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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...

Cab Strike Ushers in New Protests

The first reactions are starting to emerge to the decision taken by the Greek cabinet which - in response to pressure applied by the...

Greece Pledges to Accelerate Austerity

The Greek government, under the asphyxiating pressure of its European creditors, has decided in only a few hours what - according to local observers...

Frustrated Citizens back at Constitution Square Today at 19:00

With Greece still  teetering on the brink of bankruptcy and with  the package of spending cuts, tax increases and privatisations rolling, Greek frustrated citizens plan their next...

Grim Predictions on Greece from OECD

The Organisation for Economic Cooperation and Development has calculated the European Union’s rescue deal for Greece will only slightly reduce the country’s debt. In its...

Government Objectives at Risk, Says Deputy Minister

The objective of the Greek government to raise 50 billion euros from privatisations cannot be achieved, said Greece's Deputy Finance Minister, Pantelis Oikonomou, while...

Papandreou Confident New Bailout Package Will Go Ahead

Despite the fact that the Conservative Opposition refused to support the plan agreed between Greece and international creditors, Papandreou was confident that the package...

Speigel Magazine Article Fuels Fears that Greece Missed Fiscal Targets

While Euro zone policymakers argue over how to handle the mounting crisis, a new German report has fuelled fears that Greece may have missed fiscal targets set by...

PM Says Privatisation is Top Priority

In Corriere Della Sera, Papandreou listed measures already taken to improve the country's public finances, including public sector cuts and economic liberalisation and said...