Politics

The state and federal government of Victoria is encouraging Greeks who are suffering under the burdens of the debt crisis plaguing their country, to migrate to Australia in search of a new job and better life prospects, according to...

Foreign Minister Erato Kozakou Markoullis has protested the continuous violation of the rights of Greek Cypriots, enclaved in the island’s northern Turkish occupied areas. Addressing an informal meeting of her EU counterparts, she said that since the 1974 Turkish invasion...

ATHENS - New Democracy Conservative leader Antonis Samaras, confident his party will prevail in upcoming elections, has urged Greeks to give him a mandate so that he doesn’t have to form a coalition government with his bitter rival PASOK...

Greek Finance Minister Evangelos Venizelos will run unopposed for the leadership of the Socialists, party officials said on Sunday, as the political focus shifts towards a parliamentary election now that Athens has secured a bond swap deal. Venizelos, 55, won...

The notion that Germany is seeking to "occupy" Greece or control Europe through its economic might is "stupid", German Finance Minister Wolfgang Schaeuble told a Greek daily on Sunday. Schaeuble added that Berlin is "ready to do whatever is asked"...

Greek Finance Minister Evangelos Venizelos said his socialist Pasok party, which is preparing to elect a new leader March 18, will defy polls showing a slump in support. “Our goal is victory, Pasok as the first party, upsetting the polls,”...

Greek socialist leader George Papandreou on Saturday formally stepped down to enable his struggling party to elect a successor in time for a snap election expected next month. "The time has come for me to wage my battles from other...

ATHENS – With the biggest restructuring of public debt ever agreed upon, writing off $134 billion in Greece’s debt but at the cost of a technical default, interim Prime Minister Lucas Papademos said he doesn’t want Greece to return...

ATHENS – The deal in which Greece forced investors to take 74 percent losses so that the country could write down $134 billion in debt came with a price: being declared unsafe for creditors. The Fitch ratings agency downgraded...

ATHENS – After long delays, Greece has reached an out-of-court settlement with German engineering firm Siemens, which was charged with bribing politicians in return for lucrative government contracts. Siemens, which reportedly was overpaid $2.6 billion, has agreed not to...

The new haircut on Greek bonds decided on Friday morning by the Greek Parliament has centered the attention of international media across the world. In their breaking news reports, BBC, CNN, CNBC and Reuters welcomed the new bond swap...

Germany's finance ministry on Friday welcomed Greece's debt swap with private creditors calling it a "big step" towards stabilizing the country. A spokesman also said Greece had been handed a "historic chance" after 83.5 percent of its private creditors tendered...

The Institute of International Finance, a lobby group for the world's largest banks, welcomed the results of the Greek debt swap on Friday, saying it will help stabilize the euro-zone economy and allow Greece time to implement reforms and...

The President of the Hellenic Parliament, Mr. Philippos Petsalnikos, met with representatives from the Coordinating Committee of the Turkish occupied Karpass in Cyprus today. The delegation was accompanied by the Ambassador of the Republic of Cyprus to Athens, Mr....

The Greek government said it reached its target in the biggest sovereign restructuring in history, with a 95.7 percent participation rate among investors after it received approval to activate collective action clauses. Bondholders tendered 152 billion euros of Greek-law bonds,...