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French-Flagged Yacht Sinks Off Skyros Island; All Rescued

The Greek coast guard rescued eight people from a 200-foot French-flagged yacht as it was sinking in the Aegean Sea on Friday. The luxury yacht...

Greek Economy Slumps Further In Fourth Quarter

Greece was plunging deeper into recession at the close of last year, documenting the devastation of the country's economy even before new austerity plans...

Second Bailout Not Enough, Greece Needs Another $20 Billion

ATHENS – With a first bailout of $152 billion failing to slow Greece’s slide towards default, a second rescue package of $169 billion won’t...

Loverdos Bows Out of PASOK Race and Backs Venizelos

ATHENS – With the PASOK Socialist party imploding into near-nothingness and beset by infighting over who should be its new leader when former Prime...

Merkel Now Doubts That Greece Can Be Saved

ATHENS – After backing Greece to the hilt for nearly two years, and additionally ensuring the support of her country, which contributes the most...

PASOK Loses Support as Papandreou Clings to Power

ATHENS – As former Prime Minister George Papandreou’s PASOK Socialists have fallen to new lows in surveys that show the party is in danger...

Divide Emerges Between IMF and EU Over Failed Greek Austerity Measures

ATHENS – Some 21 months after Greece began to impose harsh pay cuts, tax hikes, slashed pensions and scores of thousands of layoffs of...

Merkel and Sarkozy Urge Greece to Take Action as Default Risk Grows

ATHENS – Greece is nearing the cusp of defaulting on its loans and going under because its political leaders have failed to implement structural...

Turkish Freighter Sinks in Greek Waters

Greek authorities have confirmed that a Turkish freighter has sunk 18-miles northeast of Samos Island in the Aegean Sea and all 12 crew members...