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Angela Merkel

Merkel: Condemns Hagia Sofia Converting to Mosque, Supports Patriarch

German Chancellor Angela Merkel, is reported to be furious over the statements of Turkish Prime Minister Recep Tayyip Erdoğan and the prospects of turning the former Greek Orthodox church of Hagia Sophia, located in Istanbul, Turkey, into a mosque. According...

FT Unfolds Story Behind Eurozone Crisis, Merkel in Tears

In a series of stories, London's Financial Times unfolds the proceedings following the former Greek Prime Minister George Papandreou's decision to call a national referendum in 2011 on the bailout package imposed on Greece by the EU and the IMF,...

Greek Election Campaigns Crank Up

A week before Greeks go to the polls to vote in local elections - and two weeks before those for the European Parliament - the race between Prime Minister Antonis Samaras' New Democracy Conservatives and major opposition Coalition of...

Bank Heists Net Maziotis 15 Million Euros

Greek police say they believe escaped terrorist Nikos Maziotis to be the mastermind behind six armed robberies and bank heists that have brought his Revolutionary Struggle gang 15 million euros ($20.8 million) to finance their violent activities. He and his partner Pola...

Greece Readies Debt Relief Plea

With a primary surplus in hand, Greece is set to ask the eurozone to approve some sort of relief from the 240 billion euros it has borrowed from international lenders, reportedly a 50-year repayment schedule, lower interest or an...

Lagarde And Merkel to Meet Over Greece's Debt

Managing Director of the International Monetary Fund (IMF) Christine Lagarde and German Chancellor Angela Merkel are to hold a meeting in Washington on May 2 on the financial situation in the broader European Union and eurozone, while also addressing...

Eurostat Fudged Greek Primary Surplus Figures

The European Union's statistics agency Eurostat has said it manipulated data to show that Greece has a primary surplus of 1.5 billion euros when in reality it still runs a deficit, but defended the fudge as a legitimate exception afforded none...

Eurostat Certifies Greek Primary Surplus Reached

The European Union's statistics agency Eurostat on April 23 said that Greece had a 3.4 billion euro primary surplus for 2013, a benchmark that would allow Prime Minister Antonis Samaras to seek debt relief from international lenders. The news came...

More Than 225,000 Greeks Scurry For Social Dividend

  Greek Prime Minister Antonis Samaras' pre-election cash giveaway has prompted hundreds of thousands of people to apply for the so-called "social dividend," much of will be given to low-income pensioners along with the military and emergency personnel that make...

Greek Start-Ups Say They Can't Solve Jobless Problem

With Prime Minister Antonis Samaras saying small start-up companies can help Greece reduce the country's record unemployment rate, the entrepreneurs he's counting on say their businesses won't produce enough jobs to make a difference. The jobless rate is hovering around...