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Greek Economy Keeps Shrinking
With the government for a glimmer of a glimpse of a hope for the start of a recovery next year, the Greek economy shrank...
Greece Will Tell Troika: No Public Firings
Inspectors from Greece's international lenders who returned to Athens on March 3 to assess progress on reforms to meet fiscal targets are going to...
Stournaras Fears Unrest Could Undo Reforms
With international aid beginning to pour in gradually, Greek Finance Minister Yiannis Stournaras said he’s worried that growing political and social unrest could undermine...
Lagarde Backs Reforms, Says Revenues Needed
International Monetary Fund Managing Director Christine Lagarde said Greece needs to find ways to generate more cash fast because austerity measures and lifeline...
Bloomberg: Europe’s Plan C for Greece is No Better than Plans A or B
Europe’s leaders have reached Plan C in their efforts to rescue Greece. Unfortunately, it lacks a crucial element also absent in Plans A and...
Reuters: One Step Forward, Two Back for Greece on Debt
Every step Greece takes to shore up its finances seems to make it harder for Athens to make the numbers add up in the...
January – August Deficit Shrinks 34% From Year Earlier
Greece’s state budget deficit in the first eight months of 2012 beat the budget target and in August the country recorded a surplus for...
Greek and Cypriot Energy Companies to Build Serbian Hydro Power Plants
The Public Power Corporation (PPC/DEH) is joining forces with Cyprus-based Quantum Energy in a hydroelectric joint venture in Republic of Serbia that will propel...
Greeks Bracing for Another Round of Tax Hikes
As Greeks struggle through a Christmas season shorn of much of their bonuses, the government is[...]
As Greeks Rage, Merkel Says Germany Backs a “Strong Greece”
ATHENS – As Prime Minister George Papandreou’s PASOK Socialist Members of Parliament unanimously supported an emergency property tax as part of crushing new austerity...