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Politics

Greek $5 Billion Bond Sale Holds Off Default – For Now

Facing a deadline this month to pay a $3.82 billion loan payment or risk defaulting, Greece has again managed to escape, by selling $5 billion in 13-week treasury bills, mostly to Greek banks who had been recapitalized by the...

Pangalos Says Greeks Still Eating it All Together

Former Deputy Prime Minister Theodoros Pangalos, who stirred anger when he said that the Greek economic crisis was the blame of both politicians and the people who accepted jobs from them, is stirring the waters again with a new...

Greece's Drug Addicts Face Struggles During Crisis

Eli Pandi, 38, started using drugs when she was 14 to escape the pain of family issues. "There was a lot of pain and misery," she told the website SETimes. But through an Athens drug rehabilitation centre called Over...

Greek Teachers Union Blasts Cuts in State Funding

Anxious over continued slashes in the education budget, the Greek Confederation of Teachers has sent a letter - which condemned goverment policies - to Interior Minister Evripidis Stylianidis, asking for a meeting to talk about what the union said...

Greek Police Search for Killer of Iraqi Immigrant

Amid rising tension over an influx of immigrants in Greece, police are hunting for five suspects in the killing of a 19-year-old Iraqi man who was stabbed to death by a gang on motorcycles as he walked along a...

EU Expert on Greek Privatization Quits Amid Corruption Charges

A Slovakian woman fired from her country’s National Property Fund after she had been placed by the European Union on the Greek privatization board TAIPED has been forced to resign after being caught up in a corruption scandal. Anna Boubenikova...

Germany Will Veto Greek Aid if Reforms Fall Short

Germany will block any new aid to Greece if Athens does not fully comply with the terms of previous rescue packages, even if other countries support unlocking funds, a senior lawmaker said today. The deputy head of Chancellor Angela Merkel’s...

Samaras Cancels Prime Minister's Annual Economic Address

ATHENS – With Greece’s already-struggling economy sinking fast and his new coalition government unable to find any answers, Prime Minister Antonis Samaras is ending a tradition that has had Greek leaders for years giving an annual economic speech that...

Stournaras Wants Tax Cheats to Pay Overdue Fines

ATHENS – Struggling to find ways to cut $14.16 billion in spending and raise more revenues, Greece could realize as much as $1 billion just by collecting fines against convicted tax cheats who haven’t paid, Finance Minister Yiannis Stournaras...

OECD Head Says Greece Should Stay in Eurozone

PARIS - Despite a crushing economic crisis, Greece should stay in the Eurozone of the 17 countries using the euro as a currency, but must continue to implement reforms at the same time, Angel Gurria, Secretary-General of the OrgThe...

Greek Labor Analyst Says Jobless Rate Could Hit 29%

ATHENS - With Greece’s unemployment rate already at a record high of 23.1 percent  - and 1.15 million people out of work during a crushing economic crisis, the Director of the Labor Institute at Greece’s largest private sector union...

Greece Ranks Last in EU Waste Management

Greece, struggling through an economic crisis, isn't doing well with waste management either, finishing at the bottom of the 27 member states of the European Union in a report ranking how well countries do in collecting, sorting and dealing...

Greece Fires Manager for Refusing to Cut Workers’ Pay

ATHENS – The new coalition government led by New Democracy Prime Minister Antonis Samaras has forced the manager of the state nickel producer LARCO to resign after he refused an order to reduce workers’ pay as part of efforts...

Greece Set to Fire 40,000 Public Workers, Unions Vow Resistance

ATHENS – Under the gun from international lenders to make another $14.16 billion in cuts on top of crushing austerity measures that have hit workers, the elderly and the poor, Greece is set to put some 40,000 workers in...

Greek School Teachers To Strike When School Starts

ATHENS -Frustrated over falling wages and starting salaries for new teachers of as little as $184 a week - before taxes - Greek school teachers said they would strike the day after the new school year begins on Sept....