Politics

Unable to pay its bills and needing to recapitalize its banks, Cyprus will ask international lenders for an11 billion euros, or $14.2 billion bailout, the news agency Reuters reported, citing three sources with knowledge of the request. The country’s banks,...

A former Greek defense ministry official who was a close associate of jailed former defense minister Akis Tsochatzopoulos has been arrested and charged in a kickback scheme tied to his former boss’ alleged money-laundering scheme that netted a reported...

Prime Minister Julia Gillard has accused Tony Abbott of being "grossly irresponsible" for likening the future fortunes of the Australian economy to that of crisis-struck Europe. The opposition leader backed comments by former Commonwealth Bank of Australia boss and Future...

Greece's efforts to clinch a deal with its international creditors on a package of cuts by the end of this week are under threat, with the government saying that a "fairly big" gap still separates the country from its...

Jenny Mikakos a Member of Parliament for the Labor party in the Northern Metropolitan Region said that the Baillieu Government of Victoria has "outrageously" reduced the number of interpreters available to Greek citizens. Mikakos said this will affect the lives of...

The European Commission has ruled that the Greek agency responsible for gambling, OPAP, a state monopoly, can keep that position until 2030 - but the decision came after the government said it would sell its interest as part of...

Cyprus wants to avoid a painful recession like Greece is going through as it continues talks with the European Union and International Monetary Fund on bailout terms, President Demetris Christofias said. “You’ve already lived through it but we don’t want...

Angered that his party’s leader, who, as a former finance minister, failed to act on a list of 2,000 Greeks with 1.5 billion euros ($1.93 billion) in deposits in a Swiss bank to check for possible tax evasion, Yiannis...

International lenders are not relenting on demands that the Greek government push ahead with combined package of $17.45 billion in spending cuts and tax hikes, leading to further delays before it can be sent to Parliament and open the...

At a time of tension between Germany and Greece, young people from both countries are looking forward to working together. Under the scheme, Germany will help train youths from places destroyed by the Nazis. Last February, the International Court in...

Olympic Gold and Silver Medalist winning windsurfer Nikos Kaklamanakis has charged that former defense minister Akis Tsochatzopoulos, now jailed on charges of a massive money laundering and bribery scheme, ordered him cut from Greece's 1988 team going to Seoul...

With a report showing Greece will suffer a sixth year of recession in 2013 because of harsh austerity measures, envoys from the Troika of international lenders putting up $325 billion in rescue monies reportedly rejected two billion euros ($2.58...

One of Australia's most successful construction company owners, Gerasimos Karidis, said the country will have to rely on immigration to raise its population from 22 million to 35 million, an idea that is supported by Regional Development Minister Simon...

Busting a stereotype that they are the laziest and least efficient workers in Europe, Greeks actually work more hours than any of their counterparts in other countries, a report from the European Commission shows. The report dwelled on the miserable...

With the country’s economy still sinking, unemployment and social unrest rising and under pressure from his coalition partners and international lenders, Greek Prime Minister Antonis Samaras said he believes that he has brought Greece back from the brink of...