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Greek Government Announces Fuel Prices

This morning the Greek government announced cappings on fuel prices.  The mandates will be applicable by geographical zones through a joint ministerial decision of the ministries...

German Experts Comment on Greek Debt Crisis

Greece austerity measures cannot prevent default and will lead to a breakdown of political order if continued for long, a leading German economist has...

Ionian Sea shaken by earthquake

Today, at 13:23 p.m the Ionian Sea was shaken by a big and alarming earthquake measuring 5.4 on the Richter scale, which made the...

Slovakia Rejects Bilateral Loan Supporting Greece

Slovakia's parliament rejected the bilateral loan worth 816 million euro to debt stricken Greece, heeding recommendations of the new centre right government. The bill on...

FinMin: 2011 'year of hard work'

Next year will be a year of 'hard work' for the government, finance minister George Papaconstantinou said in an interview, referring to the big...

Greek Deputy Prime Minister Theodoros Pangalos about crisis

The Greek Deputy Minister gave an interview to the Economic Observer, the English Version of a Chinese newspaper talking about various subjects. Concerning the pension...

Greek Trade deficit slightly down

Greece's trade deficit totaled 8.9 billion euros in April 2010, down 700 million euros compared with the same month last year, Eurostat said on...

Slovenia supports Greece

The Slovenian National Assembly on Tuesday passed a bill enabling the country to participate in the European Union's bailout package for Greece. Nevertheless, both supporters...

Russia sees Greek debt “restructuring"

According to AFP, Alexei Kudrin (photo), Russia's finance minister Saturday said he expected Greece to require a restructuring of its debt by creditors. He...