EU

The European Commission didn't play a role in the process that saw Russian giant OAO Gazprom withdraw its bid for Greece's natural-gas monopoly DEPA, a European Union spokesman said on June 11, amid speculation that the United States was...

With envoys from international lenders in Athens to check the country's books and the pace of reforms, the Greek government is going to ask again for permission to lower the 23 percent Value Added Tax (VAT) in restaurants. The Troika...

While the Greek economy shrank 5.6 percent of Gross Domestic Product (GDP) in the first quarter this year, the Finance Ministry said the primary deficit also fell as deep spending cuts offset less-than-expected tax revenues that were far off...

Greece's major opposition party Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras has lambasted Prime Minister and New Democracy Conservative leader Antonis Samaras for staying with austerity measures ordered by international lenders even though the International Monetary Fund...

Α project  of a total budget of 5,922,129.14 euros for the promotion of Greek olive oil to the markets of the USA, Canada, Australia and Norway, is going to run after the contract signed between SEVITEL and the Alternate...

On the heels of the International Monetary Fund (IMF) admitting it vastly underestimated the effect of austerity measures in Greece demanded as part of bailouts, Prime Minister Antonis Samaras will have to negotiate tough new terms with the country's...

European Union Economics Chief Olli Rehn had harsh words for the International Monetary Fund Friday as he responded to a report by the IMF criticizing the European Commission over the Greek bailout. "I don't think it's fair and just that...

Greece has the highest percentage of self-employed, according to data released by Eurostat for 2012. According to Eurostat, 32 percent of the people who work in Greece are self-employed, compared to 15.1 percent in the Eurozone and 15.2 in the...

The European Commission, one of the Troika of Greece's rescue lenders, took a big step back on June 6 from an International Monetary Fund (IMF) report that said the bailouts were flawed because austerity measures had a more...

Inspectors from Greece's international lenders saw some procedural problems on their first day in Athens - after three years of pleading, urging, insisting and demanding - the government still has done little to revamp a tax collection system that...