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Merkel Rules Out More Greek Aid

German Chancellor Angela Merkel, whose country is the biggest contributor to $325 billion in two bailouts to save Greece, has ruled out a third, although Prime Minister Antonis Samaras said that with a 1.5 billion euro ($2.05 billion) primary...

Samaras Says Surplus Topped 1.5B Euros, 70% To Austerity Victims

Greek Prime Minister Antonis Samaras said the country's primary surplus - not counting interest on debt and a slew of other costs - has surpassed 1.5 billion euros ($2.03) billion, enough to stave off the need for additional aid...

Tsipras Says He'd Stiff The Troika

In a wordy statement, major opposition Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras said if his party ever comes to power the first order of business will be to renege on the terms of two bailouts of...

New Democracy's Marx Brothers For Mayor

Next to watching a Marx Brothers movie, nothing is as entertaining these days as watching Greece's New Democracy Capitalists running around like Keystone Cops trying to figure out who's in charge and who's doing what to who and why...

Greece Will Use Primary Surplus For Debt Relief Bid

After previously stating Greece didn't need nor would seek debt relief, the government now is reportedly planning to use a primary surplus that is expected to be larger than first estimated to force losses on international lenders as a...

Stournaras Says Greece Barely Avoided Fiscal Disaster Of Troika Demands

Greek Finance Minister Yannis Stournaras said a coming much-larger-than-expected primary surplus will prove Greece is making a comeback and that if he had accepted demands from international lenders for three billion euros ($4.09 billion) more in austerity measures that...

Provopoulos Again Sees Greek Recovery, Cites Reforms Progress

Bank of Greece Governor George Provopoulos, as he has every year for the past few years, said the country's economy is on the road to recovery, telling an audience at a London think tank meeting that it's because of...

Germany Says No Greek Haircut

The German Finance Ministry, rejecting a report in the news magazine Der Spiegel that said Germany was readying a third bailout package for Greece, reiterated that there is no chance of debt relief and that Greece will have to...

German Document Reveals New Greek Aid Package

German magazine " Der Spiegel" reported on Saturday that Germany is preparing a new aid package for Greece . According to a five-page document of the German Finance Ministry presented in the magazine the new package will be in...

Greek Court Overrules College Staff Benefit Tax

Days after it was reported that Greece's highest court would soon rule unconstitutional the pay cuts to the military and emergency services the government imposed on the orders of international lenders, it has ordered college administrators and staff be...