Lucas Papademos
Economy
Greek Economy Still Floundering, But Out Of Default
ATHENS – Greece may still be broke, but it’s not in technical default anymore. The ratings agency Standard & Poor’s raised the country’s credit grade to low-speculative on May 2, taking it out of default as expected, after Greece...
Economy
Venizelos Urges Greeks to Stop the Far Right and Left
ATHENS – Hoping to capture a center ground as many of Greece’s political parties are shifting toward extreme positions in hopes of garnering more popular support for the May 6 general elections, PASOK Socialist leader Evangelos Venizelos told Greeks...
Greece
Papademos Warns Against Europhobia Ahead of Elections
Greek prime minister Lucas Papademos has said that the country’s place in the European Union must be defended.
Against a backdrop of deep debt, cuts and unemployment, Papademos warned against europhobia as Greeks prepare to vote in next month’s election.
“The...
Economy
Samaras: No Citizenship for Immigrants, Water Cannons for Protesters
ATHENS – Reaching out to Right-Wingers who are leaving his Conservative party ahead of the May 6 elections, New Democracy leader Antonis Samaras said he would get tough on crime, repeal laws giving citizenship to second generation immigrants born...
Economy
Dimas, Lambrakis, Give Away Their Good Names to Politicians
ATHENS – Since it’s apparent that new PASOK Anti-Socialist leader Evangelos “Mr. Tax Man,” Venizelos, the World Heavyweight Bombast Champion, is leading his party to defeat in the May 6 election, and as the leading New Democracy Capitalists are...
Economy
Bank of Greece: Recession Getting Worse, More Cuts Needed
ATHENS – Bank of Greece Governor George Provopoulos has given another dire warning about the country’s economy, foreseeing that the Gross Domestic Product (GDP) will shrink 5 percent this year and urged whomever wins the May 6 elections to...
Economy
Olympic Champ Dimas on PASOK Ticket, Lambrakis to New Democracy
ATHENS – Still lagging in the polls as the May 6 elections approach, the PASOK Socialist party has recruited former Olympic and World Champion weightlifter Pyrros Dimas, who had vowed he would never be involved in politics, to head...
Economy
Greece Will Bail Out Its Banks, But Not Its People
ATHENS – After imposing mandatory losses of up to 74 percent on its own banks, Greece is ready to give it all back through a plan to recapitalize them with $64.4 billion, a bailout paid for by the taxpayers....
Economy
Greece Risks Leaving Eurozone, Says Venizelos
ATHENS – PASOK Socialist leader Evangelos Venizelos said he believes the May 6 elections will not give his party or their bitter rival opponents of the New Democracy Conservatives a mandate, and that the uncertainty is raising the possibility...
Economy
Venizelos Backs Away From Papandreou, Trying to Buy Time For Greece
ATHENS – PASOK Socialist leader Evangelos Venizelos, whose party is floundering in the polls, said if elected Prime Minister in the May 6 elections he would push international lenders who have imposed austerity measures on Greece that he supported...