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EU, IMF Set to Approve The Second Tranche of Aid to Greece
The European Union and the International Monetary Fund are expected to give the green light on Tuesday and Friday respectively for the release of...
Greek PM Seeks Consensus on Measures with Social Partners
Greek Prime Minister George Papandreou held a meeting with representatives of the Greek business world and labor unions on Thursday, seeking consensus on his...
80% of Greeks Pessimistic About The Future
Eight out of 10 Greeks are pessimistic about the short-term future of the economy but one in two are hoping for a return to...
George Papandreou in the UK newspaper Guardian
Greece is on a normalised road, prime minister George Papandreou opined in an interview with the UK newspaper Guardian, noting that in the nine...
20,000 euros in taxpayers' money on sex lines!
During that vital period of time for Greece a brand new economic scandal is revealed and has caused numerous reactions around the globe!
The...
Roubini: Greece Has To “Orderly” Restructure Its Debt – Krugman Says 50% Chance That Greece Leaves Eurozone
Greece should restructure its public debt “in an orderly way” in the coming 6 to 12 months, New York University professor Nouriel Roubini (photo)...
Man Sets Himself on Fire in Greek Bank
Greek police say a man has set himself on fire inside a bank in the northern port city of Thessaloniki to protest his financial...
US Senate votes no on IMF aid to troubled nations (like Greece!)
Senator Orrin Hatch (photo), R-Utah, and Senator John Cornyn, R-Texas, are cosponsoring an amendment to the financial regulation bill to restrict U.S. participation in...
President Obama Concerned about Greece
President Barack Obama stated in an interview released Saturday from Russia's Channel Rossiya that he was "very concerned" about the Greek debt crisis and...
Eurozone agrees on support mechanism for Greece
The leaders of the Eurozone countries decided in the early hours of Saturday to activate a support mechanism for Greece, Greek Prime Minister George...