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Merkel: Greek Deal Pre-Condition Of Euro Summit

German Chancellor Angela Merkel said on Thursday that Eurozone members shouldn΄t hold an emergency summit until they were prepared to approve a deal to...

Government Ponders Possibility of Selective Default

The government is now discussing with the Europeans the possibility to declare a selective default, if the financing of the deficits and of...

Greek PM Sends Letter To Eurogroup President

“Crunch time has arrived” said Greek PM George Papandreou in a letter sent last night to the President of the Eurogroup Jean-Claude Juncker, adding...

Trichet’s Position Reverses New Loan Plans

ECB President’s opposition against the possibility of a selective Greek default causes the redeployment of initiatives for a solution with the participation of the...

EU Rehn: Greece Must Take Steps In Coming Days; Debt 'Reprofile' Option

A "voluntary" extension of maturities on Greece's sovereign debt might be considered once Athens has committed to new measures that are urgently needed in...

Europe Plays With Time On Greek Debt Problem

A decision on whether Greece needs a second financial bailout will be made "a few weeks," according to European Union Economic Affairs Commissioner Olli...

Papandreou States: "Let Greek Government Do Its Job"

Greek Prime Minister George Papandreou has described a report posted on Saturday, on the website of the German magazine "Der Spiegel" as being a "provocation"...

Papandreou Receives George Soros at Parliament

Prime Minister George Papandreou on Monday held a meeting with well-known investor and financier George Soros, who visited the Premier at his office in...

Air China to begin Greek flights in May

Air China will begin flights from Beijing to Athens in May, Greek officials said Thursday, with the debt-hit eurozone country eager to tap tourism...

European Socialist Parties Meet in Athens

Europe's socialists on Saturday proposed a counter plan to a Franco-German competitiveness pact, that aims to strengthen the eurozone while ensuring economic recovery. "We have...