Europe Changes the Money Rules, Greece Still at Risk

European leaders have agreed to set tighter rules over spending and deficits and will pump an additional $268 billion into a new reserve structure to help ailing countries, but[...]

Greek Deficit Widens, While Europe Promotes Fiscal Discipline

While Europe promotes budgetary discipline, Greek deficit soars again. The constant requirements for pension payments and other obligations, and the estimate that the property...

Lazy Greeks? Think Again!

At a time where the world is suffering an economic crisis and government officials all over the world are blaming the public for the...

Greek Birth Rates Decline Amidst Financial Crisis

The financial crisis plaguing Greece is now affecting motherhood as well. A recent global research study has revealed that birth rates are rapidly declining...

Papandreou Being Pushed Out by His Own Party

ATHENS – A growing number of PASOK Socialist ministers and lawmakers are intensifying the pressure on their leader, former Prime Minister George Papandreou, to...

Privatisation of Ex Athens Airport Under Way

The development of Athens' former international airport "Ellinikon", which stretches out over an area of 6.2 million square metres, has begun today. The Greek...

Unemployment Rate At 17.5% In September

Greek unemployment rate in September 2011 was 17.5% compared to 12.6% in September 2010 and 18.4% in August 2011, according to Greek Statistical Authority. In...

Bank Interest Rates are Soaring

Greek market is on the verge of a credit crunch as liquidity is close to drying up and banks are paying dearly to hold...

To Fight Deficit Greek Retirement Age Must Rise To 82

New cuts in pensions are being projected for 2012, since insurance funds are facing a tremendous deficit of 4.5 billion Euros for 2011. Labour Minister...

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...

Drachma or Euro

One of the questions that is going through the minds of the citizens of Greece these days is, if Greece will return to the...

Greece Staying In Euro Faces Double Risk

Government’s failure to comply with its obligations under the MoU and EU leaders’ inability to reach bold decisions, keep open the possibility of Greece...

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