Greek government

The Greek government identified the measures to be included in 11.5 billion euros ($14.5 billion) of budget cuts in the next two years as demanded by its international creditors, Finance Minister Yannis Stournaras said. “We have settled on the package,”...

Austerity measures imposed on Greece have resulted in the government giving up almost all state flights. Greece's prime minister has decided to get rid of two of the government's three jets as part of the debt-crippled country's cost-cutting efforts. A government...

Reversing yet another pledge, the Greek government is considering selling or leasing some of the country’s islands in a desperate bid to raise cash to help keep the sinking economy afloat and convince international lenders to keep rescue loans...

Greece's international creditors have called on Athens to provide more details on its 11.5 billion euro austerity plan needed to keep open funding lines to the country, a senior Greek government official said Thursday. In the first meeting between a...

A bill allowing the Greek government to close down dozens of universities as a way of reducing public spending passed Wednesday night in Parliament, as daily Athens News reports. 163 MP's from New Democracy, Democratic Left and the majority of...

British financial journal, The Economist, published an article under the title “Is “Grexit” at hand? Greece has only a couple of weeks left to convince its creditors” expressing doubts whether the Greek government can succeed in convincing Troika that...

ATHENS – European Commission President Jose Manuel Barroso, in his first visit to Greece in three years, told new Prime Minister Antonis Samaras that international lenders want results in implementing more reforms if the country wants to keep rescue...

The Greek government announced on Tuesday the merger or cutting of about 20 public agencies in an effort to axe state spending as called for by the country's EU-IMF lenders. In a statement, the ministry said that 5,256 employees from...

German Finance Minister Wolfgang Schaeuble suggested the euro area could handle Greece dropping out, raising pressure on Greek political leaders struggling to form a government amid a rise in anti-bailout sentiment. “We have learned a lot in the last two...

German Chancellor Angela Merkel is willing to allow Greece extra time to meet its deficit goals, up to the most a couple of weeks, German daily Rheinische Post reported Friday citing government sources. The Greek government, however, announced on Thursday...