He cost taxpayers £10 million. One of Britain's most - wanted tax fugitive Michael Voudouri, was arrested in northern Cyprus after allegedly using a forged passport.

The judicial council has decided to release Dimitris Kontominas on terms proposed yesterday by inquisitor Giorgos Andreadis, including a 5 million euro bail.

Two off-shore companies shown as belonging to a Golden Dawn member that is among those handling party funds, as well as 150,000 euros in a bank account belonging to jailed Golden Dawn mp Yannis Lagos have come under the scrutiny of financial crime squad SDOE that is looking into the party's finances.

The risk of investors having to accept more losses on Greek debt has abated following a writedown on the securities in 2012, according to Gareth Colesmith, a senior money manager at the London-based unit of Bank of New York Mellon, a leading company in global investments. The company was wary of Portuguese bonds because of the nation's struggle to implement fiscal reforms, he added.