EU

ATHENS – Finance Minister Evangelos Venizelos reiterated that Greece will do whatever it takes, including following the demands of the European Union-International Monetary Fund-European Central Bank Troika lending the country $152 billion to stay afloat, and challenged private dissenters...

IMF/EU/ECB ask for additional measures of €4 billion for the period 2011-2015 besides measures of €6 billion already included in the draft budget of 2012. Troika representatives continue technical consultations, seeking new measures, while its senior officials prepare the final...

Representatives of Greece's international creditors (IMF, EU and ECB), who have been in Athens for the past week, continue to apply pressure for further guarantees from the Athens government on the faithful introduction of the Medium-Term Economic Programme agreed...

Cyprus will assume the six monthly rotating EU presidency in July 2012 whether some wish it or not, President of the Republic of Cyprus Demetris Christofias said on Sunday. Speaking during the annual anti-occupation event organized by Morphou Municipality and...

  ATHENS - The International Monetary Fund's representative in Greece has warned that a $152 billion bailout of rescue loans may not work because he said the country's leaders are dragging their feet on critical structural reforms. The IMF, along...

Eurozone members were considering a possible Greek debt write-down of up to 60 per cent, German negotiators told dpa on Sunday, hours before German Chancellor Angela Merkel was due to meet French President Nicolas Sarkozy for talks in Berlin. Sources...

The year 2011 will be a difficult one for small and medium-sized enterprises (SME) in Greece, while France records a slight recovery. This emerged from a report on SMEs published today by the European Commission. According to the report, the...

ATHENS - Wracked by recession, Greece will not meet deficit targets imposed by international lenders as a condition of a $152 billion bailout designed to keep the country from going bankrupt, the Finance Ministry admitted.The deficit is expected to...

ATHENS - Struggling to pay back international investors who are demanding – and getting – usurious interest rates nearing 70 percent for two-bonds, Greece is reporting considering a new idea to pay them back – in the 22nd Century. One...

ATHENS -  Greece will know on Oct. 13 whether international lenders will release an $11 billion loan installment needed to keep the country from going bust and unable to pay its workers and pensioners, German Finance Minister Wolfgang Schauble...