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Papademos Gave Up Salary, Rejects Bailout Commissioner
ATHENS - Greece’s interim Prime Minister Lucas Papademos says he gave up his salary as soon as he was appointed three months ago –...
Greek Companies Urge Europe: Give Greece a Chance
ATHENS – As Greece takes regular bashings in media around the world and is struggling to stay alive during an economic crisis and deep...
Greek Uncertainty Pushes Down Euro as Deadline Nears
The euro fell broadly on Monday on investor concern that Greek coalition parties had yet to sign off on the terms of a new...
Fitch Downgrades Cyprus, Italy, Spain, Ireland, Belgium, Slovenia
All the ratings have been removed from RWN, with the Negative Outlook on all six countries indicating a slightly greater than 50% chance of a downgrade over a two-year time horizon. The eurozone 'AAA' country ceiling has been affirmed for all six sovereigns
Eurozone Says Greece Will Get Next Loan Installment
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[...]
Another EU Task Force Descends on Greece
ATHENS – Already under the thumb of the EU-IMF-European Central Bank Troika which is requiring Greek Prime Minister George Papandreou to keep cutting workers...
Merkel Rejects Calls to Oust Greece
Amid growing dissent among her own supporters, German Chancellor Angela Merkel rejected Monday calls for Greece to be expelled from the eurozone, saying such...
Troika in Greece August 29
Troika may be visiting Greece again around August 29, in order to make a final decision regarding the 6th installment of the new...
Government Starts Race Against Time
The Greek government has entered a race against time in order to implement the reforms required to kick-start the economy and render the public...
George Papandreou States to OECD Roundtable: "Leave us Alone to Work…"
Greek Prime Minister George Papandreou stressed in Paris on Wednesday that: "It is Greece's responsibility to solve its crisis". He added, "Greece is not...


