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350 Greeks Attempt Suicide due to Economic Problems

More and more Greeks are driven to desperate actions due to the never ending economic crisis. The National Federation of Consumers’, Borrowers’ and Citizens’...

Greek prosecutor to probe NBG, Alpha bid leak – source

Judicial officials in Greece say an investigation has been launched into potentially illegal trading practices involving shares in National Bank and Alpha Bank after...

Greek Commissioner Defies EU Model of Austerity

Maria Damanaki, the commissioner for maritime affairs, publicly distanced herself from European Commission policies that she says could lead to "social degradation" and called...

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...

Moody΄s Downgrades Cyprus To A2 From Aa3

Moody΄s Investors Service announced on Thursday that it downgraded Cyprus΄s government bond ratings by two notches to A2 from Aa3, reflecting its view of...

Papandreou In Search of International Investors

George Papanreou is undergoing efforts concerning the investment deficiency and money shortage.  A line of trips are being planned to China, Japan,...

Nationwide General Labor Strike

A nationwide general labor strike has been called on Wednesday by[...]

Sanctions better vs constitutional debt brake-ECB's Mersch

Automatic sanctions to discipline fiscal offenders in the euro zone are preferrable to setting constitutional debt brakes, ECB Governing Council member Yves Mersch (photo)...

Greek FM Criticizes EU's Asset Sale Comments

Greek Finance Minister, George Papaconstantinou, said Sunday that comments made to the weekend press by the European Commission mission chief, one of its backstopping...

EU & IMF Seek to Repair Greek Rift Over Asset Sale

The EU and IMF on Sunday hastened to prevent a rift with Greece, after the debt-hit country slammed one of their auditors over controversial...