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Troika Officials Resume Discussions in Athens

Troika junior officials arrive in Athens on Monday to record the execution course of the Memorandum in the third quarter in 2010. Talks with...

Prime Minister Papandreou Cites Major Structural Changes

On Monday Prime Minister George Papandreou referred to major "structural changes" envisioned for the country, writing on his webpage, a statement echoed the same...

Slovakia Rejects Bilateral Loan Supporting Greece

Slovakia's parliament rejected the bilateral loan worth 816 million euro to debt stricken Greece, heeding recommendations of the new centre right government. The bill on...

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...

Provopoulos: Greek Banks Have Adequate Capital

In an interview published in the Wall Street Journal, Greek Central Bank chief, G. Provopoulos said Greek banks had sufficient capital to see it...