Politics
Economy
Divided Greece Torn by Hard Times, Austerity
With Greece running out of cash and time, Prime Minister Antonis Samaras’ shaky coalition government faces its most crucial test on Nov. 7 when a 13.5 billion euros ($17.45 billion) spending cut and tax hike plan goes to parliament...
Business
Cyprus Bailout Boon for Rich Russians
An international bailout of as much as $12.83 billion for Cyprus to prop up its banks pushed to the edge of insolvency by exposure to devalued Greek bonds, could wind up benefiting Russian oligarchs, wealthy business executives and gangsters...
Economy
Ahead of Key Votes, Samaras Warns of Euro Exit
Greek Prime Minister Antonis Samaras warned again Sunday that the debt-crippled country could be forced out of the euro if parliament fails to approve a new round of austerity measures needed for a lifeline from creditors.
"We must save the...
Economy
A Test for Samaras as Greece Closes Down
Greek Prime Minister Antonis Samaras’ uneasy coalition government faces its toughest test this week when a $17.45 billion spending cut and tax hike plan aimed squarely at workers, pensioners and the poor goes to Parliament for a vote on...
Economy
Austerity Pushes 20% of Greeks Into Poverty
More than 2.34 million people in Greece are living below the poverty line, due largely to a barrage of pay cuts, tax hikes and slashed pensions that have hit workers, pensioners and the poor while the rich, politicians, and...
Economy
Prosecutor Probing Venizelos, Papaconstantinou
Former finance ministers from the PASOK Socialist party, George Papaconstantinou, and Evangelos Venizelos – now the party’s head – will be investigated by Parliament to determine whether they were criminally negligent for failing to vet a list of 2,059...
Business
Vaxevanis Says Greece Hiding Corruption
A Greek journalist acquitted of violating privacy laws for publishing a list of 2,059 depositors with $1.95 billion in a Swiss bank being kept secret by the government, said the country’s political and rich are trying to muzzle the...
Economy
Syriza MEP Chountis Says Labor Reforms Unlawful
Nikos Chountis, one of the Greek Coalition for the Radical Left (SYRIZA) Members of the European Parliament, has asked the European Union (EU) to withdraw its demands for changes to labor laws in Greece part of a new package...
Greece
SYRIZA Still Leads New Democracy in Polls
As Prime Minister and New Democracy Conservative leader Antonis Samaras readies to see if Parliament next week will back his $17.45 billion spending cut and tax hike plan for 2013-14 that has given rise to social unrest, his party...
Economy
Greek Parliament to Probe Lagarde List
Even as a Greek judge acquitted a journalist of violation of privacy laws after he published a list of 2,059 Greeks with $1.95 billion in deposits in a Swiss bank account, the Parliament is being asked to investigate why...
Canada
Greek Canadian Diplomatic Relations Are 70
This year is the 70th anniversary of diplomatic relations between Canada and Greece, as the two countries made a two-day exchanging of their diplomats, during WWII.
In a statement, Foreign Affairs Minister of Canada, John Baird, said, “Seventy years to...
Art
Corpus Christi Cancelled After Blasphemy Protests
A play dramatizing the story of Christ and the Apostles has been closed down following protests from the neo-Nazi Golden Dawn party and religious groups that it was blasphemous, theater officials said.
Terrence McNally’s Corpus Christi, directed by Albania-born Laertis...
Greece
Vaxevanis Acquitted in Swiss Accounts Scandal
A Greek court on Nov. 1 acquitted a journalist of breach of privacy in publishing a list of 2,000 Greeks allegedly with Swiss bank accounts, in a case that has exposed the government to charges of a cover-up.
Costas Vaxevanis,...
Economy
Greek Court Says Pension Reforms Not Legal
Greek pension reforms requested by Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) to secure a pending loan of $38.8 billion may be unconstitutional, a Greek court ruled on Nov. 1, further complicating the government's plan to...
Economy
Book Recounts Political Death of Papandreou
In an upcoming book, former French Finance Minister Francois Baroin says that former Greek Prime Minister George Papandreou was warned that international bailouts keeping the country’s economy alive would be scrapped if he persisted with plans to hold a...