Politics
Australia
Australia Says Deal Near for Student Visits
Australia’s Minister for Immigration and Citizenship Chris Bowen has reiterated that he believes an intergovernmental agreement between Australia and Greece allowing tourists to work during their vacations will be concluded.
He invited Greek students to come to Australia and said...
Greece
Greeks Abroad Move Closer to Voting Right
Greek Minister of Interior Euripidis Stylianidis said he is ready to put a bill before Parliament that would give Greeks around the world the right to vote in Greek elections, which could add several million eligible voters, according to...
Economy
Greece With List of 400 London Buyers
With Greek prosecutors already scouring a list of 33 politicians to determine how they obtained their wealth, the government now is probing names on another list – this one of some 400 Greeks who’ve bought luxury homes in London,...
Economy
Bad Loans in Greece Hit $73.2 Billion
Buried under big pay cuts, tax hikes, and slashed pensions but pressed by banks to cover mortgages, loans and credit cards in full, 25 percent of Greeks have given up and stopped paying, driving the total of Non-Performing Loans...
Economy
Greece’s Golden Dawn Embracing Extremist Role
ATHENS - Although Greece country suffers through a crushing economic crisis, most citizens are not desperate enough to embrace the hate rhetoric and immigrant-bashing of the neo-Nazi Golden Dawn party.
“They have a bad history and violence breeds violence,” Athens...
Economy
Greek Budget Cut Plan in Troika's Hands
While details of a 13.5 billion euros ($17.34 billion) plan to cut spending and raise revenues haven’t yet been made available to the public, the package is reportedly in the hands of envoys from international lenders who have to...
Economy
Greek Island of Dreams Up for Sale
The island of Pezonisi, also known as Nisi ton Oneiron (Island of Dreams), is set to become the first island to be leased to the private sector for tourist development following a decision by the Eretria municipality, the newspaperKathimerini...
Greece
New Democracy, PASOK, Can't Pay Bank Loans
As Greece struggles through a crushing economic crisis with many people unable to pay debts because of big salary cuts and tax hikes, the two parties that ruled Greece for four decades before this year’s elections produced a coalition...
Greece
Facing Graft Probe, Greek Parliament President May Quit
Greek Parliament President Vangelis Meimarakis, who suspended himself during a reported probe into the bank accounts of 36 politicians that allegedly found huge sums in their bank accounts for which they couldn’t account, is feeling the heat and said...
Economy
Samaras Closes In on Budget Cut Deal
Greece’s uneasy coalition government has nearly reached agreement on all the measures in a $14.6 billion spending cut plan, one of its members said, without revealing what they were.
Emerging from a meeting with Prime Minister and New Democracy Conservative...
Economy
Greece, Cuts Ready, Tomorrow Coalition Partners Meet
While Greek workers protest in the streets against the new austerity measures, the Minister of Finance, Yiannis Stournaras, managed to finalize the package of budget cuts for the 2013-2014 period, and, following a meeting lasted over three hours, reached...
Economy
Weary of Austerity, 50,000 Greeks Protest in Athens
Some 50,000 Greeks worn out by austerity measures marched through central Athens on Sept. 26 in the first general strike since the country's coalition government was formed in June, as Prime Minister Antonis Samaras worked to finalize another $14.6...
Economy
Downtown Athens: 1 in 3 Stores Closed
Greece's deep recession has forced almost a third of businesses in Athens commercial district to close down as shrinking incomes and frequent strikes have driven away customers and harsh austerity measures have made many slow spending almost to a...
Economy
Greece Set to Shut Down With Protests, Strikes
Greek Prime Minister Antonis Samaras’ uneasy coalition government, poised to make another $14.6 billion in pay cuts, tax hikes and slashed pensions on workers, the elderly and poor, faces its first test this week with a series of work...
Economy
Pushed by Troika, Stournaras Threatened to Quit
Frustrated by relentless demands from international lenders that Greece make even deeper pay cuts, tax hikes and slashed pensions, Finance Minister Yiannis Stournaras threatened to resign during an intense meeting, the New York Times reported.
Prime Minister Antonis Samaras, under...