Politics

Greek newspapers expressed fears Monday for the future of the country's banking sector if debt writedowns of 50 percent proposed by European leaders went ahead. "Major haircut - we are playing with fire" cautioned the pro-government daily Ta Nea. A haircut...

The head of the task force for Greece will visit Athens Tuesday and Wednesday, the European Commission said Monday. Horst Reichenbach will meet the country΄s Finance Minister Evangelos Venizelos, as well as an adviser to the prime minister, the commission...

The debate about the haircut of Greek debt has a new dimension, as a large proportion of banks involved in the negotiations expressed the view that the policymakers’ threat of a haircut by 60% would happen without the willingness...

ATHENS – Protests didn't work. Riots didn't work. Strikes didn't work either, but Greek workers say they’ll walk off their jobs again this week anyway, fed up with another round of austerity measures they said have crippled their present and destroyed their future. Although garbage collectors...

Any solution for further reducing Greece's debt burden must be voluntary, a Greek government official said on Sunday following a meeting of EU leaders to try to find a solution to the region's debt crisis. Private sector holders of Greek...

Prime Minister George Papandreou on Sunday stepped into a crunch EU debt crisis summit urging Europe to "act decisively and effectively" to contain troubles threatening the continent and beyond. "It's been proven now that the crisis is not a Greek...

There’s something noticeably ironic about the fact that the current European crisis began in Greece[...]

BRUSSELS - Officials of the Eurozone, the 17 countries who use the euro as a currency, have confirmed that banks and investors in Greece will lost at least half their money even as speculation built they could lose everything. Eurogroup...

Mike Rann retired as Premier of South Australia after 9 1/2 years yesterday. He was the last of the Labor premiers to sit around the Council of Australian Governments table with prime minister John Howard, who faced wall-to-wall labor...

According to the German daily newspaper Die Welt, the German government has not ruled out the possibility of postponing the EU summit planned for this Sunday. The summit had already been postponed from 17 October, while the EU, IMF and ECB...

The first batch dreaded new “emergency” property tax statements being put into electric bills under the threat of having power turned off – or even garnishing wages and seizing properties for non-payment – has been sent off to Greeks...

After weeks of worry, Greek officials were told Oct. 21 that a critical $11 billion loan installment as part of a $152 bailout to keep the country from going bankrupt[...]

President Demetris Christofias and Turkish Cypriot leader Dervis Eroglu meet Friday in the context of the ongoing UN-led peace talks, for a solution to the Cyprus problem. This is the last meeting between the two community leaders before next week’s...

Chief Appeals Court Prosecutor Spyros Mouzakitis has launched an investigation into the circumstances surrounding the recent resignation of Diomidis Spinellis, the General Secretary of Information Systems at the Finance Ministry, who was said to have quit because fines imposed...

The Greek parliament has given its final approval to the latest package of austerity measures. The new measures include pay and staff cuts in the civil service as well as pension cuts and tax hikes for all Greeks. Former Labour Minister...