ECB
Economy
Samaras Pushes Hard for a Budget Deal
With his coalition government splintering, Greek Prime Minister Antonis Samaras will meet his coalition partners on Oct. 23 for talks on trying to finalize a $17.45 billion spending cut and tax hike package that has been stalled for months,...
Economy
Stournaras Pushes to Wrap Up Troika Deal
Greek Finance Minister Yiannis Stournaras said he hopes he can conclude negotiations with international lenders this week on a long-delayed $17.45 billion spending cut and tax hike plan that is needed to release a locked loan installment the country...
Greece
Good Riddance, Venizelos, We Knew You Too Well
It’s almost impossible to overstate how much of a bloated opinion PASOK Anti-Socialist leader Evangelos Venizelos has of himself, even as he is taking the party toward the dustbin of history. Three years ago, PASOK won the elections with...
Economy
Greece to Press on With Austerity as Businesses Slam Troika Visits
Greece is to redouble its efforts to reach a deal with its creditors so that the loans it needs are handed over, the country's finance minister said in an interview published Saturday.
"We have completed 90 percent of the road...
Economy
Samaras Says Cash Running Out, Aid Needed Now
Greece will run out of money in mid-November and needs to receive a delayed $38.8 billion installment from its bailout package as soon as possible, Greek Prime Minister Antonis Samaras said on Oct. 19.
“On the 16th of November the...
Economy
Samaras Meets Merkel in Brussels
Still pressing his case for support, Greek Prime Minister Antonis Samaras met with German Chancellor Angela Merkel in Brussels on Oct. 19 on the sidelines of an European Union summit meeting which began the day before. She had come...
Economy
WSJ: Euro Zone Considers Greek Debt Proposal
Euro-zone countries are considering a proposal that would see Greece cut its debt by buying back bonds held by private creditors at a discount, says Wall Street Journal.
According to the report, the exercise, one of a number of options...
Greece
Poll Shows Golden Dawn Rising, PASOK Vanishing
The three parties in Greece’s uneasy coalition government are paying a high price for their unremitting support of more austerity measures, with polls showing the ruling New Democracy Conservatives have fallen behind the major opposition Coalition of the Radical...
Economy
Greek Labor Law Changes Deemed Unlawful
Greece’s pending $17.45 billion plan for spending cuts and tax hikes demanded by international lenders includes clauses that are unlawful because they violate workers’ rights, a committee of the Council of Europe has ruled in a non-binding judgment.
The committee...
Economy
Samaras in Brussels as Greeks Protest, One Dead
With Prime Minister Antonis Samaras in Brussels pleading with European Union leaders for the release of more rescue monies, some 70,000 Greeks roared through the downtown of Athens to protest more pay cuts, tax hikes and slashed pensions demanded...