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Vanishing Cyprus – Consumerism

Unregulated globalization driven by an unquenchable thirst for consumerism can be considered one of the many contributing factors to the ravaging socio-economic turmoil of...

Papademos Urges Greece: Don't Waste This Chance

ATHENS – With the biggest restructuring of public debt ever agreed upon, writing off $134 billion in Greece’s debt but at the cost of...

Greeks Including Venizelos Reject Idea of EU Budget Czar for Greece

ATHENS – Starting with Finance Minister Evangelos Venizelos, whose position effectively would become moot, Greek officials said they will not go along with a...

Vanishing Cyprus: Eurozone in Tatters

The existing turbulent debt crisis in the Eurozone is only the tip of the iceberg before the real storm destabilizes the lives of millions...

Banking Sector to Shrink in Next Few Years

Greek bank officials are expecting the local credit sector to shrink rapidly in 2012 and the following years, as daily Kathimerini reports today. They...

Papademos Sworn In, New Coalition Government Faces Old Problems

ATHENS – Former European Central Bank Vice-President Lucas Papademos has been sworn in as the country’s interim Prime Minister, charged with keeping international aid...