• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

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
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    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.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on March 5, 2025

    Featured image for article about Headlines

    By Renee Maltezou and Angeliki Koutantou

    ATHENS (Reuters) -Greece's centre-right government faces a no-confidence vote this week over a deadly 2023 train disaster, days after protesters brought the country to a standstill to press their demands for political accountability.

    Hundreds of thousands of people took to the streets on Friday to mark the second anniversary of the country's worst rail crash, demanding justice for the victims. Fifty-seven people, most of them students, were killed in the disaster.

    Lawmakers from the main opposition, the centre-left PASOK party, and from leftist parties submitted a censure motion against Prime Minister Kyriakos Mitsotakis' government during a parliamentary debate on the disaster on Wednesday.

    They said the government has lost its popular mandate since some of the biggest protests in Greece for years, accusing it of shirking responsibility over the crash and failing to fix critical safety gaps and covering up evidence.

    "Being aware of our duty towards society and history and towards the Greek people... we submit a motion of no-confidence against the government," said the document signed by 85 lawmakers. The government has denied any wrongdoing and, with 156 seats in the 300-seat parliament, is expected to survive the motion.

    The vote will be held on Friday afternoon.

    Addressing parliament earlier on Wednesday, Mitsotakis said the allegations by opposition parties threatened domestic political stability during turbulent international times.

    "It would be fatal if stability in Greece was threatened at this point," he said, adding that his government would modernise by 2027 the railway network, which is operated by a state-run company, and would hire a foreign company to take over its maintenance.

    For many Greeks the accident has become a painful emblem of the perceived neglect of infrastructure for decades before the crash and two years since. Fresh protests were planned outside parliament on Wednesday afternoon.

    On Tuesday, a majority of 277 lawmakers voted to set up a committee to investigate how a former minister handled the aftermath of the crash and a potential breach of duty.

    Christos Triantopoulos, who was minister for state aid at the time of the crash, has denied wrongdoing. On Tuesday, he resigned from his post as deputy civil protection minister to support the inquiry by parliament, the only Greek body that can lift politicians' immunity and probe them.

    A judicial investigation into the crash is expected to be completed later this year.

    Relatives of the victims have criticized the government, which won re-election after the crash, for not initiating or backing a parliamentary inquiry into political responsibility.

    They say the authorities tried to cover up evidence by laying down gravel at the scene soon after the crash. Triantopoulos, who went to the crash site shortly after the incident, has dismissed the allegations as groundless.

    The Air and Rail Accident Investigation Authority (HARSIA), an independent agency set up hastily after the crash, reported last week that the disaster was caused by chronic safety shortfalls that still need to be addressed to prevent a repeat.

    Christos Papadimitriou, head of HARSIA's rail division, told the Kathimerini newspaper on Sunday that authorities' ignorance and lack of experience were possible reasons for the loss of significant evidence from the scene.

    (Editing by Bernadette Baum, Mark Heinrich and Frances Kerry)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    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