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.

The head of financial crimes unit SDOE, Stelios Stasinopoulos told deputy-members of the Committee on Institutions and Transparency that checks begun after the summer and of the 1700 persons on the list, 266 checks have been initiated of which 155 are at an advanced stage.

Once again, the outspoken veteran politician, speaking on Vimafm radio blasted away at “friends” and foes alike, taking aim at some of his former comrades in PASOK as well as persons under scrutiny by justice for corruption.

The Greek justice system has been dealing with high profile corruption cases recently, with revelations cascading daily. One may say the Greek public has been privy to details in cases that for a long time have reeked of corruption, but had not been investigated, and now are coming into the limelight.