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Chryssochoidis: Deficit to Exceed Target in 2011

Debt-crippled Greece's budget deficit is expected to hit 9.6 percent of economic output in 2011, about half a percentage point above target, the development...

Venizelos' Optimism for Swap Dampened

A source from the Institute of International Finance (IIF) has today categorically denied that there should be any reason for optimism as expressed yesterday by...

Europe Changes the Money Rules, Greece Still at Risk

European leaders have agreed to set tighter rules over spending and deficits and will pump an additional $268 billion into a new reserve structure to help ailing countries, but[...]

Papademos Gets Confidence Vote from His Parliament

ATHENS - Interim Prime Minster Lucas Papademos, as expected, easily won a vote of confidence from the Parliament his fractious coalition government controls for...

EU Commission Calls for More Measures

Despite expectations to the contrary, the European Commission asks for additional Greek measures in its report published on Thursday on the European Union's economy...

Troika Shocking Report on Greek Debt: Full Text

The European Commission, European Central Bank and International Monetary Fund have reported on the sustainability of Greece's debt. Read the text of the report below: Greece:...

Two Years in Power: Ten Things George Papandreou Has or Hasn’t Changed

From crushing ruling Conservatives party two years ago, Papandreou’s poll numbers have suffered a dramatic slump turning the Greek PM into a contemporary Diogenes of Sinope who instead of strolling around with a lamp looking for an honest man, he’s desperately looking for his voters- if there’s anyone left that is[...]