Politics
Greece
Health Minister To Advise Papandreou Against the Referendum
Health Minister Andreas Loverdos will tell Prime Minister George Papandreou his call for a referendum is wrong and it shouldn’t be held, Proto Thema newspaper reported, without saying how it got the information. Loverdos, and two other members of...
Greece
Papandreou Called on to Resign by 6 Party Members
Six senior members of the ruling party called on Prime Minister George Papandreou to step down, state-run Athens News Agency reported, without citing anyone.
The members of the Pasok National Council sent a joint letter to Papandreou saying the country...
Greece
Milena Apostolaki Quits PASOK Group
A Greek governing party deputy defected on Tuesday over Prime Minister George Papandreou's sudden decision to hold a referendum on a European debt deal, leaving the Socialists with only a two-seat majority in parliament.
Socialist MP Milena Apostolaki declared herself...
Greece
The Rest Of Europe Is Fuming At Greece Right Now
French President Nicolas Sarkozy was reported to be “dismayed” by the news that Papandreou would call a referendum on the bailout deal. Sources close to Sarkozy said, “The Greek’s gesture is irrational and, from their point of view, dangerous.”...
Economy
Fitch: Greek Referendum Poses a Threat to the Eurozone's Financial Stability
Ratings says that the announcement by the Prime Minister of Greece of a public referendum to approve the economic and financial conditions associated with the new EU-IMF programme, including the debt restructuring under the 'private sector involvement' (PSI),...
Greece
Samaras: Will Try To Stop Referendum At Any Cost
General elections are a ''national necessity,'' Antonis Samaras, the leader of the main opposition New Democracy party told reporters following his meeting with President Karolos Papaoulias in Athens on Tuesday.
In a brief statement to the press, the leader of...
Economy
German Parliament Leader "Irritated" by Greek Referendum
A leader in Chancellor Angela Merkel's center-right coalition said on Tuesday he was "irritated" to hear Greek Prime Minister George Papandreou had called a referendum on the EU bailout deal for his country.
Rainer Bruederle, parliamentary floor leader for the...
Economy
Up to Eight bln Euros Paid in Bogus Pensions
Up to eight billion euros have been paid in bogus pensions in the past decade in Greece, director of the Social Security Foundation (IKA), Rovertos Spyropoulos said on Monday. Under immense pressure to cut spending and replenish empty state...
Economy
Greek Unemployment Hits 17.6% – and Climbing
Despite 18 months of pay cuts, wage hikes, and slashed pensions, a $157 billion bailout – and now forgiveness of half of its new debt – Greece’s unemployment rate has reached 17.6 percent, the second highest in the European...
Australia
Commonwealth Supports Cyprus
Commonwealth Heads of Government have underlined their full support for the territorial integrity of the Republic of Cyprus as well as for its sovereign right to explore and exploit any hydrocarbon reserves in its Exclusive Economic Zone (EEZ).
In their...
Economy
Greek Deal Must be a One Off: Trichet
The outgoing head of the European Central Bank, Jean Claude Trichet, has warned that there should be no repeat of last week's deal to reduce Greek debt.
He also said that Greece should have come under greater scrutiny before it...
Greece
Socialist International Meeting on Arab Spring Ends
Prime Minister and Socialist International president George Papandreou, after the end of the sessions of the Socialist International's conference in the city of Agios Nikolaos on the island of Crete at noon on Saturday, said that Crete is a...
Economy
Barroso: Pardoning of Greek Debt Won't Be Repeated!
This week's Eurozone agreement to remit 50% of the massive Greek state debt is "an absolutely unique and exceptional measure," stated EC President Jose Manuel Barroso.
In an interview for Portugese paper Expresso, the European Commission chief said that this...
Economy
Harvard Professor Says Greece Will Exit Eurozone
A plan to wipe out 50 percent of Greece’s debt to international lenders is not enough to keep the economy from collapsing and eventually forcing Greece to leave the Eurozone, the 17-country institution of members using the euro as...
Greece
Thessaloniki: Parade Got Gancelled-President of Greek Democracy Forced To leave
Carolos Papoulias, President of the Greek Democracy was forced to leave from the parade celebrating[...]