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State Debts to Third Parties Dropped

Greek state debts to third parties dropped to 6.5 billion euros at the end of May from 7.26 billion at end-April (not including any...

Papoulias Says Greece Ready To Explode

With more evidence that austerity measures demanded by international lenders in return for bailout loans have backfired and made Greece’s economy worse, President Karolos...

Tax Evasion Wiping Out Real Estate Market

Unable or unwilling to collect $70 billion in unpaid bills of tax cheats, the Greek government’s turning to higher taxes for those who can’t...

Greece Asks EU Help To Catch Tax Cheats

Conceding that Greece can’t deal with tax cheats alone, the government is going to bring in tax experts and analysts from other European countries...

From Drug Salesman in Greece to School Janitor in Sweden

Under the headline, Jobless Greeks Resolved to Work Clean Toilets in Sweden, the Bloomberg news agency featured the story of Tilemachos Karachalios, a 40-year-old...

“We Are Moving from Being a Western Country to a Third-World Country"

Extreme political uncertainty, rampant corruption, queues forming at soup kitchens, and aid from non-governmental organizations (NGOs)—all these are more commonly associated with countries still...

Australian Press: “Greece in Total Collapse”

Greece presents an image of  “total collapse” so states the title of a lengthy article from the mass-circulation newspaper The Australian. Australian journalist Peter Wilson...

WSJ: Dunant Hospital΄s Employees Haven΄t Paid 2012 Salaries

Henry Dunant Hospital, a gleaming, state-of-the-art facility in central Athens, is one of the best medical centers in Greece. But quality hasn΄t protected it...

Greek Church in Miami Faces Financial Problems, Causes Archbishop to Step Down

Archbishop Stavroforos Mamaies of Miami’s Saint Sophia’s Greek Orthodox Cathedral caught church members by surprise Sunday when he unexpectedly announced he was leaving his...

Greek Lawmakers OK $40 Million for Their Parties

ATHENS – As Greeks struggle under a barrage of pay cuts, tax hikes, slashed pensions and the coming firing of 150,000 state workers, lawmakers...