Greek Crisis

There’s something noticeably ironic about the fact that the current European crisis began in Greece[...]

The Greek parliament has given its final approval to the latest package of austerity measures. The new measures include pay and staff cuts in the civil service as well as pension cuts and tax hikes for all Greeks. Former Labour Minister...

Greece will get back to levels of economic output recorded in 2009 within two to three years, economy minister Michalis Chrisochoidis says in an interview to be published Thursday, although it will take around 10 years for the country...

Antonis Samaras, the leader of Nea Dimocratia (ND), Greece's main centre-right opposition party, declined an invitation from socialist Premier George Papandreou to attend the European summit in Brussels on Sunday with him. During a phone call this morning between the...

Finance Minister Evangelos Venizelos said the government was prepared for tough negotiations with its European partners. “Saving Greece means saving Europe,” Venizelos told President Karolos Papoulias in a meeting in Athens today. There is great uncertainty in Europe and the...

The head of Germany's biggest bank, Deutsche Bank, is conducting talks over a 50-percent write-down of Greek debt in his capacity as chairman of the global banking lobby, a newspaper reported Sunday. Citing both government and banking sources, the mass...

State schools closed, hospitals running only on emergency staff, trash piling up, trains halted, metro and cabbies on strike, tax offices closed, customs officers walking out of their jobs, airlines grounded[...]

Sol Square in Madrit, Tahrir Square in Cairo, Green Square in Tripoli, Syntagma Square in Athens, Zuccotti Park in New York and now Paris, London, Tokyo, Brussels and the list goes on and on. Greek indignandos gathered up for once...

German Finance Minister Wolfgang Schaeuble said Saturday that euro-zone members were confident of resolving Greece's debt woes. He also said G-20 finance ministers and central bank governors meeting in Paris acknowledged the efforts made by the euro zone to contain...

Greek bondholders are preparing to lose as much as 60% of their investments as European leaders try to impose a solution that reduces Greece’s debt burden by enough to end the debt crisis, according to Bloomberg. “Everyone is coming to...