Schaeuble Says Greek Rescue Will Take a Decade

Wolfgang Schaeuble (CDU) said that the Greek rescue is a job that will take a decade to complete. In an interview with weekly business...

Bad News for Banks: Greece May Not Pay Them

As Greece daily steps closer to defaulting on its loans, Finance Minister Evangelos Venizelos has[...]

ASE Ended Below 800 Units

The General Index of ASE ended below 800 units for the first time since April 1995, forced by the severe pressures triggered by political...

Finance Minister Dismisses Discussions, Rumours That Distract Attention

Greece will do everything in its power in order to implement fully and on time all EU decisions of July 21. When asked to comment...

Moody’s Downgrades 8 Greek Banks

Moody's on Friday downgraded the ratings of eight Greek banks by two notches each citing a struggling domestic economy and declining deposits among reasons...

Communist MP Liana Kanellis Outraged in Greek Parliament

Liana Kanellis, an MP of the Greek Parliament appeared today evening at the Parliament and held a speech about the financial situation. To...

Citigroup Says Greece’s Exit from Eurozone Could Be Next Crash

The analysts of Citigroup are not certain about the sovereign default of Greece or its exit from the Eurozone, according to a relevant...

European “Union”: Goodnight and Good Luck, Greece

"You either keep your word and push the mid-term program immediately or you will not be given the next trench", said Troika officials to George Papandreou and Evangelos Venizelos. Surely it must[...]

Air Force Cancels Training Activities Due to Poor Finances

The Hellenic Air Force cancelled its scheduled training activities from Monday the 26th to Friday the 30th of September due to its bad finances. According...

Greece Records Largest Increase in Suicide Rates

Greece records the biggest rise in suicide attempts throughout Europe, said Mrs. Bekiari, member of NGO “Klimaka” during her interview to SKAI Radio. As pointed...

Pangalos: 70000 Layoffs in Public Businesses

In his interview to the Swiss newspapers “Tribune de Geneve” and “24 Heures”, the Vice President of the Greek government, Theodoros Pangkalos said that...

Greeks Prefer Neighbouring Countries To Purchase Consumer Goods

Within the last year, over 1500 Greek businesses have relocated their premises to neighbouring countries while more and more people decide to do their...

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