Venizelos
Economy
Greek Customs Official Denies Involvement in Fuel Smugglers
ATHENS - A top-ranking Greek Finance Ministry official who resigned under fire after charges he waived fines on some 3,500 gas stations for unlawful fuel trading denied any wrongdoing and said the penalties weren’t warranted because a government electronic...
Economy
11 Reasons Why Greece Really Went Broke in 2011
ATHENS – Unless you were rich, a business executive, a celebrity, or among the few privileged elite who run the country and for whom every year is a banner year of profiteering, 2011 was the worst year for most...
Economy
Greek Christmas Sales Crash, More Stores Set to Close
ATHENS – Hopes by retailers that cash-starved Greek would open their wallets and spend what’s left after an avalanche of pay cuts, tax hikes, slashed pensions and scores of thousands of layoffs as the country tries to stave off...
Economy
Voridis vs. Venizelos: Arguments Erupt and Things Get Personal
ATHENS – The building tension in Greece’s shaky coalition government boiled over in a Cabinet meeting, when PASOK Socialist Finance Minister Evangelos Venizelos tangled with far Right-Wing LAOS Infrastructure Minister Makis Voridis over proposed changes in laws over the...
Economy
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...
Economy
Greeks Bracing for Another Round of Tax Hikes
As Greeks struggle through a Christmas season shorn of much of their bonuses, the government is[...]
Economy
Greece’s Investors Reluctant to Take a Bath
ATHENS – Only a day after Greek officials said they were optimistic about reaching an agreement with banks and investors to write down as much as 50 percent of the country’s debt, reports said many are balking at the...
Economy
Greece: The Incredible Shrinking Country
ATHENS – Even as interim Prime Minister Lucas Papademos, who is leading a temporary coalition government, insisted that he’s on track to keep international aid coming and eventually right the technically-bankrupt country, statistics show the economy is contracting worse...
Economy
IMF Says Greeks Taxed-Out; 150,000 Will Lose Their Jobs
ATHENS – Buried under waves of austerity measures, beleaguered Greeks shouldn't have to suffer any more tax hikes, one of its principal international lenders, the International Monetary Fund, said, but the government is still proceeding with plans to reduce...
Economy
Troika’s Next Target: Cut Private Sector Salaries
Even as Greece’s public workers continue to struggle under waves of pay cuts, tax hikes, slashed[...]