Politics

Imagine a United States where unemployment is 24 percent – 55 percent for those under 25 – where wages have been cut and pensions and Social Security slashed 30 percent, property and income taxes doubled, gasoline at $10 a...

With pessimism and gloom settling over Greece with another pending $14.6 billion in government spending cuts and more austerity measures looming, Finance Minister Yiannis Stournas said he believes that the country will survive and its economy come back. Speaking to...

Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras has dismissed hopes that Greece would get  two-year extension to meet reduce its deficit and impose more austerity on orders of international lenders as a failed scheme he said would...

He's not the Greek Prime Minister, but Costas Dimitriou, President of the Association for the Greek Communities of Germany, sees German Chancellor Angela Merkel every three months in Berlin to have some serious talks about Greece. They discuss Greece's financial...

Again pleading for more time to lower Greece’s deficit and make more deep spending cuts on orders of international lenders, Greek Prime Minister Antonis Samaras repeated his warning that the alternative – Greece being forced out of the Eurozone,...

Greek Prime Minister Antonis Samaras’ hopes that Greece will get an additional two years to make spending cuts and reduce its deficit got support from Austrian Finance Minister Maria Fekter, whose country is one of the 17 in the...

Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras, who has been mostly silent for months while the uneasy coalition of Prime Minister Antonis Samaras has been preparing $14.6 billion in budget cuts aimed primarily at the poor, workers...

The Greek President's salary is about to be halved under an amendment put forth in the Parliament, although it is moot for the current office holder, Karolos Papoulias, who has waived the monthly salary of 23,122 euros, some $30,351,...

Greece needs a two-year extension from its international creditors to meet fiscal pledges, and a liquidity boost from the European Central Bank, said Prime Minister Antonis Samaras. In a Washington Post interview appearing in Greece on Saturday, Samaras said the...

With Greece mired in a crushing economic crisis with seemingly no way out, a panel at the London School of Economics on Sept. 11 of academics and writers specializing in political science, public policy, math, the economy and society...

Looking everywhere for cash, a frantic Greek government is reportedly ready to scrap the tax-free threshold of 5,000 euros, or $6,561 a year and make the desperately poor pay taxes for the first time. The level had been reduced to...

Swiss banking officials have rejected a request by Greek politicians and their spouses to provide written proof they do not have secret accounts, a request they made after a Swiss politician said some of them had deposited cash to...

Greece may get more time to reduce its deficit and impose more harsh austerity measures – but not more money – International Monetary Fund chief Christine Lagarde said after a meeting of EU finance ministers in Cyprus. Prime Minister Antonis...

International Monetary Fund official Thanos Catsambas denied he said Greece will need a third bailout. “There was never a discussion or reference to a ‘third bailout program,’” as suggested by media reports earlier today, Catsambas, an alternate executive director at...

The European Commission has temporarily approved a 1.8 billion euros ($2.33 billion) recapitalization of the troubled Cyprus Popular Bank and has given Cyprus six months to present a plan of reconstructing the institution before the EU decides on whether...