Economy

International markets have responded positively to the Greek Parliament’s decision to pass new austerity legislation, which is deemed as highly necessary for the completion of the restructuring of the Greek debt. The first positive signs came from distant Australia, whose...

ATHENS - Despite new austerity measures rammed through the Parliament in the wake of riots that left parts of downtown Athens burning, European Union leaders said they aren’t convinced that Greece is serious about reform and won’t release a...

The vote by Greece΄s parliament late Sunday in favor of additional austerity measures was a "crucial step" toward winning a second bailout program from its European partners and the International Monetary Fund, European economics affairs Commissioner Olli Rehn said...

The President of the Greek Republic Karolos Papoulias has decided Wednesday to waive his salary, as announced by Finance Minister Evangelos Venizelos. During a meeting between the two officials, Papoulias asked the Finance Minister to make all necessary arrangements. According to...

Fire, rage and looting were widespread all around downtown Athens on Sunday evening, while the Greek Parliament was voting on a new package of austerity measures that will further plague the people of the country with drastic cuts in...

In an episodic political "background," the Athens Stock Exchange on Monday welcomed the Parliament’s approval of the new loan agreement. The shares of Eurobank, Hellenic Postbank, Piraeus Bank and Alpha Bank, recorded gains above 20%, while NBG reached intraday to...

The Greek-American daily newspaper “Greek News” has appealed to the Greek Community throughout the US to provide the necessary support for Greek people going through extremely harsh times. In its main article, the editor of the NY newspaper, Mr. Apostolis...

European Union officials and leaders of the euro-zone's central bank still haven't hammered out key details of a bailout of Greece, The Wall Street Journal reported Monday, two days before an important meeting to approve the next round of...

More than 1,000 women leaders in business, government and civil society will be meeting in Athens between May 31 and June 2nd within the framework of the 22nd Global Summit of Women 2012. The "Global Summit of Women, Athens 2012"...

ATHENS – While anarchists warred on the streets with riot police and 40 fires lit up banks, cinemas, and businesses, the Greek Parliament approved more austerity measures designed to keep bringing in international aid to keep the debt-choked country...

Amid a growing public backlash, the Greek Parliament voted Sunday to approve a package of austerity reforms, marking a key step toward securing a second bailout for the debt-riddled nation. Lawmakers voted 199-74 in favor of the cutbacks, despite strong...

 Historic cinemas, cafes, shops and banks went up in flames in central Athens on Sunday as black-masked protesters fought Greek police outside parliament, while inside lawmakers looked set to defy the public rage by endorsing a new EU/IMF austerity...

As thousands of demonstrators clashed with police outside on Sunday, Greece's parliament debated painful austerity measures the country must take in exchange for a multi-billion euro bailout and debt restructuring program. The loan-for-austerity package that will be voted on at...

ATHENS – With Greece on the brink of default unless it approves new austerity measures that could deepen a recession now in its fifth year, interim Prime Minister Lucas Papademos told lawmakers, including a growing number of rebels who...

The Greek cabinet approved a draft bill spelling out reforms required by the EU and the IMF on Friday, taking Athens closer to getting a new 130 billion-euro bailout after the prime minister warned the alternative was "catastrophe". All eyes...