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Euro Zone Postpones Greek Loan

Eurozone finance ministers have delayed a decision on giving Greece its next instalment of bailout cash. It came after Greece said it would not meet...

Leading German Politician Calls for Greek Eurozone Exit

A top official from Chancellor Angela Merkel's Bavarian sister party called Sunday for debt-mired Greece to exit the eurozone, as Germany's leader fights to...

Japan Willing to Financially Aid Greece

Japan is willing to purchase more bonds from the EFSF in order to share the burden of the Greek debt, said  Finance Minister Jun...

Papandreou: Greece Will Deliver On All Its Pledges

Prime Minister George Papandreou said he can "guarantee" that Greece will deliver on all the austerity pledges made for its first EUR110 billion rescue program, and reaffirmed that the country will reach[...]

Fitch: Greece to Default But Will Not Leave Euro Zone

Fitch Rating Agency has published a report today containing a description of the present situation in the Eurozone and a possible scenario should Greece...

Fake Deficit Employed to Impose Harsh Austerity Measures

According to Zoe Georganta, Professor of the University of Macedonia and until recently member of the board of directors of the Hellenic Statistical Authority...

Decision on New Greek Bailout Funds Delayed Until October

Eurozone chief Jean-Claude Juncker says the 17 countries using the European common currency have delayed until October a decision on an 8 billion-euro[...]

Germany Prepares for Greek Insolvency‎

German Finance Minister Wolfgang Schäuble is making preparations for a Greek insolvency, according to newsweekly Der Spiegel. His officials are reported to be preparing for...

Finnish Collateral Deal Needs Euro Zone Approval – Greek Finance Minister

Greek Finance Minister Evangelos Venizelos said Thursday that a deal under which Greece would provide Finland with collateral in exchange for fresh aid was...

3 Possible Scenarios for the Greek Crisis

The Greek government is confronting a great number of difficulties, with many issues pending at the same time. One of these is that negotiations...