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Moody’s Puts 6 Greek Banks on Review for Possible Downgrade

Ratings agency Moody's today said it had placed the deposit and debt standing of six Greek banks, including several leading lenders, on review for...

Government Halts Funding for 2012 Olympians

Greece's Olympic hopefuls will be forced to rely on handouts from the International Olympic Committee.  This results in state cutbacks in funding for their...

Germany’s Bruedele: No Final Agreement On Extension Of Greece’s Maturities

Eurozone finance ministers have made no formal decision on extending maturities for Greece’s EU loans, the German Economics ministers said Wednesday according to MNI. "We΄re...

Greek-American Mother & Daughter Team Run Little Studio Films, Hollywood

They are maybe the only mother and daughter working as managers and distributors in Hollywood. Alexandra Yacovlef (daughter of Nicky Yacovlef who was one of...

German-Greek Industrial Association President Supports Greek Mobilization

An appeal for mobilization in support of Greece and strengthening of entrepreneurship in the country was addressed by the President of the German –...

EU to Decide on Euro Zone Debt Crises Changes Needed

EU members will decide on a permanent mechanism to resolve euro zone debt crises and possible changes to the EU treaty in December.  Reuters...

Ex-Prime Minister Denies Involvevment To Nation's Corruption

Former Greek Prime Minister Costas Simitis (photo) on Sunday dismissed as "nonsense" suggestions that he had been warned about the country's dire financial troubles...

2009 Deficit Could Surpass 14% of GDP

The agency Eurostat could raise its figures on Greek deficit for 2009, which could be above 14% of GDP, according to sources at the...

Laiki Bank Fundraiser to Assist Special Needs Children

Every year the radio-marathon in Australia hosts impressive receptions in the most glamorous halls.  This is in an effort to raise money on behalf...

Bloomberg: Europe’s Banks ‘Tied’ To Greek Debt

Even after the EUR110 bil. bailout scheme for Greece, and the massive EUR750 bil package for endangered EU member states, investors are wary about...