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Greek Banks Raise Saving & Lending Interest Rates

Greek banks raised their saving and lending interest rates in June, which reflects limited liquidity in the domestic banking system, stated The Bank of Greece on...

Tourism’s great battle

It is both agonizing and exciting to see the Greek tourism sector battling to survive at this time. On the one hand, it is...

Slovenia supports Greece

The Slovenian National Assembly on Tuesday passed a bill enabling the country to participate in the European Union's bailout package for Greece. Nevertheless, both supporters...

Eretria shocked by yesterday's bloodshed!

The 56 years old Panagiotis Simosis shot and killed  three people yesterday in a traditional tavern  in Eretria because of economic differences. Andreas Karmiris...

Roubini: Time to face reality over Greece's debt

Greece needs an orderly restructuring of its public debt to head off an "inevitable default", says New York University professor Nouriel Roubini, the man...

Greece on track with reforms, IMF, EU, ECB say

Debt-ridden Greece is on track with the reforms required as part of the rescue package that saved it from bankruptcy, a delegation from the...

FinMin: Econ program progressing well

Finance minister George Papaconstantinou said on Friday that the second and third tranches of the EU-IMF support mechanism loans for the Greek economy are...

Man Sets Himself on Fire in Greek Bank

Greek police say a man has set himself on fire inside a bank in the northern port city of Thessaloniki to protest his financial...

US Senate votes no on IMF aid to troubled nations (like Greece!)

Senator Orrin Hatch (photo), R-Utah, and Senator John Cornyn, R-Texas, are cosponsoring an amendment to the financial regulation bill to restrict U.S. participation in...

Greek Parliament Passes Austerity Measures

The crucial Greek austerity bill has been passed by parliament. The cuts it will bring are needed to release funds in 110 billion euro (£94...