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Venizelos Says Greece “Scapegoat” But Will Survive Crisis

With the economic world holding its breath over fears that Greece will default, Finance Minister Evangelos Venizelos told an international audience of bankers in Washington, D.C. that his country[...]

Mutiny Brewing in Papandreou's Party

ATHENS – A day after Greek Prime Minister George Papandreou announced a new wave of pay cuts, tax hikes and slashed pensions to satisfy...

European "Union": Goodnight and Good Luck, Greece

"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[...]

Government Announces New Austerity Measures‎

Government will cut pensions, extend a property tax hike and put tens of thousands of public workers on notice as part of a deal...

Back to the Drach? Papandreou May Let Voters Decide

ATHENS – As  pressure builds on Greece to default, Prime Minister George Papandreou is reportedly mulling a referendum to let the people decide whether...

EU Postpones Loan as Greece Runs Out of Money

ATHENS – Greek Prime Minister George Papandreou’s abrupt decision to cancel a planned trip to the United States to attend the United Nations General...

EU Wants Greek Private Sector Workers Pay Cut Too

  ATHENS – With public workers set for another barrage of pay cuts – teachers already bracing for a retroactive salary slash of 380 euros,...

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...

Greek Crisis Threatens Eurozone Survival

ATHENS – As speculation intensified that Greece would default, the crisis that has gripped the country for 18 months, setting off protests and riots...