Politics
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[...]
Australia
Greek-Cypriot Chef Cooks in Honor of Queen Elizabeth
Queen Elizabeth will be treated with Halloumi cheese and watermelon during the Leaders' Summit of the Member States of British Commonwealth that is going to take place on 29th of October in Perth.
The halloumi-decision was taken by a Greek-Cypriot...
Greece
Papandreou: New EU Aid Deal Buys Nation Time For Reform
Prime Minister George Papandreou said Thursday that a new aid deal for Greece, which also includes a 50% write-down of the country's debt, would give Greece time to enact badly needed reforms.
Speaking in a nationally televised address, Papandreou also...
Economy
Venizelos: No to Further Austerity Measures
''The presence of representatives from the Troika in Greece should be continued in order to avoid problems of communication''. Speaking to a press conference this evening, Greece's Finance Minister Evangelos Venizelos explained to reporters the decisions made concerning Greece's...
Economy
Protesters Boo Ministers During St. Demetrios Celebrations in Thessaloniki
Protesters booed and yelled slogans at two government ministers attending the festivities of St. Dimitrios Day in Thessaloniki October 26.
Defense Minister Panos Beglitis and Deputy Infrastructure Minister Yannis Magkriotis attended the city’s St Demetrios cathedral on the occasion of...
Greece
Potential Trade Cooperation Between Greece and China
During a meeting with the first Deputy President of Greece's New Democracy Party Dimitris Avramopoulos, China's top political advisor Jia Qinglin stated on Tuesday that China encourages its enterprises to invest in Greece, and is ready to strengthen cooperation...
Economy
Reichenbach Says Greece Needs Jobs, Growth, Competitiveness
Horst Reichenbach, who heads a European Union task force helping Greece with taxation issues and modernizing its bureaucracy, said the country will get the technical assistance it needs and that cooperation with Greek authorities was “firmly established.”
“There is great...
Economy
EU Decision Political Handling Still A Puzzle
The Greek government is engaged in exercises on paper for the political handling of the upcoming EU decision, seeking allies in the opposition, but fails –until now- to find any.
The government made it clear that it would seek to...
Economy
After the Haircut, What Next for Greece?
The signs are all there that investors have really given up on Greece: analysts no longer say “if” when[...]
Cyprus
Russia Interested in Cyprus EEZ Exploration
Cyprus state television reported that the Russian energy colossus Gazprom is interested in purchasing the exploration rights for natural gas and oil in the Exclusive Economic Zone (EEZ) of Cyprus.
At the same time, the state radio reported that “the...
Economy
Papandreou Calls for Unity as EU Seeks Debt Solution
Prime Minister George Papandreou called for unity across Greece's political spectrum Tuesday, as European finance ministers and leaders struggled to come up with a definitive solution to Greece's debt woes that won't drag down other EU nations as well.
A...
Greece
Venizelos: EU Deal will Need Big Majority
A new bailout for Greece, currently being hammered out by European Union leaders as part of a broader rescue package for the bloc, will need a qualified majority of at least 180 in Greece's 300-seat Parliament, Finance Minister Evangelos...