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Greek government

Greeck Government Plans Bailout Revisions

Greece's new coalition government is developing proposed revisions to tough austerity measures that were imposed under an international bailout agreement. The cash-strapped government issued a statement Saturday that says it would try to repeal some taxes, freeze public sector layoffs...

The Greek Coalition Government's Top Priorities

New Democracy, PASOK and Democratic Left parties have participated in the coalition government and have presented a common government programme. Their ultimate purpose is to re-negotiate with the EU over changes in the bailout terms. They will make efforts so...

Greece Outlines New Greek Government; Prime Minister

A new Greek Government will be shaped by a New democracy (center right), PASOK (socialists), and DIM.AR (left) coalition, according to comments of the majority of Greek media. PASOK leader Evangelos Venizelos and DIM.AR leader Fotis Kouvelis commented positively on...

New Democracy Conservatives Win Greek Election: Final Results

The pro-austerity New Democracy Conservatives won the critical June 17 elections, edging out the anti-austerity Coalition of the Radical Left (SYRIZA) but without enough of the vote to form a majority government, thus necessitating a coalition. As central banks stood...

Greek-Australians Exempt from Pension Cuts

After an agreement made between the Greek and Australian government, Australia decided to exempt Greek-Australians from the new changes affecting age pension or disability support pension recipients. The Federal Government's announcement stated that annual welfare payments will be reduced depending...

Crisis, Taxes and Poor Clergymen. Or Maybe Not?

In Greece during 2012, austerity measures, political and financial scandals, wage cuts and Greeks committing suicide are on the front-pages. While Greek politicians give interviews to journalists about the crisis and with the country's May 6 upcoming elections, some citizens raise...

20.2 bln Euros of Foreign Law, SOE Bonds to be Included in Swap Deal

Greece said Thursday a further EUR20.2 billion of Greek government bonds will be swapped over as part of its debt restructuring plan and that a deadline to the second leg of the agreement has been extended to April 20. According...

Greek Government To Announce PSI Results Early Friday

The Greek government will announce early Friday the results of investors' participation in the country's ambitious debt restructuring plan, known as the Private Sector Involvement, or PSI, a person close to the finance ministry said Thursday. An announcement will be...

Parliament Debates Debt Deal Amid Protests

The Greek government braced for further anti-austerity protests Wednesday while the country's parliament was debating legal changes that would clear the way for a massive debt restructuring to keep Greece from defaulting on its loans next month. The legislation, which...

Papandreou Urged Papademos to Reshuffle

PASOK president George Papandreou gave the "green light" to PM Lucas Papademos to reshuffle the current government, according to protothema. During the meeting of the three political leaders involved in Papademos’ government, Papandreou raised the problem of the government’s performance....