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Politics

German Media Lashes Ceaseless Greek Bailouts

A new bailout deal for Greece approved by Eurozone finance ministers and the International Monetary Fund (IMF) is being celebrated by Prime Minister Antonis Samaras as a triumph, but German media accused its government of lying over the real...

SYRIZA's Lead Grows Over New Democracy

A poll taken just before Eurozone finance ministers agreed on a deal to release $56.7 billion in new bailout loans to Greece over the next few months showed that the lingering recession and austerity have given the major opposition...

Mousouroulis Tells Greek Shippers: Fly the Flag

Greek Minister οf Shipping, Maritime Affairs & The Aegean, Kostis Mousouroulis, while visiting London to lure more ships to the Greek registry, said they are a key revenue source for Greece. "Since we are affected by the current financial...

Despite Greek Debt Deal, OECD Sees Recession

Even as Greek Prime Minister Antonis Samaras said the pending release of a $56.7 billion in a first series of installments in a second bailout of $172 billion has saved Greece, the Organisation for Economic Co-Operation and Development (OECD)...

Greek Migrant Ashton a Top Canadian MP

Maclean's, Canada's most prestigious weekly current affairs magazine, ranks Member of Parliament Niki Ashton among the most active lawmakers of the year 2012, based on her effectiveness in serving her constituency. Ashton, who was elected as a New Democratic Member...

Cypriot’s Troika Bailout Deal Still Elusive

While Cypriot officials said on Nov. 23 they had reached a deal with international lenders for a bailout, no agreement has been reached and the prospects are still fraught with problems. According to the newspaper Fileleftheros, the first test will...

Samaras: Dark Period for Greece Has Ended

Prime Minister Antonis Samaras welcomed a debt deal agreed by lenders to unlock long-delayed aid, promising skeptical Greeks a new dawn after months of haggling under the threat of bankruptcy, although critics said all he has done is ensure...

Greece Will Have To Wait On Loan

It took a while but Prime Minister Antonis Samaras’ uneasy coalition government got some relief when Eurozone finance ministers – on the third try – finally agreed to a complicated deal that would lead to the release of 43.7...

Borg Says Greek Debt May Need More Talks

Swedish Finance Minister Anders Borg said on Nov. 27 that he was positive on a deal reached on debt relief for Greece but that further talks on loans might be needed already next May. "Most probably, we are back to...

Vassileiou Says Erasmus Program Under Threat

The Erasmus program, the students exchange program which takes place in Europe every year is under threat due to a lack of funding, European Commissioner Androulla Vassileiou from Cyprus said. The European Union's Member States have failed to come...

Greek Jews Strategize on How to Combat Golden Dawn's Anti-Semitic Streak

Community leaders already have begun a campaign to educate Greeks about the dangers of allowing a Nazi-like party to flourish, and Greek Jews are trying to figure out what more they can do to arrest Golden Dawn’s rise. For every Jew who lives in Greece, there are about 100 Greeks who voted for the country’s far-right party, Golden Dawn, last spring.

Czechs Want Release of Spy Suspects in Greece

Some 150 people attended a demonstration outside the Greek embassy in Prague on Nov. 26, demanding the release of two Bohemia Interactive. employees, Martin Pezlar and Ivan Buchta, detained in Greece two months ago over charges of espionage. They were...

Eurozone Finally OK's Greek Debt Deal

After 12 hours of talks – and a third meeting – Eurozone finance ministers finally reached an early morning deal on Nov. 27 to relieve Greece’s crushing debt and pave the way for the release of $57 billion in...

IMF Wants Eurozone to Take a €40 Billion Haircut on Greek Debt

The International Monetary Fund wants euro zone finance ministers to agree to cut Greece's debt by 20% of GDP now (equal to €40 billion) and commit to further cuts later in order to put the country’s debt in a...

Greek Parliament Gets Lagarde List Case

The Greek Supreme Court has sent to Parliament the case file relating to the so-called Lagarde list of some 2,059 Greek with $1.95 billion in deposits in the Geneva, Switzerland  branch of HSBC that still hasn’t been vetted for...