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Conservatives Soften Election Demands

Conservative New Democracy party signalled on Friday it would drop its insistence on holding elections in February, a move that would give Prime Minister...

Could Greece switch to dollar and avoid bankruptcy?

A study by the FED supports that if euro-less Greece doesn't want to sink in chaos, there must be a transitional phase (pegging) from the euro to the new drachma via the dollar.

Lecture on Greece’s Crisis in Montreal

Hellenic Canadian Federation of Québec in collaboration with the Hellenic Community of Greater Montreal organized a lecture titled 'Greece Under Debt Burden' that will...

Papademos Gets Confidence Vote from His Parliament

ATHENS - Interim Prime Minster Lucas Papademos, as expected, easily won a vote of confidence from the Parliament his fractious coalition government controls for...

Moody's Reviews Greek Covered Bonds For Possible Downgrade

Moody's Investors Service said Friday it is reviewing four classes of Greek covered bonds for possible downgrade, citing recent events it says have heightened...

Pissarides: Greek Decision to Hold a Referendum Detrimental for Eurozone

Cypriot Nobel economics laureate Christopher Pissarides has said that Greece decision to hold a referendum on its latest rescue plan will prove to be...

Papandreou’s Referendum Call Rattles Markets, Threatens Bailout

Greek Prime Minister George Papandreou’s surprise announcement will ask voters to decide the fate of international bailout loans and his wobbly Administration through a...

Harvard Professor Says Greece Will Exit Eurozone

A plan to wipe out 50 percent of Greece’s debt to international lenders is not enough to keep the economy from collapsing and eventually...