IMF
Economy
Nov. 17: Get Ready for a Different Kind of Uprising
On Friday night, Nov. 16, 1973, police started facing off against protesters inside and outside the Athens[...]
Economy
So Much for Unity – Samaras Won’t Sign Troika Deal
ATHENS – Just a few days after Greece got a coalition government charged with pushing through more austerity measures to get a second bailout of $157 billion from international lenders, New Democracy leader Antonis Samaras said he’ll refuse to...
Economy
Greek Word Not Good Enough – Troika Wants it in Writing
ATHENS – Even before the dust settled down from the appointment of a new interim Prime Minister, Lucas Papademos, and a coalition cabinet charged with pushing through the Parliament a new bailout of $157 billion from international lenders and...
Greece
Greece's Interim Leader? …. To Be Continued
ATHENS - After three days of political feuding that angered Greeks worried whether it would jeopardize international rescue loans, a new coalition government was said to have been formed with Parliament Speaker Filippos Petsalnikos, a political unknown outside Greece,...
Economy
Papademos Said to be Greece’s Interim Leader Choice
ATHENS – With the political infighting over, Greece’s interim Prime Minister to head a coalition government to enable the country to keep getting critical international loans seems likely to be former European Central Bank (ECB) Vice-President Lucas Papademos. The...
Economy
Papandreou Scraps Bailout Referendum, Seeks Coalition Government
ATHENS – Faced with defections by his Finance Minister, Cabinet official and Members of Parliament of his ruling PASOK Socialist party, Prime Minister George Papandreou has quickly withdrawn his plans[...]
Economy
Greece’s Choice: In or Out of the Eurozone
As Greek Prime Minister George Papandreou was being cross-examined by European leaders on his stunning call for a referendum in his country on international bailout loans and the austerity measures he imposed as a condition, German and French officials...
Economy
Papandreou’s Referendum Call Rattles Markets, Threatens Bailout
Greek Prime Minister George Papandreou’s surprise announcement will ask voters to decide the fate of international bailout loans and his wobbly Administration through a referendum sent shock waves through the markets, rattling Wall Street, angering European leaders who just...
Economy
Greek Unemployment Hits 17.6% – and Climbing
Despite 18 months of pay cuts, wage hikes, and slashed pensions, a $157 billion bailout – and now forgiveness of half of its new debt – Greece’s unemployment rate has reached 17.6 percent, the second highest in the European...
Economy
Harvard Professor Says Greece Will Exit Eurozone
A plan to wipe out 50 percent of Greece’s debt to international lenders is not enough to keep the economy from collapsing and eventually forcing Greece to leave the Eurozone, the 17-country institution of members using the euro as...