Phantis:Selected anniversaries/May 5
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- 1960: Sophoklis Venizelos called for the legalisation of the Communist Party of Greece.
- 1995: For the first time in 22 years, inflation fell below the 10% mark in Greece.
- 2002: Panathinaikos defeated Kinder Bologna 89-83 to win their third Euroleague title.
- Births: George Papadopoulos, head of the Junta that seized power in 1967 (1919).
- Deaths: Nikos Gounaris, Elafro singer (1965).