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Government Halts Funding for 2012 Olympians

Greece's Olympic hopefuls will be forced to rely on handouts from the International Olympic Committee.  This results in state cutbacks in funding for their...

Germany’s Bruedele: No Final Agreement On Extension Of Greece’s Maturities

Eurozone finance ministers have made no formal decision on extending maturities for Greece’s EU loans, the German Economics ministers said Wednesday according to MNI. "We΄re...

Greek Companies Declaring Bankruptcy Increase by 44%

Greek companies declaring bankruptcy have increased by 44% in 2010.  This is due to the severe economic crisis that has hit Greece, the...

Greek-American Mother & Daughter Team Run Little Studio Films, Hollywood

They are maybe the only mother and daughter working as managers and distributors in Hollywood. Alexandra Yacovlef (daughter of Nicky Yacovlef who was one of...

Over 1,500 Secret U.S. Nicosia Embassy WikiLeaks Released

References to the Cyprus problem are included in the secret telegrams of American diplomats from embassies of the United States around the world.  They...

Citibank Closes 31 Branches in Greece

Citibank announced a large scale restructuring of its activities in Greece.  It closed 31 branches out of a total of 72 branches in its...

To Vima Daily Print Closes & Stays Online

The Greek daily newspaper To Vima will be published for the last time today. It announced to its employees  that because of the economic...

German Chancellor Merkel Praises Greek Economic Efforts

German Chancellor Angela Merkel praised the Greek government's efforts for the country's exit from the crisis, the Athens News Agency stated on Wednesday. The efforts...