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Two Out of Three Greeks Believe Insolvency Inevitable

Over two thirds of Greeks (67.3%) believe that Greece will not manage to stave off insolvency. This was shown in a quick poll conducted yesterday...

Greeks Gird for More “Blood and Tears” Economic Hits

With Greece still poised on the edge of bankruptcy and growing predictions the country will fail, Prime Minister George Papandreou said he will institute...

Mentality of Palikaria Still Prevalent in Greece Today

The mentality of palikaria is still prevalent in Greece today. Palikaria literally refers to the bandits that roamed the countryside during the Ottoman occupation,...

Sharp ND Criticism Over Property Surcharge

Main opposition New Democracy (ND) on Monday lashed out at the government over an extraordinary surtax on building properties it announced over the weekend,...

800 Greek Firms Moved to Bulgaria in 2011

Some 800 Greek firms have been registered in Bulgaria in the first half of 2011; many have moved north because of the crisis in...

PM Papandreou Chairs Medium-Term Economic Program Cabinet Meeting

The battle to save the country is continuing, and no cowardice can be forgiven in serving this patriotic duty, Prime Minister George Papandreou told...

Minister: Greek Economy to Shrink by Another 3 Percent in 2011

The Greek economy is expected to shrink by a further 3 per cent this year, Finance Minister Giorgos Papakonstantinou said Thursday, nevertheless pledging to...

Ministry of Finance Announces March 4th Debt Collection Deadline

Liability dues totaling 5.8 million Euros are owed by citizens living abroad with real estate property on fair market value territory of 283.8 million...