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Stournaras Says No More Austerity

After already guaranteeing Greece would begin an economic recovery by the end of the year, Finance Minister Yiannis Stournaras now has promised that despite...

Half of Greeks Can't Pay Bills

Beset by relentless pay cuts, tax hikes, and slashed pensions that have eaten up 46.5 percent of their income, half of Greek households report...

Greek Students Win Translation Prize

The award for the Juvenes Translatores (Latin for "Young Translators") competition has gone to 27 students from each of the European Union's countries, including...

Cypus Denies Money Laundering Hub

Cyprus, awaiting big international bailouts as for its banks to be saved after suffering huge losses when the Greek government imposed big hits on...

Germany Won’t Send Asylum Seekers to Greece

Germany has decided to hold off for a second consecutive year on sending asylum seekers back to Greece in an effort to relieve pressure...

Troika Loans Coming Fast for Greece

After getting the formal approval on Dec. 14 from the Eurozone finance ministers he was meeting in Brussels for a surge of 52.5 billion...

Greece Will Have To Wait On Loan

It took a while but Prime Minister Antonis Samaras’ uneasy coalition government got some relief when Eurozone finance ministers – on the third try...

Betfair Quits Greek Gambling Market

British betting exchange Betfair has quit the Greek marketplace, citing regulatory uncertainty over gambling law in the cash-strapped country. The company said it had previously...

Greek Dairy Companies Keep Prices High

While Greeks have had their pay cut, taxes hiked and pensions slashed during a crushing economic crisis, the country's dairy companies, accused by critics...

Rehn: Greece Solutions Shouldn΄t Include Change to Principal

Resolving Greece΄s debt problems will require a combination of measures but should not include any change to the principal amount it owes, the European...