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Cabinet Unanimously Approved 2012 Budget, Layoff Plan

Greece’s Cabinet unanimously approved the government’s 2012 budget and plans to place 30,000 state workers in a labor reserve system, a government official said[...]

Greek and French Leaders Meet About Debt Crisis‎

The Greek premier met France's President Nicolas Sarkozy at the Elysee Palace, a day after German lawmakers threw the ailing eurozone a lifeline by...

Cabinet Presents New VAT Receipt Rules

After a meeting chaired by Prime Minister George Papandreou on Thursday, the Cabinet took an unanimous decision, regarding taxpayers. Starting in 2012, they are...

Papandreou Plans To Meet French President On Friday

Prime Minister George Papandreou plans to travel to Paris on Friday, after meeting German Chancellor Angela Merkel, to discuss the Eurozone debt crisis...

As Greeks Rage, Merkel Says Germany Backs a “Strong Greece”

ATHENS – As Prime Minister George Papandreou’s PASOK Socialist Members of Parliament unanimously supported an emergency property tax as part of crushing new austerity...

IMF Chief Lagarde Says Patience Thin on Greece

As inspectors for international lenders returned to Athens to determine whether to release an $11 billion loan installment needed to keep the country from going bust, International Monetary Fund chief Christine Lagarde said investors are weary of helping Greece. “If the Greeks do not want our advice[...]

Second Greek Bailout May Be In Jeopardy

As the drumbeat of default expectation grows in Athens, Europe and the United States, German Finance Minister Minister Wolfgang Schaeuble, whose country is footing...

Venizelos Says Greece “Scapegoat” But Will Survive Crisis

With the economic world holding its breath over fears that Greece will default, Finance Minister Evangelos Venizelos told an international audience of bankers in Washington, D.C. that his country[...]

In Washington, Venizelos Tries to Convince Skeptical World

Even while Greek Finance Minister Evangelos Venizelos was busy in Washington trying to persuade everyone that Greece will not default, although it is drowning...

Merkel: Greek Exit from Euro Would Have Domino Effect

German Chancellor Angela German Chancellor Angela Merkel on Saturday defended her government's part in international efforts to save Greece, this time from default...