Greece
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Lucas Papademos

Elections And New Measures Cause Government Turbulence

Greek government’s tenure is determined by the work to be done, said spokesman for Greek PM Lucas Papademos, in an attempt to deal with the ministerial paralysis due to an unofficial pre-election period. Infrastructure Minister Makis Voridis, a LAOS MP,...

Greece: The Incredible Shrinking Country

ATHENS – Even as interim Prime Minister Lucas Papademos, who is leading a temporary coalition government, insisted that he’s on track to keep international aid coming and eventually right the technically-bankrupt country, statistics show the economy is contracting worse...

IMF Says Greeks Taxed-Out; 150,000 Will Lose Their Jobs

ATHENS – Buried under waves of austerity measures, beleaguered Greeks shouldn't have to suffer any more tax hikes, one of its principal international lenders, the International Monetary Fund, said, but the government is still proceeding with plans to reduce...

Politicians Revive Elections Talk

Just seven days after the enactment of the new budget plan, PM Lucas Papademos plans to convene a cabinet meeting in order to speed up implementation of government’s work. This development confirms assessments that the government has sunk into inaction...

Anna Diamantopoulou Says Papademos Government Must Be Given Time

Greek Prime Minister Lucas Papademos must be able to reshuffle his Cabinet and be given time to implement budget cuts to avert an economic collapse, Education Minister Anna Diamantopoulou said. “The prime minister must have the option of a reshuffle,...

Europe Changes the Money Rules, Greece Still at Risk

European leaders have agreed to set tighter rules over spending and deficits and will pump an additional $268 billion into a new reserve structure to help ailing countries, but[...]

Papademos Probably Right for Greece

Based on a new opinion poll by Kapa Research, which was made on behalf of the newspaper in Greece “To Vima” about what the people of Greece think of their new Prime Minister, Loukas Papademos, 72.9% of the Greek public...

Papandreou Being Pushed Out by His Own Party

ATHENS – A growing number of PASOK Socialist ministers and lawmakers are intensifying the pressure on their leader, former Prime Minister George Papandreou, to step aside quickly and let the party find a new leader ahead of snap elections...

PASOK and New Democracy at Daggers Drawn Over Past

Just as the European Union is experiencing the most serious economic crisis in its existence and with Greece on the verge of bankruptcy, the two major parties forming Greece's national salvation government are taking every opportunity to clash and...