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Austerity Budget Done, Greece Waits on EU
Having done its job – approving a $17.45 billion spending cut and tax hike plan and an austerity budget, Greece is now waiting for...
Not So Fast: Troika Says No Deal Yet
Greece’s international lenders have rebuffed Finance Minister Yiannis Stournaras’ declaration that Greece had concluded a deal with its international lenders on a $17.45 billion...
Official Accused of Leaking State Document
A senior Greek finance official was charged on Wednesday with leaking a state document used in the country's crucial EU-IMF audit talks, the state-run...
Greece Recapitalizes Biggest Banks With 18 Billion Euros
ATHENS – With Greece’s bank sector reeling in the wake of big losses imposed by the government as part of a deal with international...
Too Late to Save Greece? Most Greeks Think it Is
ATHENS – Frustratingly slow talks among Greece’s leaders on whether to accept tough measures to keep international aid coming – which could push Greece...
Germans Remain Optimistic and Continue to Give Economic Advice to Greece
ATHENS – As German Foreign Minister Guido Westerwelle arrived in Greece on Jan. 15 for talks with political leaders of the debt-crushed and cash-starved...
A New Era Began as LAIKI Bank Australia Became Beirut Hellenic Bank
Following the acquisition of a majority shareholding of Laiki Bank (Australia) Limited by the Bank of Beirut in February 2011, the bank announced it...
Greece Accelerates Privatization Programme
Greek government has to present in European Summit in late March a convincing list of state-owned properties and companies that will bring EUR 50bn...