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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...

Issing: Greece Needs To Reschedule, But Not Now

German economist Otmar Issing told Reuters that Greece will ultimately need some form of debt restructuring, but not now. "The question is about contagion effects....

Bundesbank warns against Greek proposal

The German central bank also opposed the idea of the European Financial Stability Facility (EFSF) lending countries money at favourable interest rates to buy...

Aboriginal Dancers Perform Zorba the Greek in China

Lionel Dhulmanawuy, an Aboriginal dancer from a far northern Australian island, points to his dry skin: Beijing's winter is "powerfully cold", he says. Dhulmanawuy and...

Greece in Talks with EU & IMF on Debt Restructuring Strategy

Greece is in talks with the European Union and the International Monetary Fund on a debt restructuring package, according to The Financial Times. The scheme...

Reuters: Greek Debt Restructuring isn't Expected Soon

Reuters claims that Athens is not expected to ask for debt restructuring any time soon, according to an analysis. Greece will never be able to repay...

Greek Stocks’ Annual Losses Reach 35.6% in 2010

Athens Stocks moved on negative ground in the last session of the year, as the General Index ended at session lows, on a turnover...

Moody's Puts Greece's Debt on Watch

Moody's Investors Service said Thursday that it has placed Greece's Ba1 local and foreign currency government bond ratings on review for possible downgrade. "Moody's...

Senator Xenophon Supports Telstra Bill

Independent senator Nick Xenophon has said he will back government legislation paving the way for Telstra's participation in the national broadband network (NBN), according...