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Dutch Minister: Reluctant To Discuss Greek Debt Restructuring

Euro-zone finance ministers have discussed a range of options to address Greece's financing problems, including a debt restructuring, Dutch Finance Minister Jan Kees de...

S&P Cuts Greece΄s And Portugal΄s Ratings

Standard & Poor΄s Ratings Services said on Tuesday it lowered its long-term sovereign credit rating on Greece to ΄BB-΄ from ΄BB+΄ and maintained the...

Merkel: Greece Needs More Than Three Years

German Chancellor Angela Merkel has pleaded for an extension of Greek debt maturities. "Greece has to cope with the consequences of its grave errors in...

WSJ Claims Greeks Work the Longest Hours

Citing Eurostat data, Wall Street Journal on Monday published an article, titled “Busting North – South Stereotypes”.  It indicated that Greeks in particular, have...

EU Seeks To Drop Contested Provisions Of Competition Pact

European Union President Herman Van Rompuy (photo) attempts to soften some of the most controversial provisions of a euro-zone economic package proposed by France...

Berlin: Activists Interrupt Greek PM’s Speech (video)

Student activists interrupted a speech by Greek Prime Minister George Papandreou in Berlin on Monday, chanting Greek slogans and throwing fliers into the air...

Greek MinFin: Bond Buyback Plan Under Discussion

The Greek Finance Minister said on Friday that a European initiative allowing the Greek government to buy back outstanding debt is being discussed, according...

S&P: 40% Probability Of Greece Defaulting On Its Debt

Rating agency Standard & Poor’s said that there is a 40% probability that Greece may have to restructure its debt, according to Dow Jones...