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Another Greek Strike Draws Yawns, No Violence
ATHENS – After 18 months of protests, riots and strikes, another walk off the job by Greek workers on Dec. 1 shut down many...
Papademos Pushes for Broader Parliamentary Support
ATHENS – Interim Prime Minister Lucas Papademos, in a bid to keep together a fractious coalition and get other splinter parties to support a...
Samaras Splits New Democracy Over EU Letter
A letter sent to European Union officials by New Democracy leader Antonis Samaras pledging his[...]
General Strike in Greece Set for Dec. 1
The new coalition government led by interim Prime Minister Lucas Papademos is not getting a reprieve from Greek workers, who will take to the streets on Dec. 1 to keep up their protest against austerity [...]
IMF Mum On Possible Papandreou Resignation
The International Monetary Fund declined to comment on speculation that Greek Prime Minister George Papandreou may resign Thursday, insisting uncertainty in the country must...
Greece’s Choice: In or Out of the Eurozone
As Greek Prime Minister George Papandreou was being cross-examined by European leaders on his stunning call for a referendum in his country on international...
Deal Reached for 50% Haircut – Full Text of Euro Summit Statement
All eyes in Greece were firmly fixed on Brussels last night as the latest attempt by EU leaders[...]
Greek Surtax Doubles, Tax Inspectors Set to Strike
A relentless wave of tax increases hasn't provided enough revenue to plug a deep hole in public finances, so a new supposed one-time “solidarity” surtax on income paid by Greeks will continue next year[...]
Nobel Winner Pissarides Says No Default, But Big Haircut
As Greek leaders are admitting that the country’s investors won’t get paid back all they are owed, Cyprus’ Nobel Prize Winner for Economics Christopher...
Scandalized Proton Bank Gets Nationalized
ATHENS - The National Bank of Greece has moved to take over Proton Bank, a small lender that is under investigation for possible violation...