRIS NIKAS

The Hellenic Federation of Enterprises (SEV) was particularly critical of the government, as well as the country’s creditors, on Thursday, warning that the policy mix under consideration will aggravate the Greek recession

BUSINESS Banking

HFSF picks firm to review Greek bank boards

Greece’s bank bailout fund has picked consulting firm Spencer Stuart to undertake a review of the boards of the country’s four big banks, part of a drive to crack down on how members are chosen, it said on Thursday.

BUSINESS Markets

Greek bond yields come down

Greek yields recovered on Thursday from a sharp rise a day earlier, as Athens and its creditors hit a snag over reform measures needed to unlock financial aid it requires to pay International Monetary Fund loans maturing in June and July.

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IN IMAGES

Traveling the world on soap bubbles

A Polish soap bubble artist performs on Dionysiou Areopagitou Street in the historic center of Athens. Piotr Ostrowski, 31, gave up his job at a recording studio in Poland six months ago to travel the world, funding his journey along the way by putting on soap bubble spectacles in public spaces using two selfie sticks and what he calls his ‘magic’ soap mixture. Ostrowski has been in Athens for a month and plans to stay at least another two weeks before continuing his journey, performing on the popular promenade every day until sunset. (Stelios Misinas/ANA-MPA)