Greece
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In Vienna, Samaras Says All Is Well

With his fragile coalition on the verge of breaking up over his decree to shut down the national broadcaster ERT without consulting his partners or the Parliament, Greek Prime Minister told European Union leaders during a lightning visit to...

Greek Court Leaves ERT, Coalition In Limbo

After Greece's highest court effectively overturned his snap decision to shut down the country's national broadcaster ERT, Prime Minister Antonis Samaras faces more crisis talks with his coalition partners who said they saw the ruling as a vindication for...

Cyprus Wants Troika Bailout Escape Clause

Already trying to distance itself from the harsh terms to which it agreed in return for a 10 billion euros ($13 billion) bailout from international lenders, Cyprus' new government said it would seek a clause allowing for the removal...

Cyprus Can Revise Savings Seizure Plan

With reports that new Cypriot President Nicos Anastasiades admitted he didn't have the votes to pass a confiscation tax of up to 9.9 percent on bank deposits and force account holders to pay part of a bailout ordered by...

Stournaras Says No More Austerity

After already guaranteeing Greece would begin an economic recovery by the end of the year, Finance Minister Yiannis Stournaras now has promised that despite disappointing tax revenue figures that there will be no more austerity measures put on beleaguered...

Greek Economy Shrinks Another 6%

Coming on the heels of news that the country’s unemployment rate hit a record 27 percent, the Greek government got more bad news: the economy shrank 6 percent in the fourth quarter of 2012, according to the Hellenic Hellenic...

EU Says Rehn’s Comments Misunderstood

European Commission officials that its finance chief Olli Rehn's statements concerning the minimum wage in Greece were not understood correctly. They said what he really meant was that it would be changed, although not reduced. They did not say...

Troika Loans Coming Fast for Greece

After getting the formal approval on Dec. 14 from the Eurozone finance ministers he was meeting in Brussels for a surge of 52.5 billion euros ($68.6 billion) in a series of more rescue loans over the next few months...

Greece Will Have To Wait On Loan

It took a while but Prime Minister Antonis Samaras’ uneasy coalition government got some relief when Eurozone finance ministers – on the third try – finally agreed to a complicated deal that would lead to the release of 43.7...

World’s Top Greek Economists Tell Greece: Keep the Euro

ATHENS – The pressure on anti-austerity parties ahead of the critical June 17 elections not to renege on Greece’s reform deals with international lenders is building, with 11 Greek economists from around the world joining critics sounding the alarm...