Politics
Economy
Greek Economic Crisis Closing Stores, Ending Dreams
In September, Christina Aggelaki, 56, will close the sporting goods store she and her husband have operated in a western Athens neighborhood for 30 years, victims of a deep recession worsened by austerity measures that has slowed spending to...
Economy
Greece Said to Need Another $3 Billion in Cuts
Even as the shaky coalition government led by Prime Minister Antonis Samaras is having trouble finalizing some 11.5 billion euros, or $14.16 billion in cuts demanded by international lenders in return for rescue loans, another $3 billion in savings...
Economy
No Wiggle Room for Greece, Merkel Ally Says
The parliamentary head of Angela Merkel's party warned Sunday that crisis-wracked Greece had "no room for manoeuvre" ahead of talks this week between the German chancellor and the Greek prime minister.
Volker Kauder, parliamentary group leader of Merkel's conservative bloc,...
Economy
Greece Says Bailout Break Would Help Economic Recovery
Hoping to press the case that Greece needs more time to hit fiscal targets demanded by international lenders, a report from the country’s Finance Ministry said that a possible recovery could be spurred by allowing two more years for...
Greece
Exclusive: Yiannis Alafouzos Talks About Panathinaikos, SKAI TV and Greek Politics
In an exclusive interview with Greek Reporter, the Managing Director of SKAI Media Group and Panathinaikos FC fans' coalition group, President Yiannis Alafouzos, talked about the future of the Greek team, the goal of Panathinaiki Symmaxia (Panathinaikos Alliance), with the...
Economy
Finland Sees Greek Eurozone Exit, Preparing for Breakup
With more signs showing that Greece is heading toward an exit from the Eurozone of the 17 countries using the euro as a currency, Finland says it’s preparing for the worst and putting together an operational contingency plan if...
Economy
Despite Austerity, Greek Debt Rises to $374 Billion
ATHENS - Despite two years of punishing pay cuts, tax hikes and slashed pensions – and with more looming – Greece’s staggering debt has risen to $373.95 billion, up $28.58 billion since March 31, with no signs it’s going...
Economy
Merkel Mulls Easing Greece Bailout Terms
According to Bloomberg, two German lawmakers told reporters on Thursday that German Chancellor Angela Merkel is considering softening Greek bailout conditions.
CDU's Klaus-Peter Willsch said in an interview that there is a strong opposition among members of Merkel's coalition government...
Greece
IRIN Report: Greece – “Not A Heaven for Immigrants”
Human rights groups have condemned recent police crackdowns in Greece on undocumented migrants, inhumane detention conditions, and hate crimes committed with impunity.
The Greek authorities began a crackdown on irregular migrants in the capital, Athens, in early August, when the...
Economy
Schroeder, Chatzimarkakis Want Greek-Bashing To Stop
Former German Chancellor Gerhard Schroeder, and a German Member of Parliament of Greek descent, Jorgo Chatzimarkakis, have called for politicians in their country to stop criticizing Greece’s effort to get out of its economic mess and to be pushed...
Economy
Samaras Readies to Visit Merkel, Hollande to Make Greece's Case
Greek Prime Minister Antonis Samaras, struggling to get a consensus in his shaky coalition government for another $14.16 billion in cuts and austerity measures he’d vowed to avoid, will take his case to German Chancellor Angela Merkel in Berlin...
Economy
Economic Crisis Putting More Greeks on Bicycles
Angel Kouda, 49, doesn’t use a car anymore to drive to work at a video store in her western Athens neighborhood. Like many other Greeks, she’s taken to a bicycle, partly out of necessity because of a crushing economic...
Economy
Spiegel: Only Bankruptcy Can Help Greece Now
«Only Bankruptcy Can Help Now» is the title of a new article referring to Greece in the german magazine Der Spiegel.
As it says: «Greece has disappointed its creditors yet again. Now its government plans to ask for more time...
Economy
Greek, American Researchers: Tax Evaders Cost Greece Billions
Leaving their country to struggle through recession and austerity measures, tax cheats have robbed Greece of some 11.2 billion euros, ($13.76 billion) that could be collected, according to Greek and American researchers. Rather than looking at tax records to...
Economy
Greece Puts Moratorium on Spending, Except Salaries, Pensions
Under the gun to make cuts or find equivalent savings of $14.16 billion, the Greek government has put a hold on all spending, except for pensions and salaries, and will not pay its bills. The new coalition administration of...