Kouvelis

While details of a 13.5 billion euros ($17.34 billion) plan to cut spending and raise revenues haven’t yet been made available to the public, the package is reportedly in the hands of envoys from international lenders who have to...

Greece’s uneasy coalition government has nearly reached agreement on all the measures in a $14.6 billion spending cut plan, one of its members said, without revealing what they were. Emerging from a meeting with Prime Minister and New Democracy Conservative...

Frustrated by relentless demands from international lenders that Greece make even deeper pay cuts, tax hikes and slashed pensions, Finance Minister Yiannis Stournaras threatened to resign during an intense meeting, the New York Times reported. Prime Minister Antonis Samaras, under...

With polls showing more than two-thirds of Greeks believe the country is headed in the wrong direction, Prime Minister Antonis Samaras is expected to make a national TV address to try to convince a skeptical public to accept more...

Greek Democratic Left (DIMAR) party leader Fotis Kouvelis’ decision to renege on campaign promises to protect workers, the poor and elderly and support more harsh austerity measures on them has sparked a mini-rebellion in the party, with several of...

Greek Prime Minister Antonis Samaras’ failure to convince his reluctant coalition partners to accept all the harsh measures in a $14.6 billion spending cut plan demanded by international lenders means the government will not be able to present a...

With decision on $14.6 billion in new budget cuts stuck in limbo for weeks, Prime Minister Antonis Samaras is set to meet with his coalition partners on Sept. 20 to finalize the measures before presenting them to the Troika...

In a continuing contradiction, a poll shows that 68 percent of Greeks are against the harsh austerity measures imposed by the government on the orders of international lenders to keep lifeline loans coming - but just as many don't...

Looking everywhere for cash, a frantic Greek government is reportedly ready to scrap the tax-free threshold of 5,000 euros, or $6,561 a year and make the desperately poor pay taxes for the first time. The level had been reduced to...

With international lenders turning the screws on Greece - including extending working hours to 78 hours a week and raising the retirement age to 67 - Prime Minister Antonis Samaras was unable to convince his reluctant coalition partners, PASOK...