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Papandreou Scraps Bailout Referendum, Seeks Coalition Government

ATHENS – Faced with defections by his Finance Minister, Cabinet official and Members of Parliament of his ruling PASOK Socialist party, Prime Minister George Papandreou has quickly withdrawn his plans[...]

Greece’s Choice: In or Out of the Eurozone

As Greek Prime Minister George Papandreou was being cross-examined by European leaders on his stunning call for a referendum in his country on international...

Papandreou’s Referendum Call Rattles Markets, Threatens Bailout

Greek Prime Minister George Papandreou’s surprise announcement will ask voters to decide the fate of international bailout loans and his wobbly Administration through a...

Investors in Greece Will Lose a Bundle – Maybe Everything

BRUSSELS - Officials of the Eurozone, the 17 countries who use the euro as a currency, have confirmed that banks and investors in Greece...

Deutsche Bank Boss in Talks over Greek debt: Report

The head of Germany's biggest bank, Deutsche Bank, is conducting talks over a 50-percent write-down of Greek debt in his capacity as chairman of...

Nobel Winner Pissarides Says No Default, But Big Haircut

As Greek leaders are admitting that the country’s investors won’t get paid back all they are owed, Cyprus’ Nobel Prize Winner for Economics Christopher...

Greek Bailout Inspection Over – or not

There seemed to be confusion over the state of the Greek bailout talks on Friday. Inspectors from the so called troika – the European Union,...

Decision on New Greek Bailout Funds Delayed Until October

Eurozone chief Jean-Claude Juncker says the 17 countries using the European common currency have delayed until October a decision on an 8 billion-euro[...]

Greece Calls On Europe To Give Clear Message On Finland Deal

Greece called on European Union leaders Sunday to step in and resolve growing dissension among euro-zone members angered by a special deal under which...