Greek Crisis
Economy
Jens Weidmann: Greece Must Keep Bailout on Track
Greece must get its reform program back on track if the so-called troika of the European Union, IMF and European Central Bank judges that it has deviated from the plan, Bundesbank President Jens Weidmann was quoted as saying on...
Economy
Lagarde: IMF Team to Head to Greece As Soon As Government is Formed
The International Monetary Fund (IMF) will send a team to Greece to review the country's stumbling rescue program as soon as a new government is formed, IMF managing director Christine Lagarde said Tuesday.
"We will wait until a government is...
Greece
Increase In Tomb Raiders, Lack of Cash
Driven by the serious economic crisis bringing the country to its knees, a growing number of Greeks are becoming makeshift ''treasure hunters'' (although it might be more appropriate to call them ''tomb raiders'') and have taken to digging up...
Economy
Merkel: Greece Must Stick to Bailout Terms
German Chancellor Angela Merkel is insisting that Greece must implement the reforms it agreed to in exchange for rescue loans from international creditors.
German news agency DAPD reports that Merkel said at the Group of 20 summit in Mexico that...
Greece
Costas Simitis Urges Coalition Government
Former Greek Prime Minister Costas Simitis said New Democracy, Pasok and Democratic Left are obligated to form a stable and effective coalition government, Skai TV reported, without saying where it got the information.
Simitis, the former head of the socialist...
Economy
Sigh of Relief at G20 Summit Over Greek Election
Leaders of the world's largest economies began to assemble Sunday in a Baja California desert resort just as Greece's pro-bailout New Democracy party won the national elections, a vote for the financial status quo that could keep panic under...
Economy
Guido Westerwelle: Greece Must Keep Its Promises
On the evening of a Greek election crucial to the future of the euro, German Foreign Minister Guido Westerwelle joined other German politicians in a pledge to help Greece on Sunday, but warned that the new government must stick...
Economy
The Election That Could Change the Global Economic Landscape Have Begun
Ballots have opened nationwide in Greece for a critical general election that will determine whether the debt-laden country will complete painful austerity reform or see its eurozone future jeopardized.
Some 9.8 million Greeks began voting at 7am local time on...
Greece
Desperate Mother Who Stole Milk Released from Charges of Theft
The 32-year-old mother who stole milk and ice-cream to feed her starving kids was left free of charge in Heraklion, Crete. The Heraklion prosecutor had issued an arrest warrant against her yesterday, but the day after she was acquitted....
Economy
Merkel: Hope Greek Election Will Produce a Government that Keeps Promises to Europe
German Chancellor Angela Merkel says she hopes Greeks will elect a new government that stands by the country’s promises to international creditors in this weekend’s election.
Greeks vote Sunday amid fears the country could be forced out of the euro...