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Germany’s EU Commissioner Wants Greek Administrators Replaced

As Greek officials admitted the nearly-broke country will be out of cash to pay its workers in mid-October without the next round of scheduled...

Greek Orthodox Church in Athens Warns of Wave of Poverty

According to an extended article published on skynews, Greece will face a very tough situation this autumn, as a new wave of poverty is...

New Regulation On Capital Repatriation

The Ministry of Finance seeks new ways to convince depositors who have funds abroad to bring them back in Greek banks. After the substantial...

Finance Ministry Focuses Efforts on Outstanding 41.1 Billion Euro Tax Debt

Greece’s Finance Ministry on Friday announced that it will focus its efforts to boost tax revenues on 14,700 taxpayers with outstanding debts of more...

800 Greek Firms Moved to Bulgaria in 2011

Some 800 Greek firms have been registered in Bulgaria in the first half of 2011; many have moved north because of the crisis in...

PM Papandreou Chairs Medium-Term Economic Program Cabinet Meeting

The battle to save the country is continuing, and no cowardice can be forgiven in serving this patriotic duty, Prime Minister George Papandreou told...

Minister: Greek Economy to Shrink by Another 3 Percent in 2011

The Greek economy is expected to shrink by a further 3 per cent this year, Finance Minister Giorgos Papakonstantinou said Thursday, nevertheless pledging to...

Ministry of Finance Announces March 4th Debt Collection Deadline

Liability dues totaling 5.8 million Euros are owed by citizens living abroad with real estate property on fair market value territory of 283.8 million...

Government Proceeds with Privatization Program

Starting today, Greek government proceeds with the implementation of its privatization program regarding the sale of government stakes in banks, as well as of...

Greek Islands For Sale As a Result of Greek Debt

According to Bloomberg Businessweek, the Greek government is planning to sell some islands and other luxury properties to reduce the country’s debt. The only...