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Finance Minister Intends to Sue "Proto Thema" for Article

Finance Minister Yiorgos Papakonstantinou intends to sue the newspaper "Proto Thema" for libel over its front-page article headlined "Express Service Minister", according to an...

Papandreou Optimistic Following EU Summit

Greek Prime Minister George Papandreou comments on European Union leaders’ approval of a permanent debt-crisis mechanism for euro-area countries starting in 2013. Papandreou spoke to...

Low Expectations for Greece in Brussels

The resignation of Portuguese government late Wednesday weighs on the European Union Summit that starts today, as the country seems very close to resorting...

Greece's Participation in Operation against Libya Costs 1 Million Euros Daily

The military operation against Libya has hardly started, yet a Greek television channel reported that the country’s war participation will cost one million euros...

Government's Unpaid Bills Reach 5.3 Billion Euros

The Greek government owed 5.35 billion euros to private companies and residents at the end of last year, daily Kathimerini reports today, quoting Finance...

IMF: Major Reforms Still Needed For Greece

International Monetary Fund said on Wednesday that a medium-term budget strategy paper, which will set annual spending ceilings for individual line ministries and fiscal...

Moody΄s Downgraded OTE To Baa3 From Baa2

Moody΄s Investors Service said on Tuesday it downgraded the long-term issuer rating of Hellenic Telecommunications Organisation (OTE) to Baa3 from Baa2. Concurrently, Moody΄s has downgraded...

Cabinet to review summit decisions

Barely 24 hours after declaring victory in his battle to win better terms for bailout loans to debt-stricken Greece, prime minister George Papandreou called...