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Austrian Finance Minister: Greece Will Receive Next EU Bailout in January

Austrian Finance Minister Josef Proell said on Wednesday that Greece will receive its next tranche from the EU-backed bailout package in January instead of...

EU Economic Affairs Commissioner Rehn's Statements on Greece

Greece may be required to make additional austerity cuts in order to meet 2011 budget deficit reduction targets, the EU's Economic Affairs Commissioner Olli...

Ex-Prime Minister Denies Involvevment To Nation's Corruption

Former Greek Prime Minister Costas Simitis (photo) on Sunday dismissed as "nonsense" suggestions that he had been warned about the country's dire financial troubles...

Greek crisis could have been avoided: Juncker

Eurogroup chief Jean-Claude Juncker said Friday that Greece's financial woes were well known among top EU officials but kept quiet until the crisis erupted...

EU, IMF Set to Approve The Second Tranche of Aid to Greece

The European Union and the International Monetary Fund are expected to give the green light on Tuesday and Friday respectively for the release of...

Prime Minister Meets with Leading Delegates Concerning Finance

Prime Minister Papandreou's meeting with Finance Minister  Papantoniou and the Governor of the Bank of Greece  Provopoulos centered on the state budget, deviation in...

European Commission Approves 2nd Loan Tranche to Greece

The European Commission announced today that Greece has successfully committed to the conditions of the memorandum and approved the second loan tranche by Eurozone...

Flattering Financial Times Article on Papandreou

The German edition of the "Financial Times" refers to Greek Prime Minister George Papandreou and the austerity measures he took to take the country...