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

Greece’s Cabinet unanimously approved the government’s 2012 budget and plans to place 30,000 state workers in a labor reserve system, a government official said[...]

Given the poor finances of Greece, Danish extreme right-wing MP and Member of the European Parliament, Morten Messerschmidt has asked for the island of...

"You either keep your word and push the mid-term program immediately or you will not be given the next trench", said Troika officials to George Papandreou and Evangelos Venizelos. Surely it must[...]

Minister of Transport Yiannis Ragouss stated that the transport liberalization will go on as planned. According to the Transport Ministry’s law, anyone wishing to...

According to Reuters, Klaus Regling, CEO of the EFSF (i.e. European Financial Stability Facility) said during a discussion organized by the Social Policy Association...

Initial information indicates that the troika has interrupt discussion in Athens, without having completed its review of Greek economy for the release of the...

Greek government and senior troika officials have begun crucial negotiations for the disbursement of sixth instalment and the new loan agreement. EU/ECB/IMF representatives arrived...

The Cypriot Parliament voted for the first austerity measures. However, the rise of the TVA was postponed. The measures include salary and pension deductions for...

According to an article in the Financial Times, the second economic support package will be a waste of money due to the very...