Greece
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Juncker

Samaras Sets the Tone with Troika Coming to Town

ATHENS – Moments after his Cabinet, stocked heavily with members from his own New Democracy party, was sworn in, Greece’s new Prime Minister Antonis Samaras put them to work on dealing with the country’s crushing economic crisis, in preparation...

The Greek Elections: The World is Watching

ATHENS – Some 9.9 million Greeks are eligible to vote in the critical June 17th elections that could decide whether Greece keeps austerity and the euro, or rejects the bailouts that came with the attached pay cuts, tax hikes...

Bakoyianni Says Greece Betrayed Small Investors

ATHENS – A deal for Greece to reduce its debt by $134 billion by imposing big losses on those holding the country’s bonds may have helped keep the economy upright for now, but has devastated small investors, Democratic Alliance...

Venizelos Warns PSI Holdouts: We Won't Pay

ATHENS – Greek Finance Minister Evangelos Venizelos, drawing a line in the sand, has told private investors in Greek bonds who don’t want to take losses as part of ongoing Private Sector Involvement (PSI) negotiation that they will be...

Troika Says Greece Will Need Third Bailout by 2015

ATHENS – The ink isn’t dry yet on a second bailout to save Greece – this one for $172 billion after a first for $152 billion didn’t slow the country’s slide toward default, but the international lenders putting up...

Papademos Gave Up Salary, Rejects Bailout Commissioner

ATHENS -  Greece’s interim Prime Minister Lucas Papademos says he gave up his salary as soon as he was appointed three months ago – President Karolos Papoulias did so earlier this month, relinquishing his annual $400,000 pay. Papademos made...

Eurozone Chief Wants EU Oversight of Greece

ATHENS – While Greece has passed more austerity measures to give guarantees for a second bailout of $172 billion to keep the country from defaulting, mistrust among leaders of the international lenders hasn’t abated, with Eurozone chief Jean-Claude Juncker...

Eurozone Chief Says Greece May Need Third Bailout

ATHENS - With the ink still not dry on a second bailout for Greece - this one for $172 billion to go along with a first ongoing series of $152 billion in rescue loans to keep the country from...

Troika Warns Greece: Comply or No More Aid

ATHENS – Despite a second bailout and a pending deal with investors to write down as much as $134 billion in debt, Greece will not be eligible for continued foreign aid if it does not comply with demands to...

With Greece on “Razor’s Edge”, Lenders Insist: Comply or Default

ATHENS – As Interim Prime Minister Lucas Papademos tried to keep leaders of his coalition together in a desperate attempt to win a consensus on reforms needed to keep international aid coming, the government was told it has no...