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Politics

European Firms Plan for Greek Euro Exit

British electrical retailer Dixons has spent the last few weeks stockpiling security shutters to protect its nearly 100 stores across Greece in case of riots. The planning, says Dixons chief Sebastian James, may look alarmist but it΄s good to...

Dora Bakoyiannis Accuses Leading Members of Syriza of Supporting 17N

Dora Bakoyiannis, ex-Minister of Foreign Affairs, accused some of the leading members of Syriza that they had supported 17N in its trial. Ms. Bakoyianni has every right to be sensitive over the issue of terrorism as her husband,...

Greek Ex-Minister Bribery Scandal Could Easily Become Spy Novel

The steadily unfolding bribery scandal of defense procurements revolving mainly around the former Greek Defense Minister Akis Tsochatzopoulos could easily rank the case as a top class scenario for a future John le Carré novel. Unknown revealing details have come...

Tsipras Says New Democracy, PASOK are "Scaremongering"

ATHENS – After more than a week of a nearly-invisible campaign ahead of critical June 17 elections that could decide whether Greece leaves the Eurozone and possible chaos, dueling political rivals are taking shots at each other through press...

Greek Exit from Eurozone Could Undermine the ECB

With growing fears that Greece could be forced out of the Eurozone if voters on June 17 elect parties opposed to the bailout deals from international lenders who required austerity measures in return, a powerful incentive has developed to...

Bank Group Chief: Greek Euro Exit Cost Could Pass $1.25 Trillion

With speculation mounting that Greece will ultimately either choose or be forced to leave the Eurozone and drop the euro, the head of a worldwide banking group whose members were forced to take 74 percent losses on their Greek...

Lucas Papademos Warns Greece Risks Running Out of Cash by June

Former Greek prime minister Lucas Papademos warned Greece may run out of money by the end of June if international bailout funds are cut off following next month's election, a newspaper reported on Sunday. "From late June onwards, the ability...

Sunday Telegraph: Lloyd's of London Prepared for Greek Euro Exit

The Lloyd's of London insurance market has reduced its exposure "as much as possible" to the crisis-hit euro zone in preparation for a collapse of the bloc's single currency, its chief executive told the Sunday Telegraph newspaper. Richard Ward said...

The Greek Problem: The Grating Sense of Entitlement

ATHENS - After a foggy night of Eurovision wailing, listening to twin dancing Irish robots keening, ballads in everything from Serbian to Lithuanian, and Greece’s Aphrodisiac entry coming up limp, I was awakened at 8 a.m. by the blaring...

New Democracy Placed Ahead Of Syriza, Two New Polls Show

Two new Greek opinion polls showed the bailout-supporting conservative New Democracy party maintaining a lead ahead of June 17 elections over Syriza, which opposes implementing the program. New Democracy had 25.6 percent support while Syriza had 22.9 percent, a survey...

Samaras Says Tsipras Wants Greece Back to the Drachma

ATHENS – After the first week of a four-week campaign in which there was virtually no campaigning before the critical June 17 elections, New Democracy leader Antonis Samaras came out swinging on May 26, accusing Coalition of the Radical...

Payback Time for Tax-Shy Greeks: Lagarde

The head of the International Monetary Fund on Friday urged Greeks to pay their taxes, saying she is more concerned about sub-Saharan Africans in poverty than Greeks hit by the economic crisis. Christine Lagarde told the Guardian newspaper in an...

New Democracy, Syriza Tied In Greek Race For First, New Poll Says

A Greek opinion poll showed the Syriza party, which is opposed to implementing Greece’s international financial rescue, in a dead heat with pro-bailout party New Democracy ahead of general elections to be held on June 17. Syriza’s support stood at...

Greek Crisis Scaring Off Tourists, Numbers Fall 15%

ATHENS – One of Greece’s last, best hopes for surviving a deep economic crisis – tourism – is sinking under the weight of relentless stories of a country on the ropes, fears that it will abandon the euro for...

Cypriot Lawyer Questioned in Tsohatzopoulos Scandal

Greek authorities are investigating the Tsohatzopoulos case and have ordered the temporary imprisonment of many colleagues and relatives of the former MP and former Minister. Akis Tsohatzopoulos is accused of money laundering and payoffs for military equipment, legalized through...