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Greece Against Possible Suspension of EU Voting Rights

Greek Prime Minister George Papandreou on Friday spoke out strongly against Germany's idea of sanctions against serial budget sinners, saying it would trigger a...

Eurogroup: Greece Must Take All Required Economic Measures

Greece’s programme is broadly on track, but following the revision of its debt and deficit figures for 2009 by Eurostat, the debt ridden country...

Greek Fin Min: No Comment On Austria's Warnings On Aid

Greek Finance Minister George Papaconstantinou refused to comment Tuesday on reports that Austria might withhold its contribution to the country's E110 billion aid deal. "I...

Greek Finance Minister; 2009 Deficit Above 15%

Greece's 2009 budget deficit will be more than 15% of GDP after revision. This was announced today by Greek Finance Minister Giorgio Papaconstantinou, quoted...

IMF Says Impact Of Greece’s “Data Revision” Will Not Be Substantial

The implications of the upwards revision of Greece’s budget data by Eurostat will not be substantial, an IMF spokesperson told Capital Still, the Fund points...

EU Economic Affairs Commissioner Rehn's Statements on Greece

Greece may be required to make additional austerity cuts in order to meet 2011 budget deficit reduction targets, the EU's Economic Affairs Commissioner Olli...

Eurogroup Meeting May Point To New Measures For Greece

Economic diplomacy is underway in Luxembourg on the way EU countries will politically accept the revision of the Greek deficit and debt that threatens...

Papandreou Will Take All & Any Measures to Improve Greece

The alert is not over and the effort for the country's salvation is continuing, stated Prime Minister George Papandreou on Thursday.  He added that:...

Revision Of Greece΄s 2009 Deficit May Weigh In 2011 Budget

On the 22nd of October, the day Eurostat will reveal how much the Greek 2009 deficit will be upwards revised, it will become known...

2009 Deficit Could Surpass 14% of GDP

The agency Eurostat could raise its figures on Greek deficit for 2009, which could be above 14% of GDP, according to sources at the...