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Lawmakers OK Firing Scheme, Samaras Warns His

The Greek Parliament, as expected, approved an amendment critical to implementing  a so-called mobility scheme in which workers will be transferred or fired, but...

Merkel Rules Out Second Debt Writedown in Greece as Too Risky

German Chancellor Angela Merkel rejected a second Greek debt writedown as officials weigh additional measures to prop up the bailed-out nation. “I’ve said repeatedly that...

Greece Needs More Cash This Year

An incoming series of 6.8 billion euros ($8.8 billion) in more international rescue loans should be just about enough to get Greece through the...

Cyprus Awaits Foreign Minister Venizelos

Greek Foreign Minister Evangelos Venizelos, who as finance minister in a previous Greek government imposed losses of 74 percent on investors and holders of...

AMCHAM Makes Investor Pitch In N.Y.

Some 28 Greek companies will be attending an investment forum in New York sponsored by the American-Hellenic Chamber of Commerce (AMCHAM) an event aimed...

Cyprus Exempts 4 Foreign Banks From Controls

With Cypriots still barred from taking out more than 300 euros ($390) per day from bank accounts as part of capital controls imposed by...

Kasoulides Says Cyprus EU's "Experiment"

Cypriot Foreign Minister Ioannis Kasoulides said the 10 billion euros ($13 billion) bailout being put up by international lenders at a big cost to...

Cyprus Gets Loan Break From Russia

Despite tension that flared when Cyprus said it would confiscate up to 80 percent of the deposits in state banks over 100,000 euros ($130,000)...

Venizelos Squeezed To Oust Papandreou

PASOK Socialist leader Evangelos Venizelos has reportedly been urged by party members to eject former Prime Minister George Papandreou, the man he replaced, for...

Cyprus Expected To OK Bailout Deal

Cyprus’ lawmakers are voting April 30 on a bailout agreement aimed at preventing the country from going bankrupt that includes 10 billion euros ($13...