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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...

England Mandates Greek Ship Owners to Relocate

About 120,000 businessmen known as "non-dom", live and develop their economic activity in Britain.  They are under the threat of loosing their tax privileges,...

Finance Ministry Announces New Tax Legislation Bill

The Greek market has risen strongly today after the Finance Ministry announced a text for new tax legislation.  The new text is aimed at aiding recovery,...

Eurogroup: Greece Must Take All Required Economic Measures

Greece’s programme is broadly on track, but following the revision of its debt and deficit figures for 2009 by Eurostat, the debt ridden country...

Papandreou Claims No New Salary Cuts or Taxes

Prime Minister George Papandreou on Wednesday assured that there will be no further burden placed on salary and pension earners or an increase in tax...

Credit Deal Ratified Between Greek Government & Banks

Ministers George Papakonstaninou and Michalis Xrysohoides hope to improve the low levels on the Greek market regarding lending and investments with assistance by Greek banks. A deal was...

EU, IMF Set to Approve The Second Tranche of Aid to Greece

The European Union and the International Monetary Fund are expected to give the green light on Tuesday and Friday respectively for the release of...