Greek Crisis

According to Dow Jones News Agency, Austrian Finance Minister Maria Fekter said Thursday in a statement on the Austrian Finance Ministry's website that a Greek sovereign default would have a domino effect on all other European countries. "It is about...

Greece defaulting on its debt is certain said Bill Gross, manager of Pimco, the world΄s largest bond fund, according to Reuters. The question was when, not if, Greece would default on its debt said Gross, adding that it was a...

Six senior members of the ruling party called on Prime Minister George Papandreou to step down, state-run Athens News Agency reported, without citing anyone. The members of the Pasok National Council sent a joint letter to Papandreou saying the country...

Ratings says that the announcement by the Prime Minister of Greece of a public referendum to approve the economic and financial conditions associated with the new EU-IMF programme, including the debt restructuring under the 'private sector involvement' (PSI),...

General elections are a ''national necessity,'' Antonis Samaras, the leader of the main opposition New Democracy party told reporters following his meeting with President Karolos Papaoulias in Athens on Tuesday. In a brief statement to the press, the leader of...

“Instead of pouring euros down the drain, it would be much wiser for Germany to sponsor a military coup and solve the problem that way.”  No, this extract is not from a fascist blog. It is from Forbes magazine...

Hunger is increasingly becoming a problem among poor Greek households, with more and more families unable to make ends meet, the Greek branch of the humanitarian aid organisation 'Doctors of the World' warned in a press conference on Wednesday. It...

Horst Reichenbach, who heads a European Union task force helping Greece with taxation issues and modernizing its bureaucracy, said the country will get the technical assistance it needs and that cooperation with Greek authorities was “firmly established.” “There is great...

The Greek government is engaged in exercises on paper for the political handling of the upcoming EU decision, seeking allies in the opposition, but fails –until now- to find any. The government made it clear that it would seek to...

Figures show that one in four commercial businesses in Greece has closed down since the start of the crisis, while it is doubtful that many of those that are still operating today will be open after this coming January. The...