Politics

German Finance Minister Wolfgang Schaeuble said that with aid payments to Greece from the last three quarters due by year-end, euro-area governments need to come up with an enhanced “control mechanism.” “You’ll run up three tranches by the end of...

Waiting on a desperately-needed $38.8 billion installment from international lenders as the country is running out of cash, Greece raised 4.06 billion euros ($5.15 billion) on Nov. 13 from the sale of short-term treasury bills – money it will...

Laurence Rees, a former creative director of history programs for the BBC and the author of six books on World War II, has put together a report examining the conditions that allowed Adolph Hitler to rise to power in...

Eurozone finance ministers agreed Monday to meet again November 20 to clear the way for a long-delayed Greek aid payment, but a proposal to change its debt reduction deadline sparked the ire of the International Monetary Fund. Eurogroup head Jean-Claude...

Plans to give Greece extra time to meet deficit-cutting targets would open up a financing gap of around 15 billion euros ($19 billion) through 2014 and 17.6 billion euros in the two following years, the country’s creditors said. The “troika”...

As Greece is still investigating why the government didn’t examine a list of 2,059 Greeks with $1.95 billion in deposits in HSBC’s Geneva branch in Switzerland for possible tax evasion, another list has emerged, showing 97 others have more...

Eurozone finance ministers will not decide at the Eurogroup meeting later on Nov. 12 in Brussels whether to disburse a badly needed 31.5 billion euros ($38.8 billion) loan tranche to Greece, German Finance Ministry spokeswoman Marianne Kothe said. “We expect...

Having done its job – approving a $17.45 billion spending cut and tax hike plan and an austerity budget, Greece is now waiting for its international lenders to hand over a long-delayed $38.8 billion installment in return as promised....

By a vote of 167-128, the Greek Parliament shortly after midnight on Nov. 12 easily approved an austerity-packed budget for 2013 that includes big pay cuts, tax hikes and slashed pensions as part of a $17.45 billion package that...

In another sign of distrust, Greece’s international lenders have reportedly demanded that the government produce the names of the 2,000 workers who are expected to be laid off by the end of the year, and eventually fired, according to...

One of the most onerous measures in a $17.45 billion spending cut and tax hike plan that Prime Minister Antonis Samaras narrowly ushered through a divisive Parliament – a 25 euros ($31.77) entry fee to be seen at a...

The man who led Greece into the Eurozone has attacked former prime minister George Papandreou’s handling of the debt crisis, adding to infighting threatening the PASOK Socialist Party’s position in the ruling coalition. Costas Simitis, who was prime minister from...

Greece is downplaying reports that the Eurozone will not act at a Nov. 12 meeting of finance ministers to disburse a long-delayed $38.8 billion loan (31.5 billion euros) installment despite approval by the Greek Parliament of a contentious $17.45...

Even as Greek Prime Minister Antonis Samaras has vowed to make another attempt to cut their pay and benefits, the Court of Audit is investigating the government’s decision to exempt parliamentary workers from cuts in pay and benefits as...

Two Greeks are going to be included in the delegation of the Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) which is negotiating with Cyprus over the size and conditions the island needs to right its struggling...