Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Years of disasters, scandals, failures fuel Greece's rail crash protests
    Headlines

    Years of disasters, scandals, failures fuel Greece's rail crash protests

    Years of disasters, scandals, failures fuel Greece's rail crash protests

    Published by Global Banking and Finance Review

    Posted on March 20, 2025

    Featured image for article about Headlines

    By Renee Maltezou

    ATHENS (Reuters) - Evi Tsapari is slowly healing from the trauma of escaping bloodied through the window of a burning passenger train after a collision that left dozens dead in central Greece in 2023. But she says she is still waiting for justice.

    Despite investigators blaming safety failures and decades of neglect of Greece's railways, no top politician has faced investigation over the worst crash in the country's history - in part, critics say, because of laws that protect them from prosecution.

    Tsapari is among 1.4 million people who have signed a petition to overturn that law. But its progress is stalled by legal debate.

    "I feel somewhat cheated and fooled," Tsapari told Reuters.

    Hundreds of thousands took to the streets on the second anniversary of the train crash last month, fuelled by anger at the lack of safety reforms, but also by a long-standing mistrust of government and politicians after a string of disasters and scandals in recent years.

    That anger looks set to weaken Prime Minister Kyriakos Mitsotakis, whose popularity has waned in the polls since he won re-election in 2023. He replaced the transport minister in a cabinet reshuffle last week.

    Mitsotakis and his centre-right government, which came to power in 2019, deny wrongdoing in the train crash. He says institutions remain strong under his watch.

    "The rule of law is stronger than ever in our country," he said last month.

    CHANGE BLOCKED

    Two years after the train crash, safety gaps remain, said Greece's Air and Rail Accident Investigation Authority last month. A judicial inquiry is unfinished.

    Mitsotakis reiterated a pledge to modernise the railway network, this time by 2027, and hire a foreign company to take over its maintenance.

    But relatives have accused the government of a cover-up, which it denies.

    One former minister has asked parliament to charge him with breach of duty to clear his name before a judicial panel. Parliament only has until October to probe other ministers before a statute of limitations comes into effect, said former deputy prime minister and law professor Evangelos Venizelos. 

    Tsapari, like many others, pinned her hopes on the constitution that allows citizens to propose legislation to parliament if they gather 500,000 signatures. The petition she signed had nearly three times that number, but the clause she was counting on is dormant because the government has not issued an act to implement it, legal experts said.

    "I don't believe that the powerful will ever let things change," said Tsapari. 

    BROKEN TRUST

    Critics say trust in politicians was broken long before the 2023 rail disaster.

    "This is not just about the train crash, it is about the way the government and the justice system has handled it," said Eva Cosse, senior researcher at Human Rights Watch in Athens. "The crash highlighted deep-seated problems with governance and accountability and the rule of law."

    Among other recent disasters, in 2018 a wildfire trapped residents in the seaside town of Mati, killing 104 people who were waiting for evacuation. Survivors accused authorities of failing to coordinate rescue operations and responding too slowly. The government and local authorities rejected that, blaming arsonists and high winds that fanned the flames.

    In 2017, 25 people died in flash floods that residents largely blamed on authorities' failure to act on prior safety warnings and poor infrastructure.

    These came at the end of a decade-long debt crisis during which governments repeatedly slashed wages and pensions.

    "We will burn, we'll drown, we'll be killed and no one will be held responsible," said Kalli Anagnostou, a survivor of the 2018 Mati blaze.

    SCANDALS

    Since the 1990s, Greece has also been rocked by a string of political scandals, including embezzlement at a bank, money laundering, and the sale of overpriced bonds to pension funds.

    In 2022, a wiretapping scandal prompted the resignation of Mitsotakis' closest aide. Dozens of phones, including those of politicians and journalists, were found to be infected with surveillance software. The Supreme Court prosecutor later dropped the case.

    For all the scandals, only a few ministers have been held accountable. Parliamentary committees set up to investigate ministers, upon approval by a majority of lawmakers, rarely push the case forward, said analysts.

    Only a third of Greeks believe that democracy and the rule of law are well protected in Greece, an October EU survey showed, the lowest score in the bloc.

    Greece scored second worst in the eurozone in Transparency International's Corruption Perceptions Index in 2024, though its ranking had slowly improved over the previous decade.

