Politics
Economy
Juncker to Visit Athens August 22
Jean-Claude Juncker, head of the eurozone finance ministers group, will visit Greece on August 22, the office of Greek Prime Minister Antonis Samaras said Friday.
Greece has been bailed out twice by the European Union and International Monetary Fund, with...
Economy
Samaras Will Boot New Democracy MP for Tweeting Criticism
ATHENS – A former Deputy Labour Minister under the ruling New Democracy party who stepped down last month to protest Prime Minister Antonis Samaras’ decision not to try to renegotiate harsh terms of bailouts with international lenders as he...
Economy
Greece Resumes Debt Talks With Inspectors
Greece's international creditors have called on Athens to provide more details on its 11.5 billion euro austerity plan needed to keep open funding lines to the country, a senior Greek government official said Thursday.
In the first meeting between a...
Greece
Muslim Minority of Western Thrace Asks for Modern Greek History to be Rewritten
The self-called Advisory Committee of the Turkish Minority of Western Thrace sent a controversial and provocative letter to the Ministry of Education asking for a change in the chapter on the Asia Minor catastrophe included in the elementary history...
Economy
Greek Coalition Partners Disagree, But Back More Austerity
ATHENS –After a tense showdown that threatened to break up an already uneasy coalition government, Greek Prime Minister Antonis Samaras said on Aug. 1 that he had convinced his reluctant partners, PASOK Socialist leader Evangelos Venizelos and Democratic Left...
Cyprus
Troika Likely to Seek Cyprus Cut in State Payroll
International lenders negotiating a bailout for cash-strapped Cyprus are likely to seek cutbacks in its public payroll and some increases in taxation, the Cypriot finance minister said on Tuesday.
Officials from the International Monetary Fund, European Commission and European Central...
Economy
Cash Running Out, Samaras Meets Troika for Urgent Budget Talks
ATHENS – With signs that his coalition government is fraying, Greek Prime Minister Antonis Samaras met for urgent talks on July 31 with officials from international lenders who are pressing him to make more cost-saving measures. Samaras was unable...
Economy
Greek Coalition Budget Talks Stymied, No Details on Cuts
ATHENS – Greek Prime Minister Antonis Samaras and his coalition partners missed their own deadline on July 30 to reveal the details of a $14.16 billion savings plan demanded by international lenders to keep rescue loans coming as the...
Economy
Golden Dawn Lawmaker Whips Corinth Mayor
ATHENS – With its lawmakers already charged with assaulting two rivals, the neo-Nazi Golden Dawn party is dismissing a second assault, that of Corinth Mayor Alekos Pnevmatikos with a whip by another of its Members of Parliament, Efstathios Boukouras,...
Economy
Greek Coalition Eyes More Pension, Wage Cuts to Close Gap
ATHENS – Days after Greek Prime Minister Antonis Samaras and his coalition partners said they would not again cut wages and pensions as part of a $14.16 billion savings plan to satisfy international lenders, they are reportedly ready to...
Economy
Samaras Says Greece Needs More Time But Won't Ask
ATHENS – With new estimates that a five-year-recession worsened by austerity measures demanded by international lenders has created a $37 billion gap in recovery plans, Prime Minister Antonis Samaras has given Greece’s creditors a letter explaining that the country...
Economy
Piraeus Bank Takes Over Ailing ATEbank
ATHENS – The Greek government has agreed to hand over the performing loans and healthy assets of nearly-insolvent state-run ATEbank to the privately-run Piraeus Bank to keep it from closing, but the toxic assets will be given to the...
Economy
ECB, Eurozone Taxpayers Could Get 30% Greek Haircut
ATHENS – After stiffing private investors for 74 percent losses earlier this year on their holdings in Greek bonds, Greece may also give a so-called “haircut” of 30 percent losses to the European Central Bank (ECB) and the 16...
Economy
Greece Set to Slash Health Care, Welfare, Pensions, Salaries
ATHENS - Backtracking from campaign promises to hold the line on more austerity measures, Prime Minister Antonis Samaras was set to meet on July 27 with international lenders providing critical bailouts to Greece as his government is reportedly ready...
Greece
Was the Disqualification of Voula Papachristou from the Olympic Games Justified?
The incident of the disqualification of Greek champion Voula Papachristou form the Olympic Games of London due to a racist comment on twitter is part of a big conversation that has started in Greece after the recent national elections...