New Taxes in Greece Force Yacht Owners to Sail Away

The Greek Marinas Association (GMA) has reported a number of departures of foreign-owned yachts due to new charges imposed since the start of the...

Greek Prosecutors Take Testimony from Former HSBC Employee on ‘Lagarde List’

Four Greek prosecutors took testimony from the former HSBC employee Hervé Falciani in Paris on Friday, who in 2008 stole data from around 130,000...

IMF to Adjust Greek Aid Package on Worse Economy

Greece will not be able to bear its debt burden under the current restructuring plan because of a worsening economy, Der Spiegel said, citing...

Papandreou, Loverdos Spar Over Bailout Claims

A former minister in then Greek Prime Minister George Papandreou's Cabinet in 2010 said he and two other colleagues were opposed to the bailout...

Greek Parliament President Delays Bailout Agreement Voting Procedure

Greek Parliament President Zoe Konstantopoulou delays the emergency voting procedure for the country's bailout agreement by scheduling the party leaders' meeting at 9:30 pm on...

Government Allocates 100 Million Euros for Export Firms

The Greek government will create the special fund ''Go 2 Market'', which will have an initial capital of 100 million euros. It is meant...

Greek Retail Workers Face 13% Pay Cut

With the government set to transfer or fire 40,000 public workers and employee rights being decimated during a crushing economic crisis, the President of...

National Bank Of Greece Plans Share Capital Increase (upd)

National Bank of Greece, the country’s largest lender, said late Tuesday it will seek to raise EUR2.8 bil. to boost its capital base. NBG will...

IMF Chief: Greece Just Sits and Waits, Government Must Assume Responsibility

Greece refuses to take ownership of reforms and measures and stalls negotiations, said International Monetary Fund Managing Director Christine Lagarde. The IMF chief spoke to...

How Two Years of Capital Controls Hurt Greek Trade

It was June 27, 2015 when the finance minister at the time, Yanis Varoufakis, and the Greek government decided to impose capital controls in the...

Bank of Greece Chief Insists on Precautionaly Credit Line after Bailout Program

Bank of Greece governor Yiannis Stournaras on Saturday stressed the need for a precautionary credit line after the end of the European Stability Mechanism...

Samaras’ Reworked Cabinet Sworn In

ATHENS - Greek Prime Minister Antonis Samaras' partially new, revamped Cabinet was sworn in on June 10 as he attempts to recoup ground his...

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