Greece
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Sachinidis

SYRIZA Bid for Greek Bailout Probe Nixed

To no surprise, a request by the major opposition Coalition of the Radical Left (SYRIZA) to investigate the decisions that led to Greece seeking bailouts from international lenders was easily defeated in the Parliament controlled by the ruling coalition...

Greece's Small Bondholders Want Money Back

Investors who held small Greek bonds that were made nearly worthless after a previous government under then-Finance Minister Evangelos Venizelos imposed huge losses on them, protested outside the offices of current Prime Minister Antonis Samaras’ New Democracy Conservative party,...

Greece Rules Out Need for Third Bailout

ATHENS – With $325 billion coming in two bailouts from international lenders, Greece will not need a third bailout despite its still sliding economy, interim Finance Minister Filippos Sachinidis said on April 4, nor need any more austerity measures...

Bakoyianni Says Greece Betrayed Small Investors

ATHENS – A deal for Greece to reduce its debt by $134 billion by imposing big losses on those holding the country’s bonds may have helped keep the economy upright for now, but has devastated small investors, Democratic Alliance...

Greeks & Diaspora Bond Holders Will Take Big Losses Too

ATHENS  - Greeks and those in the Diaspora who bought Greek bonds to support Greece during its economic crisis will not be exempt from an agreement the government made with private investors to write down the country’s debt and...

Papademos Tells Greeks: Austerity or Chaos

ATHENS – With Greece on the brink of default unless it approves new austerity measures that could deepen a recession now in its fifth year, interim Prime Minister Lucas Papademos told lawmakers, including a growing number of rebels who...

Greece Halts Tax Refunds, Stops Paying Everyone

ATHENS – If a Greek taxpayer has not received a long-delayed tax refund yet, don’t look for a check in the mail: it’s not coming. As austerity measures have failed, resulting in a deep recession, a soaring deficit, and...