EU
Economy
EU Decision Political Handling Still A Puzzle
The Greek government is engaged in exercises on paper for the political handling of the upcoming EU decision, seeking allies in the opposition, but fails –until now- to find any.
The government made it clear that it would seek to...
Economy
After the Haircut, What Next for Greece?
The signs are all there that investors have really given up on Greece: analysts no longer say “if” when[...]
Economy
Papandreou: We Don’t Get No Respect
Battered at home and throughout Europe, Greece deserves some respect for its efforts to overcome its economic crisis, Prime Minister George Papandreou said, asking for European Union leaders to find a “definitive solution” when they meet in Brussels on...
Economy
More Than Just Numbers: the Blood Price Behind the Greek Debt
There’s something noticeably ironic about the fact that the current European crisis began in Greece[...]
Economy
Investors in Greece Will Lose a Bundle – Maybe Everything
BRUSSELS - Officials of the Eurozone, the 17 countries who use the euro as a currency, have confirmed that banks and investors in Greece will lost at least half their money even as speculation built they could lose everything.
Eurogroup...
Greece
Papandreou-Samaras Meeting Ends in Failure (again)
A day before "the mother of all strikes" and with thousands of riot police being rushed to Athens George Papandreou in a desperate bid to give the impression that there is a united front before the talks with his EU counterparts,...
Economy
Venizelos Blasts Strikers, Says Tax Evaders Will Be Named
ATHENS - As growing numbers of public workers join the ranks of strikers protesting pay cuts, tax hikes, and the layoff of 30,000 workers Finance Minister Evangelos Venizelos blistered them for their actions and said the city was under...
Economy
Greek Surtax Doubles, Tax Inspectors Set to Strike
A relentless wave of tax increases hasn't provided enough revenue to plug a deep hole in public finances, so a new supposed one-time “solidarity” surtax on income paid by Greeks will continue next year[...]
Cyprus
Nobel Winner Pissarides Says No Default, But Big Haircut
As Greek leaders are admitting that the country’s investors won’t get paid back all they are owed, Cyprus’ Nobel Prize Winner for Economics Christopher Pissarides has joined the bandwagon of analysts who say the so-called “haircut” could be a...
Economy
Venizelos Talks Tough to Would-Be PASOK Rebels
ATHENS – Finance Minister Evangelos Venizelos reiterated that Greece will do whatever it takes, including following the demands of the European Union-International Monetary Fund-European Central Bank Troika lending the country $152 billion to stay afloat, and challenged private dissenters...