Greece
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New Democracy

Papandreou’s Referendum Call Rattles Markets, Threatens Bailout

Greek Prime Minister George Papandreou’s surprise announcement will ask voters to decide the fate of international bailout loans and his wobbly Administration through a referendum sent shock waves through the markets, rattling Wall Street, angering European leaders who just...

More Austerity Means More Strikes Too

ATHENS – Protests didn't work. Riots didn't work. Strikes didn't work either, but Greek workers say they’ll walk off their jobs again this week anyway, fed up with another round of austerity measures they said have crippled their present and destroyed their future. Although garbage collectors...

New Democracy Bashes Government

On Saturday, main opposition New Democracy (ND) stepped up its criticism of the government in the wake of the latest EU report on the Greek government. ND deputy and economy shadow minister Christos Staikouras emphasised that the assessments on the...

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...

Greek Surtax Doubles, Tax Inspectors Set to Strike

A relentless wave of tax increases hasn't provided enough revenue to plug a deep hole in public finances, so a new supposed one-time “solidarity” surtax on income paid by Greeks will continue next year[...]

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...

Back to the Drach? Papandreou May Let Voters Decide

ATHENS – As  pressure builds on Greece to default, Prime Minister George Papandreou is reportedly mulling a referendum to let the people decide whether to give up the fight to stay in the Eurozone, abandon the euro, and return...

Greeks Gird for More “Blood and Tears” Economic Hits

With Greece still poised on the edge of bankruptcy and growing predictions the country will fail, Prime Minister George Papandreou said he will institute new deep cuts in public spending – another 20% pay cut for workers and a...

Samaras Proposes Permanent Deputy Budget Minister

A. Samaras, leader of New Democracy, proposed to implement new, more effective policies. According to Samaras, a permanent Deputy Budget Minister and Deputy Foreign Minister are necessary to prevent economic and political mistakes. The New Democracy leader noted that these...