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Economy
Merkel Tells Critics to Get Off Greece's Back
German Chancellor Angela Merkel, who has been insisting on harsh austerity measures for Greece in return for international bailout loans, has warned politicians in her ruling coalition to lay off criticism about Greece’s efforts to right its struggling economy.
That...
Economy
Schroeder, Chatzimarkakis Want Greek-Bashing To Stop
Former German Chancellor Gerhard Schroeder, and a German Member of Parliament of Greek descent, Jorgo Chatzimarkakis, have called for politicians in their country to stop criticizing Greece’s effort to get out of its economic mess and to be pushed...
Greece
French Finance Minister Moscovici to Visit Athens
French Finance Minister Pierre Moscovici will travel to Athens in mid-September as a sign of French support for Greece's reform effort as criticism of the debt-hit nation, particularly from German officials, persists, the Athens-based newspaper Kathimerini reported.
That news came...
Economy
September Crunch Time for Greece With Troika's Return
ATHENS – The seemingly endless saga of the rule of international lenders over Greece’s economy will take a summer hiatus but will pick up again in September when inspectors from the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) Troika...
Economy
Germany, Troika, Squeezing Greece Toward Eurozone Exit
ATHENS – With the arrival of inspectors from international lenders in Greece this week to check on the progress of delayed reforms, speculation is growing that the country is inevitably heading toward an exit from the Eurozone of the...
Economy
Troika in Greece to Stay; EU Insists on Bailout Chief
ATHENS – Greeks had better get used to the idea of the international lenders coughing up the dough to keep the country from defaulting sticking around as officials of the Troika of the European Union-International Monetary Fund-European Central Bank...
Economy
German Economists Urge Government To Consider Greek Default
A group of 16 prominent German economics professors has signed a declaration urging the German government to take into consideration the possibility of a default by a euro-zone country such as Greece, Frankfurter Allgemeine Zeitung reports in an article...
Economy
Greek Crisis Threatens Eurozone Survival
ATHENS – As speculation intensified that Greece would default, the crisis that has gripped the country for 18 months, setting off protests and riots over government-imposed pay cuts, tax hikes and slashed pensions to satisfy international lenders putting up...