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If the U.S. Takes a Hit, Blame it on Greece
As Americans watch the unfolding Greek crisis, they may think it can’t touch them, but there are many aspects of the meltdown that could...
PNO Announces Four-Hour Strike on Labor Day Holiday in May
The Panhellenic Seamen's Federation PNO announced on Tuesday that a four-hour work stoppage will take place on the Labor Day holiday, May 1, for...
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...
Fitch's Downgrades Greece to "Restricted Default" After Bond Swap
ATHENS – The deal in which Greece forced investors to take 74 percent losses so that the country could write down $134 billion in...
Merkel and Sarkozy Urge Greece to Take Action as Default Risk Grows
ATHENS – Greece is nearing the cusp of defaulting on its loans and going under because its political leaders have failed to implement structural...
Pension Battle Cracks the Greek Coalition
ATHENS – Interim Prime Minister Lucas Papademos’ six-week old shaky coalition government is showing signs of splitting over a refusal by the conservative New...
Cabinet Meeting To Discuss On Reduction Of Supplementary Pensions
Greek Labour Ministry and Troika postponed the discussion on critical issues of derail of pension funds’ finances and new interventions until January.
Troika’s officials stressed...
Greece’s Investors Reluctant to Take a Bath
ATHENS – Only a day after Greek officials said they were optimistic about reaching an agreement with banks and investors to write down as...
Deal Reached for 50% Haircut – Full Text of Euro Summit Statement
All eyes in Greece were firmly fixed on Brussels last night as the latest attempt by EU leaders[...]
Papandreou: We Don’t Get No Respect
Battered at home and throughout Europe, Greece deserves some respect for its efforts to overcome its economic crisis, Prime Minister George Papandreou said, asking...


