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IMF Approves EUR 2.2 Bln Loan Tranche For Greece

The International Monetary Fund Monday approved a EUR2.2 billion tranche of its emergency loan program for Greece, paving the way for the debt-ridden country...

Troika Loan on Hold, Xmas Bonus, Pensions at Risk

ATHENS – Greece’s interim Prime Minister Lucas Papademos, who is overseeing a shaky coalition of three parties, is trying to persuade international lenders to...

Lucas Papademos: Staying in the Euro Is Our Only Choice

The Greek parliament has begun debating the new coalition government’s policies ahead of a confidence vote on Wednesday and on Monday Lucas Papademos made...

Troika: Next Aid Tranche Probably Available In Early November

The sixth aid tranche would be released to Greece most likely in early November, said the Troika in a joint statement. Once the Eurogroup and...

Two Years in Power: Ten Things George Papandreou Has or Hasn’t Changed

From crushing ruling Conservatives party two years ago, Papandreou’s poll numbers have suffered a dramatic slump turning the Greek PM into a contemporary Diogenes of Sinope who instead of strolling around with a lamp looking for an honest man, he’s desperately looking for his voters- if there’s anyone left that is[...]

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[...]

Opposition Reacts Harshly to New Squeeze

The initial reactions of Greek opposition parties to the new austerity measures announced by the government after a lengthy meeting of the government commission...

Mentality of Palikaria Still Prevalent in Greece Today

The mentality of palikaria is still prevalent in Greece today. Palikaria literally refers to the bandits that roamed the countryside during the Ottoman occupation,...

9 in 10 Greeks Critical of Government

Nine in 10 Greeks are dissatisfied with the way the socialist government of Greek Prime Minister George Papandreou has handled the country's economic crisis....