Prime Minister Alexis Tsipras has accused its conservative and socialist predecessors of protecting business friends from tax checks. The list had been sent in 2010 to then socialist finance minister Giorgos Papaconstantinou by Christine Lagarde, International Monetary Fund chief and at the time French finance minister. Lagarde had got it from an HSBC whistleblower. A few years later, it emerged that three members of Papaconstantinou’s family had been on the list, but their names were excised and they escaped scrutiny. Alexiadis yesterday said that the statute of limitations on the Lagarde list investigation was due to expire on December 31, but the government would take steps to extend the prosecution period by another year. data from statistics service ELSTAT showed yesterday. Manufacturing production increased 4.2 percent from the same month a year earlier, ELSTAT said. Electricity production rose by 9 percent with mining output declining by 6.1 percent.
Greece will sell 625 million euros of three-month treasury bills next Wednesday to refinance a maturing issue, the Public Debt Management Agency (PDMA) said yesterday. Athens successfully refinanced three-month paper last month. The bills were priced to yield 2.70 percent, unchanged from a previous sale. In a rollover, T-bill holders – mostly Greek banks – renew their positions instead of getting paid on the maturing paper they hold. The settlement date of the new bills will be next Friday. Only primary dealers will be allowed to participate and no commission is to be paid.