Economy

ATHENS – With less than a month before an expected election to choose a new leader, support is waning for the two major parties that have taken turns ruling Greece for more than 35 years, the New Democracy Conservatives...

ATHENS – With his party slipping in the polls as elections loom to find a new leader for Greece, New Democracy Conservative leader Antonis Samaras kicked off his campaign trying to explain why he did an about-face by agreeing...

ATHENS – With elections approaching, the PASOK Socialist party’s new leader Evangelos Venizelos, who just stepped down for now as Finance Minister in a shaky hybrid government-ruling Greece, said despite two bailouts from international lenders, including a second for...

Greece should not be complacent now that it’s getting a second bailout to prop up its failed economy, International Monetary Fund chief Christine Lagarde and German Finance Minister Wolfgang Schaeuble – a constant critic – have warned in a...

ATHENS – A day after police allegedly beat two journalists covering protests over the suicide of a retired pharmacist in Syntagma Square, the President of the Greek Photojournalists Union, Marios Lolos, was reportedly beaten so badly by riot police...

ATHENS – As crowds gathered under the tree in Syntagma Square where retired pharmacist Dimitris Christoulas, 77, killed himself because he said his pension had been cut by a heartless government to the point where he couldn’t buy medicine...

According to Iranian state television on April 5th, Iran has stopped oil sales to two Greek refineries, Hellenic Petroleum and Motor Oil Hellas after failure of the two companies to make the required payments. Greece's major refineries Hellenic Petroleum and...

Several MPs have repeatedly introduced questions to the Hellenic Parliament concerning the course of the agreement between Greece and Switzerland over the taxation of Greek deposit accounts in Swiss banks and the publication of their holders’ names. However, since 2008,...

A significant fall of car sales in Greece were recorded in the first quarter of 2012. Only 23,292 cars have been sold in the past few months, about 41 percent less than last year's sales. Numbers show that the financial...

Greece said Thursday a further EUR20.2 billion of Greek government bonds will be swapped over as part of its debt restructuring plan and that a deadline to the second leg of the agreement has been extended to April 20. According...

Pharmacists in Attica and Piraeus decided Wednesday to stop the distribution of medicine to some 9.5 million insured under the new Healthcare Services Agency (EOPPY) due to the agency’s unpaid debts to both pharmacists’ associations. Pharmacists claim that the EOPPY...

ATHENS – With $325 billion coming in two bailouts from international lenders, Greece will not need a third bailout despite its still sliding economy, interim Finance Minister Filippos Sachinidis said on April 4, nor need any more austerity measures...

Greece΄s parliament has approved legislation deregulating the country΄s taxi industry as part of a reforms package promised to international creditors. Early Wednesday according to Dow Jones, lawmakers approved the reforms by majority vote after months of political infighting among government...

(AP) - Greece is considering a suspension of its track and field federation because of cuts in state funding the past two years. Federation head Vassilis Sevastis told The Associated Press his group will hold an emergency board meeting Wednesday to...

Everyone who thinks that the Troika or German bailout plan for Greece is harsh and strict on the Greeks should read the Euro exit plan scenario proposed by Dutch Jurre Hermans. And let it be noted that Mr. Hermans...