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Greek Vice-President: Drachma Return Talk “Immense Stupidity”
Vice-President of the Greek government Theodoros Pangalos blasted suggestions that Greece should exit the euro and return to the drachma as an “immense stupidity”.
In...
It's for Real; State Finally Puts its Companies and Assets on the Market
Whether the Greek people have fallen for the State's plans to privatize its companies and assets hook, line and sinker remains to be seen....
DEH Workers Strike Yet Again
New problems will soon be seen for Greek citizens due to repeated 48-hour strikes by workers from DEH, the Greek electricity company. It is...
Diplomatic Battle For Aid Tranche And New Loan Rages
In the shadow of the vote of confidence next Tuesday, Brussels anticipate the newly appointed Greek Finance Minister Evangelos Venizelos at Eurogroup meeting on...
Two Parliamentary Resignations Rock the Government
George Floridis, a 55 year old former deputy Finance Minister and deputy Hector Nasiokas both resigned from their positions in the government on Thursday. The...
Public Power Corporation: A series of rolling 48-hour strikes
As of the following Monday, June 20, the Public Power Corporation (PPC) staff union GENOP is scheduled to begin a series of rolling 48-hour...
Papandreou Claims Greece Doesn't Need More Loans to Survive
"Our aim is the continuous decrease of the deficits" stressed Prime Minister George Papandreou on Friday, in parliament during the "Hour of the Prime...
Cabinet Approves Austerity Measures
The Greek government on Thursday submitted to parliament the mid-term fiscal and privatization plan required by the EU and the IMF to put the...
Ruling Party Lawmakers Attack New Greek Bailout
The Greek government failed on Tuesday to persuade doubters in the ruling Socialist party to back a new bailout deal with the EU and...
Turks Can Now Buy Real Estate on Greek Islands
Greece has revoked a restriction on the sale of border-area real estate to non-EU nationals, effectively making it possible for Turkish citizens to buy...