Democratic Left
Economy
ECB Board Member Tells Greece: Reforms, Not Excuses
ATHENS – New Greek Prime Minister Antonis Samaras, still recovering from eye surgery to repair a detached retina, is not getting as much support from international lenders as he wanted in his bid to buy more time for the...
Economy
Samaras Writes EU for Help as IMF Prepares Visit
ATHENS – Unable to attend a critical meeting of European Union leaders because he is still recovering from eye surgery for a detached retina, new Greek Prime Minister Antonis Samaras has written the EU a letter asking them not...
Economy
Rapanos Was Unhappy with Samaras' Cabinet Picks
ATHENS – Designated Finance Minister Vassilis Rapanos, who cited ill health for his decision not to accept the post, resigned because he was also dissatisfied with new Prime Minister Antonis Samaras’ decision to stock his coalition Cabinet with political...
Economy
Greece Locked out of Markets Until 2017 or even 2022
ATHENS – After stiffing investors earlier this year with 74 percent losses and still wracked by a deep recession, $460 billion in debt, and unable to raise revenues or collect from tax evaders, Greece seems unlikely to win back...
Economy
Citing Ill Health, Designated Finance Minister Rapanos Resigns
ATHENS - The prime minister's office says Greece's designated Finance Minister, Vassilis Rapanos, who was rushed to a hospital on June 22 after he felt nausea, abdominal cramps and fainted, has resigned after being released, citing ill health
Rapanos, President...
Economy
Greek Banks Looking for More Government Money
ATHENS – Greece’s beleaguered banks, beset by nervous Greeks yanking out billions of dollars in the frantic period ahead of the critical June 17 elections and holding on thanks to an emergency injection of $23.9 billion in a bailout,...
Economy
Samaras Sets the Tone with Troika Coming to Town
ATHENS – Moments after his Cabinet, stocked heavily with members from his own New Democracy party, was sworn in, Greece’s new Prime Minister Antonis Samaras put them to work on dealing with the country’s crushing economic crisis, in preparation...
Economy
Coalition Promises Meritocracy, Transparency, Austerity Relief
ATHENS -Flush with the flow of victory, Greece's new Prime Minister Antonis Samaras' New Democracy party and its two partners in a coalition government, the PASOK Socialists and tiny Democratic Left party, have vowed to change the culture of...
Economy
Samaras Gets Mandate to Form a Coalition
ATHENS – New Democracy Conservative leader Antonis Samaras, who squeaked out a narrow win over the Coalition of the Radical Left (SYRIZA) of anti-austerity champion Alexis Tsipras in the critical June 17 elections, met with Greek President Karolos Papoulias...
Economy
New Democracy Pulls Away from SYRIZA, Tsipras Concedes
ATHENS –In a political thriller that was too close to call after the initial exit polls, the pro-austerity New Democracy Conservatives were projected to win the critical June 17 elections, edging out the anti-austerity Coalition of the Radical Left...