Politics

As the Greek Parliament was approving a $17.45 billion spending cut and tax hike plan – exempting its own employees - the country’s unemployment rate rose for the 39th consecutive month to a record high of 25.4 percent, showing...

Dexia, a Franco-Belgian bank, will receive another stimulus package from Belgium and France, due to heavy losses during the previous term. The extra funding is estimated at 5.5 billion euros ($7 billion) and is only one of many stimulus...

Greek Deputy Foreign Minister Konstantinos Tsiaras completed his official visit to South Africa and commented upon returning to Athens that he received very positive messages from his meetings with the delegates of the Greek Community of the country and...

Following a day of peaceful protests followed by violent confrontations between anarchists and riot police right outside, the Greek Parliament, in a dramatic post-midnight vote on Nov. 8, narrowly approved a $17.45 billion spending cut and tax hike plan...

With their pay set to be deeply cut, 45 veteran workers at the Bank of Greece have resigned en masse, illustrating the deep division in the country as the Parliament was set to vote on a $17.45 billion spending...

While the Greek Parliament has given the go-ahead to a $17.45 billion spending cut and tax hike plan needed to secure release of a long-delayed $38.8 billion installment from international lenders, the money may not be disbursed until December,...

Switzerland is ready to enter into formal negotiations with Greece over a deal to tax the assets wealthy Greeks have stashed in secret Swiss bank accounts. The Swiss government said on Wednesday it had adopted a mandate for negotiations after...

International lenders resume bailout talks with Cyprus on Friday, authorities said, in an attempt to secure badly needed financial aid by the end of the year for an island exposed to Greece΄s debt meltdown. A team representing the lenders, known...

Haralambos Dafaranos is the new H.E. Ambassador of Greece to Australia filling up the post of his predecessor Alexis Christopoulos who retired in August. Dafaranos has a long experience of 32 years working for the Foreign Ministry in Greece and...

Already buried by 2 ½ years of austerity measures imposed by the government on the demand of international lenders putting up $325 billion in bailouts for the country’s faltering economy, Greek workers, pensioners and the poor will face another...

The Greek rescue program is seriously derailed. By the end of this year, the economy will be a fifth smaller than it was five years ago, and the government is forecasting another 4.5 percent decline in 2013. This figure...

Without explanation, former Greek prime minister George Papandreou abruptly cancelled a scheduled Nov. 7 speech in Toronto on the Greek economic crisis to fly back to Athens so he could be present when the Parliament votes on a critical...

The European Union’s top economic commissioner said euro leaders need to lock down an agreement on tackling Greece’s debt by next week as regional finance chiefs defended their response to the sovereign debt crisis. EU Economic and Monetary Affairs Commissioner...

Tens of thousands of Greek workers began a 48-hour strike on Nov. 6 to protest a new round of austerity cuts that unions say will devastate the poor and drive a failing economy to collapse. The strike was called by...

With his shaky coalition on the verge of breaking apart, Greek Prime Minister Antonis Samaras has reached out to lawmakers to back a $17.45 billion spending cut and tax hike plan he promised would be the last round of...