New Democracy
Economy
Greek Elections Set for April 29 – Will Anything Change?
ATHENS – The brief reign of interim Prime Minister Lucas Papademos, the former European Central Bank (ECB) Vice-President who has been ruling since former premier George Papandreou resigned on Nov. 11, 2011, may end on April 29 if Greeks...
Economy
Anti-Corruption Chief Says Greek Laws Condone Graft
ATHENS - One of Greece’s biggest problems – corruption – not only isn’t getting better but is actually being promoted by laws supposed to prevent it, the head of the Greek office of Transparency International said. “In some cases,...
Economy
Greek Parliament OK's More Wage, Pension Cuts
ATHENS – The Greek Parliament has ushered in a continuing age of austerity for recession-battered Greeks, approving a government package of more deep pay and pension cuts in order to guarantee another rescue package from international lenders to keep...
Economy
Greek Parliament to Vote on Second Bailout
ATHENS - The German Bundestag has given its approval to a $172 billion second bailout of Greece as part of a deal worked out with international lenders after Chancellor Angela Merkel said it would be irresponsible for Europe to...
Economy
Greece Nears Deal to End Siemens Scandal
ATHENS – After four years in delays and a scandal in which $1.8 billion in bribes was reportedly paid to top government officials to secure lucrative contracts, Greece is reportedly set to receive $269 million in cash and in-kind...
Economy
Greece Approves Deal to Wipe Out $142 Billion in Debt
ATHENS – Even as Greek banks chase are set to be bailed out with $47 billion in government funds as part of a second rescue deal with international lenders to save the country from bankruptcy, the Greek Parliament has...
Economy
Despite New Bailout, Sacrifice, Greece Still on Edge of Default
ATHENS – While many political leaders in Greece expressed satisfaction with a new bailout from international lenders – this one for $170 billion needed to pay debts, workers and pensioners – dissension and doubt remained and the ratings agency...
Economy
Will Greece Need a Third Bailout?
ATHENS – Greece – for now – has been saved from default after Eurozone leaders agreed on a second bailout of $171 billion along with a first ongoing series of $152 billion in loans to keep the debt-choked country...
Economy
Samaras, Papandreou Renege on Vows to Save Pensions
ATHENS – Only days after they said they had saved pensioners from cuts as part of a second bailout of $169 billion – which still hasn’t been agreed up by international lenders – the leaders of the Socialist PASOK...
Economy
Greece Waits for EU's Answer: Pensions Cut, Military Spared
ATHENS – We’ve done our part, now you do yours, Greece has told leaders of the Eurozone and Troika who will decide whether the country gets a second bailout of $169 billion to complement a first ongoing series of...