Venizelos

  ATHENS - The International Monetary Fund's representative in Greece has warned that a $152 billion bailout of rescue loans may not work because he said the country's leaders are dragging their feet on critical structural reforms. The IMF, along...

The agreement of July 21 either would be guaranteed as it is or we would seek something better Greek FinMin has reportedly said at the morning meeting of a ruling party parliamentary committee. Talking to PASOK MPs, Evangelos Venizelos said...

Greece has enough money to pay all bondholders as well as pensions and salaries until mid-November, said Finance Minister and Deputy Prime Minister Evangelos Venizelos in a press conference. Greece had previously said it would start running out of money...

ATHENS – As renters are asking for and getting lower rents and home sales and values are plummeting because of Greece's economic crisis, the government will raise the appraised value of homes so that a new emergency property tax...

ATHENS - Wracked by recession, Greece will not meet deficit targets imposed by international lenders as a condition of a $152 billion bailout designed to keep the country from going bankrupt, the Finance Ministry admitted.The deficit is expected to...

Greece and its international financers have agreed that civil servants over 60 and close to retirement will be made redundant, radio reports said Sunday. Finance Minister Evagelos Venizelos has been in talks with international auditors from the European Union, International...

ATHENS – Finance Minister Evangelos Venizelos, who has levied a series of taxes and penalties on workers, pensioners and the poor, said taxpayers will have to pay a penalty in 2012 unless they can produce receipts for their expenditures....

ATHENS – As Prime Minister George Papandreou’s PASOK Socialist Members of Parliament unanimously supported an emergency property tax as part of crushing new austerity measures ordered by international lenders in return for money to keep Greece from going bankrupt,...

Amid continuous fiery anti-austerity protests right outside the parliament, Greek lawmakers voted in favor of the new property tax, with 154 out of 300 votes[...]

As inspectors for international lenders returned to Athens to determine whether to release an $11 billion loan installment needed to keep the country from going bust, International Monetary Fund chief Christine Lagarde said investors are weary of helping Greece. “If the Greeks do not want our advice[...]