    "We have no expectation that at some point within a reasonable time our case will be treated fairly," said lawyer Alexandros Papasteriopoulos, who represents relatives of the Mati fire victims. "Politicians are untouchable."

    (Reporting by Renee Maltezou and Alexandros Avramidis; Editing by Edward McAllister and Alex Richardson)

    Related Posts
    Sanofi shares fall on twin trouble for experimental multiple scleroris drug
    Sanofi shares fall on twin trouble for experimental multiple scleroris drug
    Ukraine peace talks stretch into second day at start of pivotal week for Europe
    Ukraine peace talks stretch into second day at start of pivotal week for Europe
    Paris Louvre museum to stay closed all Monday due to strike, union representatives to BFM TV
    Paris Louvre museum to stay closed all Monday due to strike, union representatives to BFM TV
    German economy recorded robust start to fourth quarter, says ministry
    German economy recorded robust start to fourth quarter, says ministry
    Russian anti-Kremlin punk band 'Pussy Riot' designated an extremist organisation by court
    Russian anti-Kremlin punk band 'Pussy Riot' designated an extremist organisation by court
    Iranian Nobel laureate hospitalised twice after 'violent arrest', say family
    Iranian Nobel laureate hospitalised twice after 'violent arrest', say family
    German watchdog slaps online bank N26 with sanctions and more oversight
    German watchdog slaps online bank N26 with sanctions and more oversight
    China to fall out of Germany's top five export destinations for first time since 2010
    China to fall out of Germany's top five export destinations for first time since 2010
    Paris Louvre museum will stay closed on Monday due to strike
    Paris Louvre museum will stay closed on Monday due to strike
    Oil tanker rates to stay strong into 2026 as sanctions remove ships for hire
    Oil tanker rates to stay strong into 2026 as sanctions remove ships for hire
    Czech president appoints Prime Minister Babis' government
    Czech president appoints Prime Minister Babis' government
    Switzerland's KOF institute expects economic growth to slow next year despite trade deal
    Switzerland's KOF institute expects economic growth to slow next year despite trade deal

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostECB's Villeroy: Limitless defence spending should be out of the question
    Next Headlines PostRussian drones wound 10, including four children, in Ukraine's Kropyvnytskyi

    More from Headlines

    Explore more articles in the Headlines category

    Tariff reduction helps Swiss government to lift growth forecast

    Tariff reduction helps Swiss government to lift growth forecast

    Germany to offer refuge to two freed Belarus opposition leaders

    Germany to offer refuge to two freed Belarus opposition leaders

    Analysis-Australia PM Albanese faces Israel pressure after Bondi Beach attack

    Analysis-Australia PM Albanese faces Israel pressure after Bondi Beach attack

    Russia's central bank seeks $230 billion in damages from Belgium's Euroclear, Moscow court says

    Russia's central bank seeks $230 billion in damages from Belgium's Euroclear, Moscow court says

    EU to broaden Belarus sanctions to include hybrid activity, Lithuania says

    EU to broaden Belarus sanctions to include hybrid activity, Lithuania says

    EU yields to pressure from automakers as it rethinks 2035 combustion car ban

    EU yields to pressure from automakers as it rethinks 2035 combustion car ban

    Cricket-England bring in Tongue for Atkinson for third Ashes test

    Cricket-England bring in Tongue for Atkinson for third Ashes test

    Analysis-Wild currency swings put emerging markets in the spotlight

    Analysis-Wild currency swings put emerging markets in the spotlight

    Ex-South Korea President Yoon tried to provoke Pyongyang into armed aggression, prosecutor says

    Ex-South Korea President Yoon tried to provoke Pyongyang into armed aggression, prosecutor says

    UK MI6 spy chief warns of 'aggressive' Russia threat in first speech

    UK MI6 spy chief warns of 'aggressive' Russia threat in first speech

    UK regulation of cryptoassets to start in October 2027, finance ministry says

    UK regulation of cryptoassets to start in October 2027, finance ministry says

    US security experts say Ukraine's abandonment of NATO goal will not alter peace talks

    US security experts say Ukraine's abandonment of NATO goal will not alter peace talks

    View All Headlines Posts