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A massive restructuring of Greek debt, that will mean a deeper cut for private-sector investors, looks a lot more likely after the so-called troika...

The IMF warned Cyprus that its economy faces “substantial downside risks”. In its annual review on the Island’s economy, the IMF urged the government to intensify...

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

One of the winners of the 2011 European Union Prize for Literature announced on Tuesday at the Frankfurt Book Fair was Greek Kostas Hatziantoniou...

The Greek tourism industry will play a leading role in an effort to combat unemployment in the coming years, as the sector could create...

ATHENS - Property owners angry over a new "emergency" tax being put into their electric bills under the threat of having their power shut...

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[...]

ATHENS – As renters are asking for and getting lower rents and home sales and values are plummeting because of Greece's economic crisis, the...

Greek government presented a draft budget, which expects shrinking of tax revenue by 2.8% despite additional measures of €7.11 billion. The draft explicitly mentions the...

ATHENS - Wracked by recession, Greece will not meet deficit targets imposed by international lenders as a condition of a $152 billion bailout designed...