LAOS
Economy
Greece Gets it Loan, but Worries Mount Faster
ATHENS – After weeks of anguish, Greeks found out that international lenders providing the country with a series of bailout loans will release a delayed $11 billion installment needed to keep paying workers and pensioners, but it curiously did...
Economy
Samaras Splits New Democracy Over EU Letter
A letter sent to European Union officials by New Democracy leader Antonis Samaras pledging his[...]
Economy
General Strike in Greece Set for Dec. 1
The new coalition government led by interim Prime Minister Lucas Papademos is not getting a reprieve from Greek workers, who will take to the streets on Dec. 1 to keep up their protest against austerity [...]
Economy
Troika Loan on Hold, Xmas Bonus, Pensions at Risk
ATHENS – Greece’s interim Prime Minister Lucas Papademos, who is overseeing a shaky coalition of three parties, is trying to persuade international lenders to release a delayed $11 billion loan installment, without which the country will not be able...
Economy
Report: Troika Backs Down to Samaras, No Signatures Needed
Reversing itself after insisting that leaders of Greece’s new coalition government would have to sign[...]
Economy
Papademos Gets Confidence Vote from His Parliament
ATHENS - Interim Prime Minster Lucas Papademos, as expected, easily won a vote of confidence from the Parliament his fractious coalition government controls for the next few months. Papademos, who oversees a shaky deal between the PASOK Socialists and...
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
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...
Economy
Venizelos Blasts Strikers, Says Tax Evaders Will Be Named
ATHENS - As growing numbers of public workers join the ranks of strikers protesting pay cuts, tax hikes, and the layoff of 30,000 workers Finance Minister Evangelos Venizelos blistered them for their actions and said the city was under...
Economy
PASOK Slips, But No Winners Seen
PASOK Slips, But No Winners Seen
ATHENS - Eighteen months after imposing pay cuts, tax hikes and slashed pensions on the working populace in an attempt to stave off bankruptcy, the ruling PASOK Socialist party has fallen further behind the...