Economy

Greece will take more time to wrap up a bank recapitalization plan it was set to unveil on April 20 and key terms may be have to wait until after a May 6 national election, government officials said on...

ATHENS – PASOK Socialist leader Evangelos Venizelos, whose party is floundering in the polls, said if elected Prime Minister in the May 6 elections he would push international lenders who have imposed austerity measures on Greece that he supported...

"There is still much work to be done for Greece," announced managing director of the IMF Christine Lagarde. Lagarde answered many questions posed by journalists at a press conference. In regards to Greece, she repeated the well-known phrase of hers "application,...

Manager of International Affairs of Iran's National Oil Company said Iran has not stopped oil exports to Greece and Spain, the semi-official ISNA news agency reported Wednesday. Talking on the sidelines of an international oil exhibition in Tehran, Mohsen Qamsari...

Greece΄s bank support fund will receive 25 billion euros today worth of bonds from the European Union to be used to recapitalize the country΄s banks. The bonds from the European Financial Stability Facility, which are meant to help Greek banks...

Fitch ratings agency has downgraded a series of Greek government bonds exchanged under a massive debt relief deal, but has left the country's overall rating unchanged. A Fitch statement says Greece's long-term rating remains at "B" with a stable outlook. The...

European Commission President Jose Manuel Barroso told the European Parliament in Strasbourg on April 18 that Greece could return to growth if it sticks to reforms demanded by international lenders, a formula similar to what interim Prime Minister Lucas...

The majority of the Albanian migrant workers residing currently in Greece are considering the Greek debt crisis as their potential ticket back home. After getting a taste of capitalism in Greece in the past decades, more and more Albanian...

ATHENS – He is perhaps Greece’s most outspoken politician, and as he readies to retire, veteran PASOK Socialist Theodoros Pangalos still isn’t mincing his words, nor eating them, and said he’s standing by his statement that all Greeks are...

The first part has ended in the competition to develop the area of the former international airport of Athens, the Hellinikon. ''Participation in the first part of the competition by important investors specialized in this type of work constitutes a...

ATHENS – With their parties floundering in the polls as May 6 elections approach, New Democracy leader Antonis Samaras has again asked Greeks to give him a mandate to rule the country outright. His bitter rival, PASOK Socialist leader...

ATHENS – Former Defense Minister and a founding member of the PASOK Socialist party Akis Tsochatzopoulos - who has been charged in connection with a money laundering scheme prosecutors said he used to hide millions of euros in secret...

ATHENS – A Greek prosecutor decided on Monday to jail a former defense minister pending trial on money laundering charges in a high-profile case against a politician facing decades of corruption scandals. Charged with stealing millions of dollars from arms...

ATHENS - With only three weeks to woo voters before the May 6 election, Greece's political parties will try to rally support beginning this week in a campaign to elect a new Prime Minister and government amid rising anger...

ATHENS – With his party’s lead in upcoming elections shrinking, New Democracy leader Antonis Samaras may not be able to get the title he most covets – Prime Minister – as reports emerged that the opposition PASOK Socialists will...