Greek debt crisis

Extensive talks are being held lately on the willingness of rich Greeks living abroad to help their debt-ridden homeland with investments that would boost the economy and create new jobs. Although several initiatives have already been organized by Diaspora Greeks,...

Newly elected Bulgarian President Rosen Plevneliev advised Greece to cut at least 100,000 jobs in the immediate future in order to find a way out off the crisis. At the same time he suggests that Greece should follow the example...

The Russian Orthodox Church has officialy started a solidarity aid campaign to help the fellow Orthodox people in debt-crippled Greece. Patriarch Kirill of Moscow and All Russia has called for the gathering of donations from all orthodox churches around the...

The German Green Party held a lecture on the Greek crisis at the Heinrich Böll Foundation in Germany on Monday, which was attended by former PM and leader of the PASOK party Costas Simitis, who stated that the Memorandum...

Turkish daily Sabah reported that an organized trip of 200 Turkish businessmen will visit Greece in September, in order to take part in a privatization plan valued at an estimated 50 billion Euros. The Greek Business Federation made an open...

In its recent report entitled “Europe: The crisis casts media away”, French newspaper Libération refers to the financial difficulties mass press and electronic media are facing throughout Europe, leading to the layoff of hundreds of employees and bankruptcies. In Greece,...

Austrian daily newspaper "Κurier" published a report on the increasingly harsh blow the Greek media must withstand amidst the debt crisis plaguing the country. Newspapers, radio and TV channels are shutting down, while hundreds of journalists and technicians have...

“What really bothers me is the conclusion that Greece is a corrupted country. But who else is corrupted? Which were the French and German companies that did business in Greece? To whom did we sell weapon systems? Even now,...

A new European-wide movement is gaining ground, with people expressing their support to Greece and its people, who are going through extremely harsh financial times for the third year in a row. The original French "Movement of Nantes" unfolded in...

Daily Sydney Morning Herald made an extensive report on a new dramatic phenomenon taking place in recession-hit Greece: Families are beginning to abandon their children because of their inability to take care of them. More and more families, especially from...