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Scandalized Proton Bank Gets Nationalized
ATHENS - The National Bank of Greece has moved to take over Proton Bank, a small lender that is under investigation for possible violation...
Euro-zone Summit Delayed Until October 23
After a round of consultations last week and over the weekend, inter alia with the Presidents of the Commission and the Eurogroup, on developments...
EU Mulls 60-per-cent Greek Debt Cut as Merkel, Sarkozy Meet
Eurozone members were considering a possible Greek debt write-down of up to 60 per cent, German negotiators told dpa on Sunday, hours before German...
Venizelos: Greece Has Until Mid-Nov to Get Loans
Greece has enough money to pay all bondholders as well as pensions and salaries until mid-November, said Finance Minister and Deputy Prime Minister Evangelos...
Euro Zone Postpones Greek Loan
Eurozone finance ministers have delayed a decision on giving Greece its next instalment of bailout cash.
It came after Greece said it would not meet...
Leading German Politician Calls for Greek Eurozone Exit
A top official from Chancellor Angela Merkel's Bavarian sister party called Sunday for debt-mired Greece to exit the eurozone, as Germany's leader fights to...
Japan Willing to Financially Aid Greece
Japan is willing to purchase more bonds from the EFSF in order to share the burden of the Greek debt, said Finance Minister Jun...
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[...]
Fitch: Greece to Default But Will Not Leave Euro Zone
Fitch Rating Agency has published a report today containing a description of the present situation in the Eurozone and a possible scenario should Greece...
Fake Deficit Employed to Impose Harsh Austerity Measures
According to Zoe Georganta, Professor of the University of Macedonia and until recently member of the board of directors of the Hellenic Statistical Authority...


