Ministry of Finance

Greek DM signed $500-mln defense contract to keep Turkey out of Aegean

Defense Minister Panos Kammenos defended his decision to sign a 500-million-euro contract to upgrade five P-3B Orion aircraft. The story saw the light of day on Sunday's Proto Thema and has stirred controversy bearing in mind the fact that this is the largest arms investment in the last five years and comes at a time when Greece is struggling financially.

Govt sources deny reports that Lagarde asked for more austerity measures

Finance Minister sources adamantly denied a report by the DPA on Monday claiming that IMF chief Christine Lagarde asked Greek FinMin Varoufakis to raise VAT rates and cut pensions in recession-plagued Greece.

The same sources also pointed out that the meeting, held in Washington D.C. on what was Easter Sunday in the US capital, was requested by the IMF director and not Varoufakis.

Yanis heads to D.C. on Easter (!) to convince IMF chief of Greece's ?econ resurrection

Greek Finance Minister Yanis Varoufakis departed for Washington D.C. on Sunday morning to meet in the evening with International Monetary Fund (IMF) Chief Christine Lagarde for unofficial talks over the Radical Left Coalition (SYRIZA) government's reforms plan.

Brussels and Greece close to deal, but IMF resistance

Greece is close to an agreement with its international creditors following the presentation of a new list of reforms by the Radical Left Coalition (SYRIZA) government and Finance Minister Yanis Varoufakis. The new agreement concerns the period until June, however there still needs to be an agreement following this period.

FinMin Y. Varoufakis says govt proposals were not leaked by Greece

Finance Minister Yanis Varoufakis said in Parliament on Thursday morning that it is unacceptable that public opinion is being informed by websites on the negotiation with the partners.

New Democracy deputy Yiannis Voutsis had earlier said that deputies are informed on the government's proposals on the Internet.

Varoufakis' April Fool's joke: Greece to run on Bitcoin

Yanis Varoufakis on Wednesday issued his own little prank on the occasion of April Fool's Day to his followers on Twitter, with a message that included a link to an article describing the Greek FinMin's new "ambitious plan" for the salvation of Greek economy: That Greece starts running on bitcoin!

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