More Than Just Numbers: the Blood Price Behind the Greek Debt

There’s something noticeably ironic about the fact that the current European crisis began in Greece[...]

Investors in Greece Will Lose a Bundle – Maybe Everything

BRUSSELS - Officials of the Eurozone, the 17 countries who use the euro as a currency, have confirmed that banks and investors in Greece...

Papandreou Meeting EU’s Barroso In Brussels Saturday Evening -PM Office

Prime Minister George Papandreou is scheduled to meet European Commission President Jose Manuel Barroso later Saturday ahead of an E.U. leaders summit Sunday, a...

Venizelos: Working On A July 21-Plus Package

The euro zone is working on a "July 21-plus" package for Greece, that country's finance minister said on Saturday, referring to the July decision...

Troika Shocking Report on Greek Debt: Full Text

The European Commission, European Central Bank and International Monetary Fund have reported on the sustainability of Greece's debt. Read the text of the report below: Greece:...

Die Welt: Sunday EU Summit Could Still be Postponed

According to the German daily newspaper Die Welt, the German government has not ruled out the possibility of postponing the EU summit planned for this...

For Greeks, The Property Tax Bill is in the Mail

The first batch dreaded new “emergency” property tax statements being put into electric bills under the threat of having power turned off – or...

Eurozone Says Greece Will Get Next Loan Installment

After weeks of worry, Greek officials were told Oct. 21 that a critical $11 billion loan installment as part of a $152 bailout to keep the country from going bankrupt[...]

Greece To Get Next Rescue Loan Batch From Eurozone

Finance ministers from the 17 countries that use the euro approved the payment of Greece’s next batch of bailout loans Friday, avoiding a potentially...

Greece Needs 50 pct Haircut for Debt to Fall to 120 pct by End-2020...

Greek debt can be brought down to near 120 percent of gross domestic product by the end of 2020 if private investors forgive 50...

Tourism and Exports still Growing

Tourism and exports are the only sectors of the Greek economy that are managing to deliver any positive news during the general crisis in...

Commerzbank CEO: Need Real Greek Restructuring To Calm Markets

Greece should declare itself insolvent and carry out a real restructuring of its debts in order to win back the confidence of markets, Martin...

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