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Vanishing Cyprus: Bank Domination

What the people of Greece are going through is certainly a crime against humanity! We are seeing a human tragedy unfolding in front of...

Nobel Winner Pissarides Says No Default, But Big Haircut

As Greek leaders are admitting that the country’s investors won’t get paid back all they are owed, Cyprus’ Nobel Prize Winner for Economics Christopher...

Slovakia Blocks Greek Rescue Fund

The Slovakian government has blocked plans to expand the European bailout plans, although international lenders are still expected to give Greece a loan next...

Deputy Prime Minister of Turkey Says Default Must Be Avoided

Deputy Prime Minister of Turkey Ali Babacan stated on Thursday that Greece should not be allowed to face a sovereign default because its massive...

Greek Crisis Threatens Eurozone Survival

ATHENS – As speculation intensified that Greece would default, the crisis that has gripped the country for 18 months, setting off protests and riots...

European Commission Task Force Arrives In Athens

A European Commission Task Force, headed by Horst Reichenbach, launches officially today initiatives to support Greece proceed with reforms. This Task Force is considered more...

Greece Urges Swift Action On European Debt Crisis

Prime Minister George Papandreou said Friday that Europe must act swiftly to address the continent's widening debt crisis, saying that the rout in global...

Anarchists Convicted over Letter Bombs

Anarchists who posted letter bombs to European leaders including German Chancellor Angela Merkel were Tuesday found guilty of extremist acts by a special court...

EC President Proposes To Frontload EU Funds To Greece

European Commission should find ways to front load and accelerate EU money, so that Grece gets the benefit now, EC President José Manuel Barroso...

Papandreou Meets with Eurogroup President & European Commission President, Brussels

Prime Minister George Papandreou is scheduled to fly on Monday to Brussels, where he will have meetings with Eurogroup president Jean-Claude Juncker and with...