Greece’s Labor Unions Call Oct. 18 Strike

Following a massive protest and general strike last month against more austerity measures being readied by Prime Minister Antonis Samaras' uneasy coalition government, Greece's...

Call for Coalition Government to Stay On Until 2013

ATHENS – Following remarks from New Democracy party leader Antonis Samaras that elections tentatively scheduled for Feb. 19 will probably have to be rescheduled...

Phileas Fogg Shows Beauty of Crete

The island of Crete is reaching out to the ideas of the late writer Jules Verne for inspiration in a bid to lure more...

Greek International Air Arrivals Fall 5.1% In First Five Months

International arrivals at Greek airports fell 5.1 percent in the first five months of the year, according to the Association of Greek Tourism Enterprises. The...

Eurogroup President Welcomes Agreement with Greece on 3-year Aid Program

Eurogroup President Jeroen Dijsselbloem announced on Friday night the achievement of a final deal on the new, three-year aid program for Greece, saying it will...

Citigroup Inc: Citigroup Sees Greek Exit On January 1, 2013

“Greece will leave the euro zone on January 1, 2013 and its new currency will immediately fall by 60% against the euro, unleashing a...

U.S. Treasury Secretary Lew to Visit Athens This Week

U.S. Treasury Secretary Jack Lew will visit Athens this week to urge the Greek government to expedite required economic reforms, according to the Treasury...

Greek Yachting Industry Slowly Sinking

The professional and private yachting industry is slowly sinking amidst a really crucial period with tourism. Greek yacht owners as well as foreigners that used...

Greek High Court Suspends ERT Closing

Greece's highest court, the Council of State, dealt Prime Minister Antonis Samaras a blow when it ruled late on June 17 to overturn his...

Commission VP Dombrovskis: We didn’t Ask Greek Govt to Raise Taxes

Athens has ignored the European Commission's advice that spending cuts would do less damage to Greece's potential for growth than raising taxes, said European...

Greek Exports to Decline, EU’s Reichenbach Tells Handelsblatt

Greece’s exports will probably decline this year compared to 2011, Horst Reichenbach, the European Union official in charge of aiding the country’s administrative overhaul,...

Finance Ministry Announces New Tax Legislation Bill

The Greek market has risen strongly today after the Finance Ministry announced a text for new tax legislation.  The new text is aimed at aiding recovery,...

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