Economy

British electrical retailer Dixons has spent the last few weeks stockpiling security shutters to protect its nearly 100 stores across Greece in case of riots. The planning, says Dixons chief Sebastian James, may look alarmist but it΄s good to...

The Greek stock market reacted strongly on Monday to hopes a pro-bailout party will win crucial national elections next month, which would avoid a catastrophic rift with international creditors and keep the struggling country within the euro currency union. The...

ATHENS – After more than a week of a nearly-invisible campaign ahead of critical June 17 elections that could decide whether Greece leaves the Eurozone and possible chaos, dueling political rivals are taking shots at each other through press...

Talks held on Friday between Unions, Employers and the provisional government in Athens failed. The issues brought up in negotiations were collective bargaining, the time of expansion of a collective agreement and wages. Some of the terms of the new...

With growing fears that Greece could be forced out of the Eurozone if voters on June 17 elect parties opposed to the bailout deals from international lenders who required austerity measures in return, a powerful incentive has developed to...

With speculation mounting that Greece will ultimately either choose or be forced to leave the Eurozone and drop the euro, the head of a worldwide banking group whose members were forced to take 74 percent losses on their Greek...

Former Greek prime minister Lucas Papademos warned Greece may run out of money by the end of June if international bailout funds are cut off following next month's election, a newspaper reported on Sunday. "From late June onwards, the ability...

The Lloyd's of London insurance market has reduced its exposure "as much as possible" to the crisis-hit euro zone in preparation for a collapse of the bloc's single currency, its chief executive told the Sunday Telegraph newspaper. Richard Ward said...

ATHENS - After a foggy night of Eurovision wailing, listening to twin dancing Irish robots keening, ballads in everything from Serbian to Lithuanian, and Greece’s Aphrodisiac entry coming up limp, I was awakened at 8 a.m. by the blaring...

ATHENS – After the first week of a four-week campaign in which there was virtually no campaigning before the critical June 17 elections, New Democracy leader Antonis Samaras came out swinging on May 26, accusing Coalition of the Radical...

New Cyprus Central Bank Governor Panicos Demetriades did not exclude the possibility for Cyprus to seek entry to the European bailout mechanism (European Financial Stability Facility - EFSF), in a bid to support the recapitalization efforts by Cyprus Popular...

ATHENS – One of Greece’s last, best hopes for surviving a deep economic crisis – tourism – is sinking under the weight of relentless stories of a country on the ropes, fears that it will abandon the euro for...

After five consecutive declining sessions and a total weekly loss of 11.81%, the General Index of Athens Stock Exchange ended today at the lowest level since early January 1990. As the scenarios of Greece exiting the euro zone continue, the...

More and more stories are coming to light about anxious Greeks withdrawing their money, or even their life-savings, from the Greek banks to stash it safely at their homes and then having it stolen right under their noses. The debt...

Greece currently has no need for external financing so it would not be a problem if the next aid tranche for the debt-plagued country were delayed by a few weeks, a German finance ministry spokesman said on Friday. "As far as I am aware, there...