George Papandreou
Economy
As Greeks Rage, Merkel Says Germany Backs a “Strong Greece”
ATHENS – As Prime Minister George Papandreou’s PASOK Socialist Members of Parliament unanimously supported an emergency property tax as part of crushing new austerity measures ordered by international lenders in return for money to keep Greece from going bankrupt,...
Economy
Transport Strikes Grind Athens to a Halt
ATHENS - Growing rage – and fear – over the loss of jobs, pay cuts and tax hikes led transportation workers to continue their strike in Greece on Sept. 27, making downtown Athens a sea of stopped vehicles clogging...
Economy
Papandreou: Greece Will Deliver On All Its Pledges
Prime Minister George Papandreou said he can "guarantee" that Greece will deliver on all the austerity pledges made for its first EUR110 billion rescue program, and reaffirmed that the country will reach[...]
Economy
IMF Chief Lagarde Says Patience Thin on Greece
As inspectors for international lenders returned to Athens to determine whether to release an $11 billion loan installment needed to keep the country from going bust, International Monetary Fund chief Christine Lagarde said investors are weary of helping Greece. “If the Greeks do not want our advice[...]
Economy
Second Greek Bailout May Be In Jeopardy
As the drumbeat of default expectation grows in Athens, Europe and the United States, German Finance Minister Minister Wolfgang Schaeuble, whose country is footing the biggest part of a failed $152 billion bailout for Greece, said it will take...
Economy
Venizelos Says Greece “Scapegoat” But Will Survive Crisis
With the economic world holding its breath over fears that Greece will default, Finance Minister Evangelos Venizelos told an international audience of bankers in Washington, D.C. that his country[...]
Economy
Bad News for Banks: Greece May Not Pay Them
As Greece daily steps closer to defaulting on its loans, Finance Minister Evangelos Venizelos has[...]
Economy
European "Union": Goodnight and Good Luck, Greece
"You either keep your word and push the mid-term program immediately or you will not be given the next trench", said Troika officials to George Papandreou and Evangelos Venizelos. Surely it must[...]
Economy
Back to the Drach? Papandreou May Let Voters Decide
ATHENS – As pressure builds on Greece to default, Prime Minister George Papandreou is reportedly mulling a referendum to let the people decide whether to give up the fight to stay in the Eurozone, abandon the euro, and return...
Economy
Greeks Gird for More “Blood and Tears” Economic Hits
With Greece still poised on the edge of bankruptcy and growing predictions the country will fail, Prime Minister George Papandreou said he will institute new deep cuts in public spending – another 20% pay cut for workers and a...