Greek Crisis

Greece's two largest labor unions, GSEE and ADEDY, representing public and private workers, will lead another 24-hour general strike on Oct. 18, shutting down much of the country for the third time in a month. The strike and expected protests...

A Greek exit from the euro zone could trigger a global economic crisis of dire proportions and must be avoided at all costs, a respected German think tank said in a study published on Wednesday. "A Greek exit from the...

Greece plans to launch tenders to sell or lease a string of state assets, including its biggest refiner and two largest ports, as it battles to pay down debt and meet the terms of an international bailout. The deals will...

More and more property buyers from abroad are scanning the Greek real estate market for investment opportunities, although for the time being they only seem to be window shopping, as they expect prices to drop further. In a recent report...

Greece's deputy finance minister on Monday said that international creditors had underestimated the impact of three years of austerity on the country's deep recession by using a faulty calculation. Christos Staikouras said the actual fiscal multiplier, or negative effect, of...

European Commissioner for Economic and Monetary Affairs Olli Rehn said Monday that he expects agreement to be reached within the coming days, preferably this week, on fiscal objectives and structural reforms for Greece. In an interview on the sidelines of...

With a general strike already called for Oct. 18 by Greece's two largest labor unions in protest of more impending austerity measures from the government, hospital doctors said they will join and also not work the day before. Oct. 18...

More Greek firms could follow Coca-Cola Hellenic Bottling and move their headquarters to Switzerland or elsewhere to avoid higher taxes at home, Swiss media reports said Oct. 14. Several heads of Greek companies have made inquiries about the advantages of...

The Greek government will reach a deal with a delegation of international inspectors by an Oct. 18 European summit, while a final deal is expected to be reached by a euro-zone finance ministers' meeting scheduled for the end of...

German Chancellor Angela Merkel said on Saturday that Greece seemed to be making headway with its reforms and should stick to the agreements it had made but added that the crisis-stricken country should continue to be given more chances. "I...