EU
Business
Greek Retail Workers Face 13% Pay Cut
With the government set to transfer or fire 40,000 public workers and employee rights being decimated during a crushing economic crisis, the President of the National Confederation of Greek Commerce (ESEE), Vassilis Korkidis said businesses want a 13% wage...
Economy
Coalition MP's Oppose Foreclosure Plan
Greek Prime Minister Antonis Samaras' plan to let banks seize homes if people can't afford to pay their mortgages because of unrelenting austerity measures has run into resistance even from Members of Parliament in his New Democracy Conservative party...
Economy
Die Welt Says Greece Will Stiff Germany
The German newspaper Die Welt has reported that with speculation still rampant Greece will get a write-down in its debt to international lenders, including Germany, after that country's elections next month, that the idea of Greece leaving the Eurozone...
Economy
Samaras Heading For U.S. Again
Glowing after meeting U.S. President Barack Obama in the White House on Aug. 8 and meeting with Diaspora leaders in New York as part of a visit to the United States, Greek Prime Minister Antonis Samaras is getting ready...
Economy
Bundesbank Says Greece Needs New Bailout
According to the confidential report of Bundesbank, cited by the German magazine Spiegel, Greece will need another rescue package in 2014.
In an internal document of the German Central Bank it said that that the European leaders must start immediately...
Economy
Samaras Readies September Strategy
Coasting on a boost from his meeting with U.S. President Barack Obama in Washington, D.C. during Congress' summer recess when there were few official visits going on, Greek Prime Minister Antonis Samaras returns to political reality in preparation for...
Economy
Brazil Backtracks On IMF Greek Snafu
Distancing itself from its own representative to the International Monetary Fund (IMF) who abstained from a vote on more aid for Greece after declaring the money would never be repaid, Brazil said the incident was all due to a...
Europe
Charges Merkel Hiding Greek Debt Cut
The German newspaper Die Zeit published an article, entitled “The bill, please!” in which it charged that Chancellor Angela Merkel, facing re-election next month, is deliberately concealing that she will go along with Greece imposing losses on its lenders,...
Economy
Vroutsis Insists No More Austerity
Despite an International Monetary Fund (IMF) report that there could be a hole as big as $14 billion in the Greek economy that needs filling, the coalition government led by Prime Minister Antonis Samaras has no plans to institute...
Cyprus
Cypriots Being Cooked Like Frogs
As long as Cyprus country is ruled by a corrupt politicocracy and governed by morally impoverished politicians nothing good will come out of it; the primary reason the Republic has so far bitterly failed its citizens.
Cyprus has become the...