Papandreou Scraps Bailout Referendum, Seeks Coalition Government

ATHENS – Faced with defections by his Finance Minister, Cabinet official and Members of Parliament of his ruling PASOK Socialist party, Prime Minister George Papandreou has quickly withdrawn his plans[...]

France’s Europe Minister: Euro Zone Can Do Without Greece

France΄s European Affairs Minister Jean Leonetti Thursday said the euro zone can "do without" Greece, in an interview with French radio station RTL. "Greece is...

Greece’s Choice: In or Out of the Eurozone

As Greek Prime Minister George Papandreou was being cross-examined by European leaders on his stunning call for a referendum in his country on international...

German Minister Says no Going Back on Greek Bailout

As Europe demands an explanation from Greece's prime minister for his decision to hold a referendum on the latest EU bailout, voters are warned...

Bill Gross: Greece Should Drop The Euro And Come Back

Greece defaulting on its debt is certain said Bill Gross, manager of Pimco, the world΄s largest bond fund, according to Reuters. The question was when,...

ASE Records Heavy Losses After PM’s Referendum Decision

Athens Stock Exchange recorded heavy losses on Tuesday, after the Greek PM surprised everyone with his announcement of holding a referendum for the resolutions...

Papandreou’s Referendum Call Rattles Markets, Threatens Bailout

Greek Prime Minister George Papandreou’s surprise announcement will ask voters to decide the fate of international bailout loans and his wobbly Administration through a...

Papandreou to Meet With G-20 Leaders Tomorrow in Cannes

Prime Minister George Papandreou will travel to Cannes tomorrow to discuss developments in Greece with leaders of the Group of 20, a Greek government...

Global Markets Rattled by Greek Referendum

Stock markets around the world plunged today after Greek Prime Minister George Papandreou said he will hold a high risk referendum on the country's...

Fitch: Greek Referendum Poses a Threat to the Eurozone’s Financial Stability

Ratings says that the announcement by the Prime Minister of Greece of a public referendum to approve the economic and financial conditions associated...

German Parliament Leader “Irritated” by Greek Referendum

A leader in Chancellor Angela Merkel's center-right coalition said on Tuesday he was "irritated" to hear Greek Prime Minister George Papandreou had called a...

Up to Eight bln Euros Paid in Bogus Pensions

Up to eight billion euros have been paid in bogus pensions in the past decade in Greece, director of the Social Security Foundation (IKA),...

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