EU
Economy
Greek Debt At 321B Euros
After three years of crushing austerity measures and imposing losses of 74 percent on private investors to write down its debt by $134 billion, Greece still owes 321 billion euros ($429.46 billion) a level that many analysts said is...
Economy
New Greek Aid Seen At 10B Euros
Speculation that Greece will need additional rescue aid for its economy is rapidly turning toward certainty with another European Union official acknowledging it seems inevitable and will be about 10 billion euros ($13 billion) to complement two bailouts totaling...
Economy
Up To 15,000 Homes On Seizure List
Greece’s coalition leaders said they will allow banks to confiscate 12,000-15,000 homes because they believe the owners have been trying to manipulate laws that protect people with primary residences worth up to 200,000 euros ($260,000) from losing them because...
Economy
Samaras Says No Foreclosures On Poor
With a rebellion growing in their ranks over plans to let banks seize homes after a ban on foreclosures expires at the end of the year, Greek Prime Minister and New Democracy Conservative leader Antonis Samaras and his coalition...
Greece
Papaconstantinou Tells BBC: "Clear Conscience"
Former Greek Minister of Finance George Papaconstantinou, who has been charged with wrongdoing in the handling of a list of 2,062 Greeks with $1.95 billion in secret Swiss bank accounts that still hasn't been checked for possible tax cheats,...
Economy
Schaeuble Says Greece Needs 3d Bailout
German Finance Minister Wolfgang Schaeuble said on Aug. 20 during a campaign stop to help Chancellor Angela Merkel's re-election bid next month that two bailouts of $325 billion from international lenders to prop up Greece haven't worked and that...
Economy
Samaras Says Reforms OK, Foreclosures Next
Prime Minister Antonis Samaras, in a meeting with key ministers on Aug. 20, said he wanted to prepare Greeks for the coming firing of public workers and the foreclosures of homes by banks from people who can't afford to...
Economy
Ousted TAIPED Chief Strikes Back
A day after being forced to resign as head of Greece's privatization agency TAIPED because he'd taken a ride on the private jet of a businessman buying the state gambling monopoly OPAP, Stelios Stavridis said he had done nothing...
Economy
Greece Will Let Banks Seize Homes
Bending to demands from international lenders, Greek Prime Minister Antonis Samaras' coalition government will let banks foreclose on homes of customers, many of whom have suffered big pay cuts, tax hikes and slashed pensions under austerity, setting aside a...
Economy
Greece΄s Budget Surplus May Be A Minus
While the Greek government is crowing that it has achieved a primary surplus and the economy will begin to recover next year, skepticism abounds in some quarters still, particularly in a report in CNN Money which said the statistic...