Greek Crisis

Greece will overcome the crisis and stay in the euro, the head of the conservative New Democracy party Antonis Samaras vowed ahead of a general election on Sunday critical for the country's economy. "We will exit the crisis. We...

With two days until the elections in the country, Greece's former Prime Minister, George Papandreou, has made an appeal to the Greek people, saying that the country's current objective must be to implement widespread reforms. Writing on his personal website,...

In its fifth year of recession, Greece is trying to tackle economic hardships, political instability and social despair. Stress, anger and despair are taking over Greeks who are finding themselves drawn deeper into their politicians’ stale and inefficient tactics. According...

Extreme political uncertainty, rampant corruption, queues forming at soup kitchens, and aid from non-governmental organizations (NGOs)—all these are more commonly associated with countries still developing Western-style economies. “We are moving from being a Western country to a poor country,” George...

<img class="alignleft wp-image-51845" title="" src="https://greekreporter.com/wp-content/uploads/2012/06/carrefour-tripolis.jpeg" alt="" width="206" height="119">French supermarket chain Carrefour Group Friday said it will sell its ownership in the Carrefour Marinopoulos joint venture to Marinopoulos Group and will record a non-cash charge of 220 million euros...

Already faced with foreigners staying away, Greece's sun-kissed islands are now experiencing the final insult: a collapse in domestic tourism. And for those dependent on tourism for their livelihoods on Aegina, an island reached by hovercraft and best known for...

Major central banks are prepared to move to stablilize financial markets if they are roiled by the result of Sunday's Greek elections, Reuters reported Thursday, citing Group of 20 officials. "The central banks are preparing for coordinated action to provide...

Greece's leftist Syriza party wants to keep the country in the euro zone despite not agreeing to the austerity measures accompanying Athens' second EUR130 billion agreement, its president said Thursday, ahead of this weekend's elections. Speaking at Syriza's last major...

After showing choppy trading in the Asian session on Thursday, the Australian dollar dropped against other major currencies in early European deals as investors remained cautious ahead of the second round of Greek elections, which will take place this...

French bank Credit Agricole (CAGR.PA) is considering walking away from its Greek Emporiki Bank unit and letting it fail if Greece leaves the euro zone, the Wall Street Journal reported on Wednesday, citing a person with direct knowledge of...