ECB

Despite securing $69 billion in a first series of new rescue loans to keep the country’s economy from collapsing, Greek Prime Minister Antonis Samaras’ New Democracy Conservatives and his coalition partners are falling further behind the major opposition party...

Economic and social chaos has hit Cyprus big time. Owing to the mishandling of the economy, corruption and incompetence, the entire nation is now entrapped. The failure of the government to introduce preventative economic measures has reduced the nation...

The Greek economy is likely to start growing again in 2014, a top European Central Bank official said in a newspaper interview released Friday. "Greece will probably be able to show economic growth again in 2014," ECB executive board member...

Despite an incoming influx of 54.5 billion euros ($69 billion) in more rescue loans from international lenders as part of a second bailout of 130 billion euros ($173 billion) Greek Finance Minister Yannis Stournaras said there's still a chance...

Despite international aid that has made Greece dependent on bailout loans to keep its economy from collapsing and effectively ceded much of its sovereignty, the country is still being controlled by the iron grip of politicians, the rich and...

Political resistance and potential court challenges are among “very large” risks to reforms required for Greece’s bailout program, the country’s European lenders said, cautioning that despite Prime Minister Antonis Samaras' boasting that Greece has been saved from disaster that...

Unable to stop runaway tax evasion in a country that is the most corrupt in the European Union, the Greek government is planning to create a so-called “Committee of Wise Men” to come up with some other way to...

After getting the formal approval on Dec. 14 from the Eurozone finance ministers he was meeting in Brussels for a surge of 52.5 billion euros ($68.6 billion) in a series of more rescue loans over the next few months...

A new tax scheme attached to a $17.45 billion spending cut and tax hike plan for 2013-14 aims squarely at the middle class despite Prime Minister Antonis Samaras’ promise to insulate it from harsh new austerity measures. Samaras, the New...

Greek officials said on Dec. 12 they need an additional 1.29 billion euros ($1.68 billion) to finish a plan to buy back 30 billion euros ($31.9 billion) because the government had to offer a higher than expected price to...