EU
Economy
Another Greek Strike Draws Yawns, No Violence
ATHENS – After 18 months of protests, riots and strikes, another walk off the job by Greek workers on Dec. 1 shut down many services in the capital and elsewhere in the country, but there was no repeat of...
Economy
Greece Gets it Loan, but Worries Mount Faster
ATHENS – After weeks of anguish, Greeks found out that international lenders providing the country with a series of bailout loans will release a delayed $11 billion installment needed to keep paying workers and pensioners, but it curiously did...
Economy
Greek Statistics Chief: "I’m Being Prosecuted for Not Cooking the Books”
ATHENS – Greek Statistics Chief Andreas Georgiou, an American-trained economist and former chief of numbers for the International Monetary Fund brought in last year to restore accuracy to the country’s reporting systems, says a pending probe against him on...
Cyprus
Turkey Offers to Open Ports, Airports to Cyprus – if EU Reciprocates
Only a few days after Turkish President Abdullah Gul called the Greek part of Cyprus “half a country” and said his country will not recognize the upcoming Cypriot rotating European Union Presidency nor deal with it, Turkey has reportedly...
Economy
Papademos Pushes for Broader Parliamentary Support
ATHENS – Interim Prime Minister Lucas Papademos, in a bid to keep together a fractious coalition and get other splinter parties to support a second bailout from international lenders and more austerity measures, said he will meet with Members...
Economy
Greece: Where the Poor Have Yachts and Helicopters
Even as the Greek Finance Ministry failed to meet yet another vow to release the names of individual[...]
Economy
No Power Cut-Offs for Property Tax Bill Non-Payments
After growing outrage at a so-called “emergency” property tax that was put into electric bills under the threat of having power turned off, wages garnished or properties seized for non-payment, the[...]
Economy
Samaras Splits New Democracy Over EU Letter
A letter sent to European Union officials by New Democracy leader Antonis Samaras pledging his[...]
Economy
Report: Troika Backs Down to Samaras, No Signatures Needed
Reversing itself after insisting that leaders of Greece’s new coalition government would have to sign[...]
Economy
Venizelos Unveils Rosy 2012 Budget Draft
ATHENS – As Greece continues to teeter on the edge of bankruptcy and is surviving on a series of international loans, Finance Minister Evangelos Venizelos presented a 2012 budget blueprint that said the state would take in more money...