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Greece: The Incredible Shrinking Country
ATHENS – Even as interim Prime Minister Lucas Papademos, who is leading a temporary coalition government, insisted that he’s on track to keep international...
Call for Coalition Government to Stay On Until 2013
ATHENS – Following remarks from New Democracy party leader Antonis Samaras that elections tentatively scheduled for Feb. 19 will probably have to be rescheduled...
Greek Lawmakers Passed Austerity Budget
Greece's lawmakers passed next year's budget on Tuesday night. The budget extends tough austerity measures that have already left Greeks struggling as the country...
Venizelos Unveils Rosy 2012 Budget Draft
ATHENS – As Greece continues to teeter on the edge of bankruptcy and is surviving on a series of international loans, Finance Minister Evangelos...
Deal Reached for 50% Haircut – Full Text of Euro Summit Statement
All eyes in Greece were firmly fixed on Brussels last night as the latest attempt by EU leaders[...]
Troika Shocking Report on Greek Debt: Full Text
The European Commission, European Central Bank and International Monetary Fund have reported on the sustainability of Greece's debt.
Read the text of the report below:
Greece:...
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...
Two Years in Power: Ten Things George Papandreou Has or Hasn’t Changed
From crushing ruling Conservatives party two years ago, Papandreou’s poll numbers have suffered a dramatic slump turning the Greek PM into a contemporary Diogenes of Sinope who instead of strolling around with a lamp looking for an honest man, he’s desperately looking for his voters- if there’s anyone left that is[...]
Greece Sees a Half Trillion Dollar Deficit, More Taxes
ATHENS – As renters are asking for and getting lower rents and home sales and values are plummeting because of Greece's economic crisis, the...
As Greeks Rage, Merkel Says Germany Backs a “Strong Greece”
ATHENS – As Prime Minister George Papandreou’s PASOK Socialist Members of Parliament unanimously supported an emergency property tax as part of crushing new austerity...