Greek austerity measures

The EU auditors together with the Greek government, posed  the question of raising the Greek VAT on food on the agenda of discussions. According to a European Commission study, the Greek government collects around €15 billion a year from...

Antonis Samaras, the Greek Prime Minister, was in Brussels yesterday to plead for solidarity from the European countries. Right now, Greece still faces the possibility of new austerity measures and a third bailout. The Prime Minister was invited to...

Greek Prime Minister Antonis Samaras warned again Sunday that the debt-crippled country could be forced out of the euro if parliament fails to approve a new round of austerity measures needed for a lifeline from creditors. "We must save the...

While Greek workers protest in the streets against the new austerity measures, the Minister of Finance, Yiannis Stournaras, managed to finalize the package of budget cuts for the 2013-2014 period, and, following a meeting lasted over three hours, reached...

Charles Dallara, managing director of the Institute of International Finance, said that he is optimistic about Greece's long-term prospects, but estimates that the next few months will be a crucial test for the debt-wracked country, following a general election...

A Greek couple fearing for their jobs threatened to commit suicide by jumping from the window ledge of their office in Athens. Both are now safe: the husband was first persuaded to come down but the wife remained for about...

Greek austerity measures for 2011 and 2012 have been legislated and need to be implemented to remove the country from “mortal danger,” Finance Minister Evangelos Venizelos told reporters in Thessaloniki late yesterday, according to an e-mailed transcript sent by...

Greek tax legislation changes resemble pretty much Latin American soap opera episodes[...]