financial crisis

The "pundits" in the Eurogroup that devised the "plan" to "save" Cyprus by confiscating people's money directly from their bank accounts, said and keep saying that the measure is not going to serve as a template for other European Union...

The Russian news agency ITAR-TASS says that there is not a restructuring offer for Cyprus on the table, however an offer has been "initiated." Russia's Gazprom has not offered the Republic of Cyprus financial assistance in restructuring the country's banks...

Russian energy giant Gazprom has offered the Republic of Cyprus a plan in which the company will undertake the restructuring of the country's banks in exchange for exploration rights for natural gas in Cyprus'’ exclusive economic zone, local media...

By Bill Frezza* - It is often said that to get a glimpse of our future we should study the lessons of the past. Or we can observe the fate of those marching a few steps ahead of us...

BBC's Mark Lowen roams throughout Greece sending reports from the ground to describe the actual situation of the country affected by crisis.  His latest report titled "Greece sees exodus from city to country life'" is from Pahikalamos village in...

The world-class British network BBC reports that Greek tourism is at an ominous state in light of the coming summer season. A BBC journalist traveled to Zakynthos to write a rather disappointing article about Greece’s once highly successful industry....

“Cyprus can't rule out external support for Greek-ravaged bank,” is an article on Reuters reporting that Cypriot Demetris Christofias, having evaluated the critical financial situation of his country, can’t exclude a bailout package for Cyprus. Christofias said on Friday he...

Greek families struggle to cope with the austerity measures imposed by the IMF and the EU. Some of them cannot afford to cover basic needs of their children and have appealed to the SOS Children's Villages, which reports an...

Famous director and writer Emir Kusturica opened the 9th International Book Fair in Thessaloniki, where he presented his new book And Where Am I in the Story? The Serbian director/writer could not escape questions about the financial crisis and commented...

In the past ten days, 5 people of different professions and area of residence committed suicide due to the financial crisis and the Memorandum policy. The first incident was internationally broadcast: Dimitris Chrystoulas, a Greek pharmacist pensioner, who committed suicide...