EU

Greece is making achingly slow progress with fiscal and structural reforms but woefully behind in other key areas and is facing a funding gap that needs to be filled somehow, according to the European Commission's report on the third...

Three years after international bailouts began to keep Greece's economy from imploding, the government has spent a first rescue package of $152 billion and is working its way through a second of $173 billion but the country's debt is...

German Finance Minister Wolfgang Schaeuble, whose country has insisted on harsh austerity measures in Greece in return for being the biggest contributor to $325 billion in two bailout loans, said that Berlin is not hiding the real costs to...

With the Greek Parliament in summer session, and only 100 of 300 members needed to be present, Prime Minister Antonis Samaras has quietly sent the body  a bill that would allow public sector reform to be imposed by presidential...

Fresh on the heels of the Eurozone approving another 4 billion euros ($5.3 billion) in loans and aid, a European Commission official acknowledged that Greece faces a funding gap of some 3.8 billion euros ($5.04 billion) next year but...

One of Greece's Troika of lenders the International Monetary Fund, on July 29 will decide whether to to release its current commitment of 1.8 billion euros ($2.39 billion) and reportedly wants more pay cuts and curtailing of worker rights...

In a continuation of the constant cat-and-mouse game it plays with Greece, Eurozone officials on July 26 approved the release of a briefly-delayed 2.5 billion euro ($3.31 billion) overdue loan installment after the government approved amendments to complete its...

Greece's Finance Ministry has admitted what everybody in Greece already knew: the government has been playing favorites with VIP's and allowing them to dodge taxes, with inspectors checking with supervisors before deciding how to handle the case of people...

With Greece's international lenders still wavering over when to release more loan installments until the government fulfills all previous requirements, Prime Minister Antonis Samaras is pushing his Cabinet ministers to go full speed ahead to make sure everything conforms...

Greece will use more than half of an incoming loan installment of 4 billion euros ($5.27 billion) from the Eurozone to give back to investors and banks who hold Greek bonds instead of using it for social services, in...