Venizelos
Economy
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...
Economy
Papademos Says He Will Remove Dissenters Because Default Would Bring Misery
ATHENS – Facing a growing mutiny in his shaky coalition government against austerity measures demanded by international lenders in return for a second bailout to keep Greece from going bankrupt, interim Prime Minister Lucas Papademos has told any dissenters...
Economy
Greece Must Decide: In or Out of the Eurozone
ATHENS – With international lenders continuing to withhold aid until the Greek Parliament ratifies austerity measures agreed on by the country’s shaky coalition government, Finance Minister Evangelos Venizelos said the country now has to decide whether it wants to...
Economy
Greek Pensions Saved But Minimum Wage, Health and Defense Hit Hard
ATHENS - After divisive talks, Greece’s coalition government has agreed on a plan to make more deep spending cuts to stave off default, but the deal means although pensioners could be spared, the country’s already-wracked health care system will...
Economy
With Greece on “Razor’s Edge”, Lenders Insist: Comply or Default
ATHENS – As Interim Prime Minister Lucas Papademos tried to keep leaders of his coalition together in a desperate attempt to win a consensus on reforms needed to keep international aid coming, the government was told it has no...
Economy
Papandreou Defends Record, Won’t Give Up PASOK Reins Yet
ATHENS – Even as the PASOK Socialist party his father founded 30 years ago, which has dominated Greek politics since, has sunk to single-digit support and is rapidly sliding toward oblivion, former Prime Minister George Papandreou said he won’t...
Economy
Greece’s Archbishop Says Austerity Is Killing the Country
ATHENS – After two years of mostly staying silent as Greece has imposed waves of pay cuts, tax hikes, slashed pensions, and 150,000 layoffs in return for $152 billion in bailout loans to keep from going bankrupt, the head...
Economy
Loverdos Bows Out of PASOK Race and Backs Venizelos
ATHENS – With the PASOK Socialist party imploding into near-nothingness and beset by infighting over who should be its new leader when former Prime Minister George Papandreou steps aside, just before new elections for Prime Minister are held, Health...
Economy
Greeks Including Venizelos Reject Idea of EU Budget Czar for Greece
ATHENS – Starting with Finance Minister Evangelos Venizelos, whose position effectively would become moot, Greek officials said they will not go along with a proposal by Germany for the European Union to appoint a budget commissioner to oversee Greece’s...
Economy
Papandreou Fiddles While PASOK Disintegrates
ATHENS – While former Prime Minister George Papandreou was in Costa Rica addressing the Socialist International conference as its leader, the PASOK party he still heads – if only for a while and under constant pressure to quit –...