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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...
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[...]
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:...


