PASOK

Greece’s Choice: In or Out of the Eurozone

As Greek Prime Minister George Papandreou was being cross-examined by European leaders on his stunning call for a referendum in his country on international bailout loans and the austerity measures he imposed as a condition, German and French officials...

Papandreou’s Referendum Call Rattles Markets, Threatens Bailout

Greek Prime Minister George Papandreou’s surprise announcement will ask voters to decide the fate of international bailout loans and his wobbly Administration through a referendum sent shock waves through the markets, rattling Wall Street, angering European leaders who just...

Papandreou Called on to Resign by 6 Party Members

Six senior members of the ruling party called on Prime Minister George Papandreou to step down, state-run Athens News Agency reported, without citing anyone. The members of the Pasok National Council sent a joint letter to Papandreou saying the country...

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[...]

More Austerity Means More Strikes Too

ATHENS – Protests didn't work. Riots didn't work. Strikes didn't work either, but Greek workers say they’ll walk off their jobs again this week anyway, fed up with another round of austerity measures they said have crippled their present and destroyed their future. Although garbage collectors...

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,...

Papandreou Calls on Pasok Lawmakers to Support Austerity Bill

Prime Minister George Papandreou called on lawmakers from his ruling PASOK party to support an austerity bill to be voted in parliament on Oct. 20. “We have to be in a strong position for discussions at the European summit talks...

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...

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[...]

PASOK Slips, But No Winners Seen

PASOK Slips, But No Winners Seen ATHENS - Eighteen months after imposing pay cuts, tax hikes and slashed pensions on the working populace in an attempt to stave off bankruptcy, the ruling PASOK Socialist party has fallen further behind the...