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Greeks Gird for More “Blood and Tears” Economic Hits

With Greece still poised on the edge of bankruptcy and growing predictions the country will fail, Prime Minister George Papandreou said he will institute...

Greek Orthodox Church in Athens Warns of Wave of Poverty

According to an extended article published on skynews, Greece will face a very tough situation this autumn, as a new wave of poverty is...

New Regulation On Capital Repatriation

The Ministry of Finance seeks new ways to convince depositors who have funds abroad to bring them back in Greek banks. After the substantial...

What Lies Beneath The Hoodie: London 2011 vs. Athens 2008

August 2011: as a result of a police fatal shooting, disaffected hooded youth burn[...]

800 Greek Firms Moved to Bulgaria in 2011

Some 800 Greek firms have been registered in Bulgaria in the first half of 2011; many have moved north because of the crisis in...

PM Papandreou Chairs Medium-Term Economic Program Cabinet Meeting

The battle to save the country is continuing, and no cowardice can be forgiven in serving this patriotic duty, Prime Minister George Papandreou told...

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...

Ministry of Finance Announces March 4th Debt Collection Deadline

Liability dues totaling 5.8 million Euros are owed by citizens living abroad with real estate property on fair market value territory of 283.8 million...

Government Proceeds with Privatization Program

Starting today, Greek government proceeds with the implementation of its privatization program regarding the sale of government stakes in banks, as well as of...

Greek Islands For Sale As a Result of Greek Debt

According to Bloomberg Businessweek, the Greek government is planning to sell some islands and other luxury properties to reduce the country’s debt. The only...