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After weeks of worry, Greek officials were told Oct. 21 that a critical $11 billion loan installment as part of a $152 bailout to keep the country from going bankrupt[...]

State schools closed, hospitals running only on emergency staff, trash piling up, trains halted, metro and cabbies on strike, tax offices closed, customs officers walking out of their jobs, airlines grounded[...]

There has been an increase in Turks buying Greek yachts at low prices due to Greece's economic crisis. Over 300 people are in negotiations...

Strapped for cash and facing the prospect of being unable to pay workers without the next installment of rescue loans from international lenders, Greece...

George Soros, the US speculator turned billionaire philanthropist, has suggested both Greece and Portugal quit the European Union and the euro-zone because of their...

The government on Friday, 29 July, tabled three amendments to a draft bill on "Measures for Growth and Fiscal Reform" that legislate for the abolition...

A greater recession than expected has caused Greece’s central government deficit to widen by almost one third in the first half of 2011 already. As...

  According to a recent New York Times newspaper, a default by Greece would be a catastrophe for Greece, for its European creditor banks and for...

The Greek Parliament passed a second austerity bill on Thursday needed to receive crucial bailout loans to prevent defaulting on its debt. Despite violent...

General strike sees thousands of protesters gathering in the center of Athens, mostly workers who happily took time off from their jobs to protest against a new round of austerity reforms which must pass in two parliamentary votes on Wednesday and Thursday.