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Samaras Tells Ministers: Jobs, Development Next

After winning approval from Eurozone finance ministers and the International Monetary Fund for the release of $56.7 billion of rescue loans as part of...

Eurogroup Statement on Greek Aid Deal

The Eurogroup members said Tuesday that creditors will be in a position to re-start the paying out of 43.7 billion euros in loans to...

Troika Not Discussing Greek Haircut

Greece's international lenders are not currently discussing the possibility of another debt restructuring, or "haircut", for the country, the coordinator for the euro zone's...

Troika Won't Back Down on Greek Austerity

International lenders are not relenting on demands that the Greek government push ahead with combined package of $17.45 billion in spending cuts and tax...

January – August Deficit Shrinks 34% From Year Earlier

Greece’s state budget deficit in the first eight months of 2012 beat the budget target and in August the country recorded a surplus for...

Bank of Greece: Recession Getting Worse, More Cuts Needed

ATHENS – Bank of Greece Governor George Provopoulos has given another dire warning about the country’s economy, foreseeing that the Gross Domestic Product (GDP)...

EU Says Greece Needs Still More Austerity

ATHENS – The era of austerity will have to continue in Greece, a European Commission report has said, adding that the new government after...

Greek Parliament OK's More Wage, Pension Cuts

ATHENS – The Greek Parliament has ushered in a continuing age of austerity for recession-battered Greeks, approving a government package of more deep pay...

Troika Shocking Report on Greek Debt: Full Text

The European Commission, European Central Bank and International Monetary Fund have reported on the sustainability of Greece's debt. Read the text of the report below: Greece:...