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Leaders Face Crunch Talks as Unions Strike

Greek leaders face crunch talks on Tuesday to secure a new international bailout and avoid a chaotic debt default, caught between EU demands that...

Greek Media Tragedy Leaves Hundrends of Journalists Unpaid

The next time a scandal about Greece’s financial woes is broken by the country’s domestic press, spare a thought for the reporter who wrote...

Political Leaders Meeting On Loan Deal Begins

A crucial meeting between Greece's political leaders on terms demanded by international creditors in exchange for further financial assistance started Sunday in Athens. Leaders from...

Canadian Ambassador Meets With Greek-Canadian Businessmen in Toronto

“This year, Canada is celebrating 70 years of friendship with Greece, since diplomatic relations between the two countries were officially established in 1942”, stated...

Second Bailout Not Enough, Greece Needs Another $20 Billion

ATHENS – With a first bailout of $152 billion failing to slow Greece’s slide towards default, a second rescue package of $169 billion won’t...

Papademos To Meet With Party Chiefs Over Loan Deal

Greek Prime Minister Lucas Papademos has launched a bid for broad political backing for the painful reforms needed to get a new loan deal,...

Josef Ackermann Says Greek Default Would Be ‘Playing With Fire’

The economic and political consequences of Greece defaulting instead of reaching a voluntary debt-restructuring deal are being underestimated, Deutsche Bank AG (DBK) Chief Executive...

Bloomberg: ECB Says "No" to Haircut on its Own Greek Debt

The European Central Bank remains firmly opposed to any restructuring of its Greek bond holdings, as the debt was acquired for monetary policy purposes,...

Wage Talks Postponed As Protesters Storm Meeting

The first round of wage talks between Greek employers' groups and the private-sector umbrella union, GSEE, were postponed Wednesday after protesters stormed the meeting. The...

Venizelos Aims for Debt Swap Offer Feb. 6 – Feb. 10

Greece will resume talks with the Institute of International Finance on Jan. 18 on a debt swap accord and aims to present the outline...