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Greek Parliament OK's 2013 Austerity Budget

By a vote of 167-128, the Greek Parliament shortly after midnight on Nov. 12 easily approved an austerity-packed budget for 2013 that includes big...

Greece Eyes Cargo Tax On Shipping

Strapped for cash in a crushing economic crisis, Greece is planning to go after its vaunted nearly tax-free shipping industry with a cargo tax...

Greeks Disapprove of Merkel’s Visit, More Austerity

German Chancellor Angela Merkel expressed solidarity with Greece during her recent visit to Athens, but her discussions with Prime Minister Antonis Samaras over additional...

Greek Merchant Fleet Gains Despite Crisis

The Greek-managed merchant fleet has retained its strength and competitiveness this year, increasing its capacity in spite of the ongoing global financial crisis, reports...

IMF Blasts Greek Fuel Market Monopoly

As international lenders press Greece to break up near-monopolies in professions from druggists to lawyers, a lack of competition in the country’s fuel market...

Piraeus to Get $268 Million for Cruise-Ship Facility Expansion

Piraeus Port Authority SA (PPA), the state-owned company which operates Greece’s biggest port, said it’s getting Greek and European Union funds to finance a...

Greek Banks Could Nix Loans to Ship Owners

ATHENS – Greece’s shipping industry, which pays no income taxes to its homeland, may find it difficult to get more financing from Greek banks...

Greek PM Blocks His Ministers from Undermining Reforms

ATHENS – Just a few days after he warned the squabbling ministers in his shaky hybrid government to start working and stop campaigning as...