Tax Inspectors to Strike, Protests Spread

Tax inspectors will go on strike next week to protest against planned wage and pension cuts, threatening more disruption to revenue collection efforts that...

Weidmann Not Ruling Out Greek Haircut

A haircut, or loss, on Greek debt "can΄t be excluded," European Central Bank Governing Council member Jens Weidmann tells Germany΄s mass circulation newspaper Bild...

Venizelos Talks Tough to Would-Be PASOK Rebels

ATHENS – Finance Minister Evangelos Venizelos reiterated that Greece will do whatever it takes, including following the demands of the European Union-International Monetary Fund-European...

Slovakia Blocks Greek Rescue Fund

The Slovakian government has blocked plans to expand the European bailout plans, although international lenders are still expected to give Greece a loan next...

Troika: Next Aid Tranche Probably Available In Early November

The sixth aid tranche would be released to Greece most likely in early November, said the Troika in a joint statement. Once the Eurogroup and...

Juncker Doesn’t Rule Out Cut of More than 60 pct in Greek Debt Repayment...

The head of the eurozone's finance ministers says the Greek creditors may have to settle for a cut of more than 60 per cent...

Inflation At 3.1% In September

The Consumer Price Index in September 2011 compared with September 2010, increased by 3.1%, said the Hellenic Statistical Authority (ELSTAT). In September 2010, the...

Extension Of Mid-Term Fiscal Plan Brings Additional Ten billion Euros Measures

IMF/EU/ECB ask for additional measures of €4 billion for the period 2011-2015 besides measures of €6 billion already included in the draft budget of...

Greek Tourism to Lead Employment Growth, Report

The Greek tourism industry will play a leading role in an effort to combat unemployment in the coming years, as the sector could create...

Athens Airport Could Pass to China Group

While Greek government's talks with Hochtief Airport about the extension of its concession contract for Athens International Airport continue, there are indications that Greece's...

Turkish Bank Comes to Rhodes

Turkish Bank Ziraat began operation yesterday in the island of Rhodes, after approval by the Bank of Greece. The opening celebration is expected to...

Scandalized Proton Bank Gets Nationalized

ATHENS - The National Bank of Greece has moved to take over Proton Bank, a small lender that is under investigation for possible violation...

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