Politics
Economy
Greeks Bracing for Another Round of Tax Hikes
As Greeks struggle through a Christmas season shorn of much of their bonuses, the government is[...]
Greece
Papademos Supported By Majority Of Greeks – Poll
Recently appointed Greek Prime Minister Lucas Papademos enjoys the support of the majority of Greeks with four in 10 saying he should remain at the helm of the country for the next few years, poll results published Sunday show.
According...
Economy
Greece’s Investors Reluctant to Take a Bath
ATHENS – Only a day after Greek officials said they were optimistic about reaching an agreement with banks and investors to write down as much as 50 percent of the country’s debt, reports said many are balking at the...
Economy
Troika Tells Greece: Action, Not Talk
ATHENS – Official from the Troika of international lenders keeping Greece on economic life support with rescue loans will wrap up a 10-day visit here on Dec. 18 and said they want some firm proposals on demands to further...
Greece
Six in 10 Greeks Want Elections by February, MRB Poll Shows
Six in 10 Greeks say elections should be held by Feb. 19, a date tentatively set during government-formation talks last month, an opinion poll showed.
Of the 2,000 people questioned Dec. 1-8 by MRB, 26.7 percent said elections should be...
Greece
Elections And New Measures Cause Government Turbulence
Greek government’s tenure is determined by the work to be done, said spokesman for Greek PM Lucas Papademos, in an attempt to deal with the ministerial paralysis due to an unofficial pre-election period.
Infrastructure Minister Makis Voridis, a LAOS MP,...
Greece
Former General Secretary of Greek Finance Ministry Says Entrenchment Cases Give Boost to Tax Evasion
The former General Secretary of Information Systems of the Greek Finance Ministry, Diomidis Spinellis talked about corruption in Greece and the '4-4-2 system' (or 40%-40%-20%) that is a common secret in the field of tax evasion in Greece.
According to...
Economy
Greece: The Incredible Shrinking Country
ATHENS – Even as interim Prime Minister Lucas Papademos, who is leading a temporary coalition government, insisted that he’s on track to keep international aid coming and eventually right the technically-bankrupt country, statistics show the economy is contracting worse...
Economy
IMF Says Greeks Taxed-Out; 150,000 Will Lose Their Jobs
ATHENS – Buried under waves of austerity measures, beleaguered Greeks shouldn't have to suffer any more tax hikes, one of its principal international lenders, the International Monetary Fund, said, but the government is still proceeding with plans to reduce...
Greece
Politicians Revive Elections Talk
Just seven days after the enactment of the new budget plan, PM Lucas Papademos plans to convene a cabinet meeting in order to speed up implementation of government’s work.
This development confirms assessments that the government has sunk into inaction...
Greece
Anna Diamantopoulou Says Papademos Government Must Be Given Time
Greek Prime Minister Lucas Papademos must be able to reshuffle his Cabinet and be given time to implement budget cuts to avert an economic collapse, Education Minister Anna Diamantopoulou said.
“The prime minister must have the option of a reshuffle,...
Cyprus
President of Cyprus Says Meeting with Eroglu a Failure
Cyprus has been divided since 1974 when Turkey invaded and occupied its northern third. The leaders of the two communities in Cyprus are currently engaged in UN-led negotiations with an aim to reunify the island.
President of the Republic of...
Economy
Troika’s Next Target: Cut Private Sector Salaries
Even as Greece’s public workers continue to struggle under waves of pay cuts, tax hikes, slashed[...]
Economy
More Greeks Killing Themselves: Europe’s Fastest Increase
Four years of recession and more than 18 months of pay cuts, tax hikes, slashed pensions and coming layoffs by the thousands are taking their toll in a deadly way as the rate of increase in suicides[..]
Cyprus
Christofias: Cyprus EU Presidency will be European and Objective
The Republic of Cyprus will hold a European and objective presidency of the Council of the EU in the second half of 2012, President of Cyprus Demetris Christofias has stressed.
In his intervention at the European Council which wrapped up...