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State Net Revenues Declined 9.1%

According to data available for the State Budget execution for the two months of January  and February 2011, on a fiscal basis, the State...

Greek Government Finalizes Mid-Term Package

Greek government calls up for the increase of revenue and restrain of expenditure, knowing that it would be forced to reopen the case of...

IMF: Major Reforms Still Needed For Greece

International Monetary Fund said on Wednesday that a medium-term budget strategy paper, which will set annual spending ceilings for individual line ministries and fiscal...

Greek Nat'l Tourism Organization to Close 9 Offices Abroad

Under a new plan, the restructuring will burden the state budget with 1.6 million euros to pay for compensation of personnel and relocation expenses. The...

Merkel Pulls Brake on Hopes of Lowering Greek Aid Cost

Chancellor Angela Merkel told German parliamentary leaders that it was unlikely she’d agree to cut interest rates on rescue loans to Ireland and Greece,...

Sam Voutas: A Fellow Greek Makes it in China

The actor, director and producer talks about making in China, his new film and his future plans that may include Hollywood. And in case you are wondering... yes he does speak Mandarin fluently.

Greek Stop-motion Animation Film “The Village” Makes it to Cinequest

Greek stop-motion animation short film The Village, written and directed by Greek animator Stelios Polychronakis will be screened at this year's Cinequest International Film...

Greek Commissioner Defies EU Model of Austerity

Maria Damanaki, the commissioner for maritime affairs, publicly distanced herself from European Commission policies that she says could lead to "social degradation" and called...

G. Papandreou: Greek Islands Are Not For Sale

Greek PM George Papandreou stressed that Greece will not sell any of its islands to reduce the country’s debt, according to Reuters. "Anything like that...

Merkel: Greek debt can be discussed in wider package

German Chancellor Angela Merkel signaled that European Union leaders may be ready to renegotiate the terms of Greece’s bailout as part of a broader...