Politics

Greek PM George Papandreou said that unfortunately international community and the EU appeared very slow and divided in their reaction, in a message sent to the meeting of the Socialist International in New York. The word “unfortunately” confirms information that...

As inspectors for international lenders returned to Athens to determine whether to release an $11 billion loan installment needed to keep the country from going bust, International Monetary Fund chief Christine Lagarde said investors are weary of helping Greece. “If the Greeks do not want our advice[...]

As the drumbeat of default expectation grows in Athens, Europe and the United States, German Finance Minister Minister Wolfgang Schaeuble, whose country is footing the biggest part of a failed $152 billion bailout for Greece, said it will take...

After picketing their homes, jeering them, pelting them with yogurt, throwing bottles and stones at them, Greek citizens have taken to venting their frustration with the country’s economic woes by hurling eggs at politicians. Deputy Minister for Citizen’s Protection Manolis...

With the economic world holding its breath over fears that Greece will default, Finance Minister Evangelos Venizelos told an international audience of bankers in Washington, D.C. that his country[...]

According to a poll in the Sunday edition of the Proto Thema newspaper, the center-right New Democracy party holds a 5.8 percentage-point lead over the Socialists. A second poll in the Eleftheros Typos newspaper recorded a six percentage-point lead...

Even while Greek Finance Minister Evangelos Venizelos was busy in Washington trying to persuade everyone that Greece will not default, although it is drowning in debt and misery over deep pay cuts, tax hikes and slashed pensions while tax...

Government vice president, Theodoros Pangalos has stated that he disagreed with the exemption of the Church of Greece from taxation. Pangalos also stated that this was not the best time for the sale of the Public Power Corporation. In...

As Greece daily steps closer to defaulting on its loans, Finance Minister Evangelos Venizelos has[...]

Greece will do everything in its power in order to implement fully and on time all EU decisions of July 21. When asked to comment about articles in the press in regards to various scenarios that concern sovereign debt management,...

Liana Kanellis, an MP of the Greek Parliament appeared today evening at the Parliament and held a speech about the financial situation. To illustrate her point, the KKE (Greek communist party) member  brought bread and milk to the...

"You either keep your word and push the mid-term program immediately or you will not be given the next trench", said Troika officials to George Papandreou and Evangelos Venizelos. Surely it must[...]

In his interview to the Swiss newspapers “Tribune de Geneve” and “24 Heures”, the Vice President of the Greek government, Theodoros Pangkalos said that ca. 70,000 job positions in the public sector will be lost due to new merging...

The European Union will support Greece, but the debt-stricken country needs to do more to implement the promises it has made, the EU commissioner for economic and monetary affairs said Thursday. "An uncontrolled default or exit of Greece from the...

The initial reactions of Greek opposition parties to the new austerity measures announced by the government after a lengthy meeting of the government commission lasting over 6 hours are very harsh. Giannis Michelakis, the spokesman of Nea Dimocratia, the...