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Greek Government Finalizes Mid-Term Package

Greek government calls up for the increase of revenue and restrain of expenditure, knowing that it would be forced to reopen the case of...

IMF Says Greek Program Doing Well, Approves New Loan Payment – Interview with Poul Thomsen

The International Monetary Fund Friday approved release of around EUR2.5 billion for the Greek bailout after the country passed its third program review. But the...

Greek PM Fails To Gain Opposition Leaders’ Support

Greek Prime Minister George Papandreou had successive meetings with opposition leaders in his office on Tuesday, in an effort to gain their support for...

Budget: Greece Gets Ready For More Austerity in 2011

Greek government Thursday tabled in the nation’s parliament its 2011 Budget that “continues agressive fiscal consolidation effort,” the Ministry of Finance said. The aim is...

Government Finalized 2011 Budget Plan

The Greek government finalized decisions over a 2011 budget plan after a meeting between Finance Minister George Papaconstantinou and EU-ECB-IMF Troika officials in Athens...

Papandreou's Statements Regarding Government Elections

Prime Minister George Papandreou, speaking in an interview broadcast live on state and private TV channels on Monday evening, stressed that: "It's not my...

'Banks will pass stress tests'

Greek Finance Minister George Papaconstantinou on Monday appeared confident that Greek banks will be able to pass upcoming stress tests successfully and said that...

IMF: Greece «broadly on track»

The International Monetary Fund (IMF) late Friday issued its interim report "Greece Stand-By Arrangement - Review under the Emergency Financing Mechanism", in which it...

Argentine president warns Greece against austerity measures

Argentine President Cristina Fernandez de Kirchner (foto) warned Greece Thursday against austerity measures that might trigger social problems like those that Argentina faced early...

Greek Parliament Passes Austerity Measures

The crucial Greek austerity bill has been passed by parliament. The cuts it will bring are needed to release funds in 110 billion euro (£94...