Greek Deficit Worsens, More Austerity and Pain Looms in the Future

ATHENS – Interim Prime Minister Lucas Papademos’ pledge that his coalition government will not hit weary Greeks with more austerity measures may fall by...

Greek Lakes Lack Protection and Suffer Environmental Damage

In Greece, as in other European Union countries, lakes are theoretically protected by a variety of international agreements and protocols, presidential decrees and ministerial...

Epiphany Celebrations Amidst Cold Windy Weather, Prayers and Boos

One of the oldest customs in the Orthodox Church’s Calendar is the tradition of Theofania, or Epiphany, which has been celebrated across Greece this...

Under-25 Unemployment Rises, Worst Rates Found in Spain and Greece

The rate of unemployment for those under age 25 continues to rise. In November 2011, it was at 22.3% in the 27 member states (compared...

Cyprus Leaders Express Hope for a Solution During Dinner for UN Team

A dinner hosted by Cyprus President Demetris Christofias and Turkish Cypriot leader Dervis Eroglu for the UN team in Cyprus was concluded late on...

ECB Orphanides: EMU Would Benefit From Greek PSI Reversal

European Central Bank Governing Council member Athanasios Orphanides called on European leaders to reverse their decision to have private holders of Greek sovereign bonds...

European Union Minister Egemen Bağış Visits Athens

European Union Minister and Chief Negotiator Egemen Bağış met Greek Foreign Minister Stavros Dimas on Wednesday. Bağış said that he has come to Greece for...

Next 5 Billion Euro Tranche to be Paid to Greece in March

Greece΄s entire planned schedule of emergency loans from the European Union and International Monetary Fund is being pushed back by three months because of...

Greek Crisis Drives RTL Group Away

RTL Group has decided to exit the Greek market because of the country’s ailing economy. Europe's largest TV, radio, and production company has seen its...

Greek Prosecutors Say Middlemen Interfered in Their Cases

ATHENS – Two Greek financial prosecutors who earlier resigned after complaining about political interference with their work – and then quickly returned – have...

Pharmacists and Medics Strike as Crisis Changes Healthcare System

Pharmacy owners in Attica and Piraeus will continue refusing customers medicine on credit unless they pay the full amount in cash, they said Wednesday,...

New Trade Agreement Brings Greek Wine To China

The biggest wine trade deal ever signed between Greece and China is now officially confirmed. Greece will be exporting up to 3.600.000 bottles of...

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