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EU

Troika Wants Greek Homes Repossessed

Greece's international lenders are pressuring the coalition government led by Prime Minister and New Democracy Conservative leader Antonis Samaras again to lift a ban prohibiting banks from confiscating homes worth more than 200,000 euros ($260,000) of Greeks who can't...

Tsipras Slams Austerity in Russia 24 Interview

An interview by main opposition ΄Radical Left Coalition΄ (SYRIZA) leader Alexis Tsipras to the Russia 24 television channel on Tuesday, in which he underlined the risk to Europe from harsh austerity and rising neo-Nazism and fascism, was sharply criticised...

No Plan B for Greece Says Stournaras

Greek Finance Minister Yannis Stournaras, who is placing all his bets on austerity and hopes for growth to offset a crushing economic crisis, said it had better work because there's no backup Plan B in place. Despite that, he said...

Brazil Recalls IMF Rep Over Greek Criticism

Paulo Nogueira Batista, Brazil's representative to the International Monetary Fund, who abstained from a vote granting more aid to Greece after he said the idea it could be paid back was "delusional," was recalled by Finance Minister Guido Mantegna...

New Democracy Warns Of SYRIZA Uprising

With Greeks fleeing to their villages and vacations for August, the coalition government headed by New Democracy Conservative leader and Prime Minister Antonis Samaras is gearing up for trouble when they return next month and expected protests against the...

Lagarde Says EU Must Cut Greek Debt

Greek Prime Minister Antonis Samaras' hope that international lenders will yet agree to cut Greece's debt even if it makes them take losses is still alive, at least with International Monetary Fund Managing Director Christine Lagarde, who said Europe...

IMF Says Greece Needs More Money

Two bailouts of $325 billion haven't been enough to slow Greece's economic decline, even with big pay cuts, tax hikes and slashed pensions so the country will probably need more money and debt relief from European countries, according to...

Greece Targets Wrongdoing Civil Servants

Getting ready to transfer or fire up to 40,000 public workers over the next two years on the orders of international lenders, Greece is finally going after those who've been disciplinary problems or been wrongdoers at work. Some 104 civil...

Halki Seminary May Reopen

The long-pursued demand by the Greek community in Turkey concerning the reopening of the Greek Orthodox Seminary on Heybeliada, will be possibly fulfilled. This is what Justice Minister,  Sadullah Ergin, said. “The reopening of the Halki Seminary is among the...

Italian PM Says Greek Bailout Flawed

Visiting Italian Prime Minister Enrico Letta said after a meeting in Athens with Prime Minister Antonis Samaras that the bailout program pout together by the country's international lenders would have caused less of a "financial disaster," if administered better,...