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Prime Minister Papandreou Cites Major Structural Changes

On Monday Prime Minister George Papandreou referred to major "structural changes" envisioned for the country, writing on his webpage, a statement echoed the same...

European Commission Approves 2nd Loan Tranche to Greece

The European Commission announced today that Greece has successfully committed to the conditions of the memorandum and approved the second loan tranche by Eurozone...

New Democracy Leader Samaras Addresses Lesvos Island

The leader of the opposition party of New Democracy Antonis Samaras adressed his  supporters on the island of Lesvos, commenting on the current difficult...

Fuel Shortages Negatively Affect Greece's Tourism Sector

Over 500,000 people are left with their reservoirs empty because of the ongoing strike of truck  and tanker owners. The Association of Hotel Managers...

German Minister of Economics: “The Support Mechanism Will Stay For Three Years”

German newspaper Frankfurter Allgemeine Zeitung published an interview with the German Minister of Economics, Wolfgang Schäuble (CDU) entitled “The Support Mechanism will Expire, We Made...

Tourism’s great battle

It is both agonizing and exciting to see the Greek tourism sector battling to survive at this time. On the one hand, it is...

George Papandreou in the UK newspaper Guardian

Greece is on a normalised road, prime minister George Papandreou opined in an interview with the UK newspaper Guardian, noting that in the nine...

Goldman Sachs Says GGB May Surprise

Goldman Sachs says that Greek paper could surprise since better-than-expected economic performance and government austerity efforts may ware down fears over a potential Greek...

Greece and Romania are Europe’s leaders in VAT hikes

Greece and Romania are Europe’s leaders in VAT hikes between 2000 and 2010, Eleftherotypia daily writes. According to the economic adviser of Romanian Prime Minister...