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Papandreou: Greece Will Deliver On All Its Pledges

Prime Minister George Papandreou said he can "guarantee" that Greece will deliver on all the austerity pledges made for its first EUR110 billion rescue program, and reaffirmed that the country will reach[...]

Greeks Gird for More “Blood and Tears” Economic Hits

With Greece still poised on the edge of bankruptcy and growing predictions the country will fail, Prime Minister George Papandreou said he will institute...

Greek Workers Threaten Action Strikes, Papandreou’s Security Bill In

ATHENS – As the Greek government readied more pay cuts and tax hikes for the country’s beleaguered workers, middle-class, poor and pensioners, the main...

Sarkozy, Merkel 'Convinced' Greece to Remain in Euro Area

Greece is an "integral" part of the eurozone, the leaders of Greece, France and Germany said in an emergency teleconference Wednesday night that aimed...

Greece Stops Paying Bills

Strapped for cash and facing the prospect of being unable to pay workers without the next installment of rescue loans from international lenders, Greece...

Greek Debt Out of Control – Parliament Experts

Greece's debt has run out of control and government policies are failing to restore finances, an independent parliamentary committee of experts wrote in a...

Rise in New Companies Set up by the Young

The number of new companies set up in May and June showed a significant increase, especially in companies set up by young people. The...

6000 Teachers Retire, 600 Are Appointed this School Year

According to an article of the Greek newspaper “Ta Nea”, Minister of Education Anna Diamantopoulou announced that for this school year, only 600...

PM Papandreou: 'Reforms Must Go Ahead'

Prime Minister George Papandreou stressed on Wednesday, July 27th, that Greece must proceed with the major reforms planned, with the main target of creating...

Greece Seeks new Bailout by Late August

Finance Minister Evangelos Venizelos said on Tuesday that he hoped the European Union would conclude talks on a second bailout for Greece by the...