EU

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...

The signs are all there that investors have really given up on Greece: analysts no longer say “if” when[...]

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...

There’s something noticeably ironic about the fact that the current European crisis began in Greece[...]

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...

  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,...

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...

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[...]

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...

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...