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New Democracy

Greek Business Needs 20B Euro Shot

With Prime Minister Antonis Samaras touting Greece as a burgeoning "success story," and a recovery from a crushing economic crisis, a study for an investment fund has found the country needs a  20-billion euro ($26.27 billion) liquidity injection to...

Health Minister Georgiadis Assaulted at Hospital

New Health Minister Adonis Georgiadis, whose appointment in a Cabinet shakeup raised eyebrows because of his extreme stances, got a hostile reception and a beatdown when he visited Attikon Hospital in Athens from staff angry he's going to be...

Recapitalized Banks To Fire Workers, Close Branches

The first order of business for Greek banks who are getting 50 billion euros ($65.5 billion) in free money from the government in a recapitalization will be firing workers and closing branches. It is estimated that in the first phase...

Greek Lawmakers OK Job Cuts

With a slim majority of 153 votes in the 300-member Parliament, the coalition government of Prime Minister and New Democracy Conservative leader Antonis Samaras and PASOK Socialist leader Evangelos Venizelos, shortly after midnight on July 18 got approval to...

Showdown Day on Greek Multi-Bill

Greek Prime Minister Antonis Samaras' uneasy coalition government faces a challenge on July 17 when a reform bill with more than 100 items, including schemes that could lead to the firing of as many as 40,000 public workers goes...

Greek Job Cuts Protest Fizzles Out

Thousands of protesters took to the streets of Athens on July 16 during a 24-hour general strike called by the country's two largest labor unions, ADEDY representing public workers and GSEE representing private workers. It came a day ahead of...

Samaras Tells Banks To Start Lending

With the Greek government moving to recapitalize and stabilize banks, Prime Minister Antonis Samaras told the heads of the four biggest financial institutions that they should start lending against to to help ease the shortage of liquidity and boost...

Parliament Votes to Indict Papaconstantinou

Former finance minister George Papaconstantinou will face a panel of judges on charges of tampering with a document and breach of duty after being indicted by the Greek Parliament in a secret ballot so lawmakers names wouldn't be revealed....

Greeks Squeezed For 7B Euros In Taxes

With expected tax revenues far off expectations because of the effect of austerity measures, Greek taxpayers are being pushed to come up with 7 billion euros ($9.13 billion) in tax payments due this year at the same time the...

Venizelos Faces Angry Protests in Crete

Greek Deputy Prime Minister Evangelos Venizelos, the PASOK Socialist leader who was named to the key post by Prime Minister Antonis Samaras, the New Democracy Conservative leader, after reversing his opposition to the firing of public workers, had to...