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Piraeus Bank to Proceed with a Capital Increase in Cash

On Friday Piraeus Bank said it will proceed with a capital increase in cash via the offering of pre-emptive rights to existing shareholders, for...

Greek Finance Minister; 2009 Deficit Above 15%

Greece's 2009 budget deficit will be more than 15% of GDP after revision. This was announced today by Greek Finance Minister Giorgio Papaconstantinou, quoted...

ND Spokesman Panagiotopoulos Criticizes Papandreou's Interview

In a statement issued by New Democracy spokesman Panos Panagiotopoulos after PM Papandreou's interview appearance, he lashed out on the Greek premier's statements. Panagiotopoulos claimed: "...

Papandreou Claims No New Salary Cuts or Taxes

Prime Minister George Papandreou on Wednesday assured that there will be no further burden placed on salary and pension earners or an increase in tax...

Turkish PM Travels to Athens to Meet with Papandreou

An extensive exchange of views on bilateral and multilateral issues will be discussed between Turkish Prime Minister Tayyip Erdogan and Greek Prime Minister George Papandreou during...

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...

PM stresses importance of 'green energy'

The importance of green energy with respect to jobs and growth, and also Greek-Chinese relations in the context of the EU-China cooperation...

Warm welcome by the local Greek American Community to Papandreou

On Wednesday, the Prime-minister attended a reception in his honour at the Greek Consulate, where he received a warm welcome by the Omogeneia. In...