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Greek unions call sixth general strike for July 8

Greece's two main umbrella unions said Thursday that they have called for another general 24 hour strike for Thursday, July 8 over proposed pension...

Greek PPC sees price cuts, for some, of 5-15 pct

Greece΄s state run utility Public Power Corporation will ask for government approval to reduce prices (between 5 and 15 percent) for top-paying commercial clients...

Roubini: Time to face reality over Greece's debt

Greece needs an orderly restructuring of its public debt to head off an "inevitable default", says New York University professor Nouriel Roubini, the man...

Greek gov't denies report on sales of islands

Greek government spokesman George Petalotis sent an official letter to "The Guardian" newspaper on Friday, categorically rejecting a report published in the English daily...

The Pension Bill is Postponed

The government moved to Friday a planned cabinet decision on its pension system, saying some aspects of the reform were still on the table. Because...

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...

24-Hour Strike on June 29

On June 29 the Greek public and private sector unions will hold a general 24-hour strike, in order to, protest pension and labour reforms...

Greek gaming machines stage comeback amid economic crisis‎

Cash strapped Greece announced Tuesday it intends to remove ban on gaming machines to raise revenue, Reuters reported. “The regulative framework will soon be presented...

Moody's cuts Greece ratings to junk

U.S. markets pared their gains in late morning and on into the afternoon, after Moodys Investor Services analyst Sarah Carlson downgraded Greece’s sovereign debt...