Politics

Greek Prime Minister Lucas Papademos says the country might need more financial aid but will work hard to avoid having to request it, according to an Italian newspaper Friday. "Greece will do everything possible so that there is no need...

Despite two bailouts totaling $325 billion, a $134 billion write-down in debt, crushing pay cuts, tax hikes, slashed pensions, the coming firing of 150,000 workers, reducing the minimum wage 22-32 percent, phasing out collective bargaining rights for workers and...

John Mpanias, a former deputy of the Greek political party "SYRIZA" and a distinguished member of the Greek Communist and Consevationist Party, has passed away this morning. He had been hospitalized for the last few weeks, suffering from a serious disease. He was born...

ATHENS – With elections looming on May 6, interim Prime Minister Lucas Papademos’ shaky hybrid government of PASOK Socialists and their bitter rival New Democracy Conservatives, who are jockeying for positions, is beginning to break down into petty squabbling,...

The potato, introduced to Greeks after independence in the 19th century to bolster the diets of the poor, is turning into a symbol of their latest struggle, Bloomberg reported. Farmers are mobilizing to sell their produce directly to austerity-hit citizens,...

ATHENS – Worn out by a drawn-out economic crisis that has cut deeply into the standard of living of many working class Greeks, more than 1.5 million of the country’s population of 11 million people are thinking about leaving...

Greek voters are unlikely to give any party a workable majority in elections as soon as next month, jeopardizing austerity policies on which bailout funds depend. According to Bloomberg Opinion, surveys show as many as eight parties may win seats...

ATHENS – A deal forcing investors to take huge losses on Greek bonds – including small bondholders who were supposed to be exempted – wrote down the country’s debt by $134 billion but also triggered payments of some $2.89...

Top representatives of the Greek "Troika" stoutly defended the focus of the Greek bailout programme on Tuesday and insisted that Greece must raise its game on economic reforms, political unity and tackling vested interests, or risk failure. MEPs advocated...

ATHENS – As Greece struggles to save its economy by cutting workers’ pay to the bone, raising taxes to the limit, slashing pensions and preparing for the firing of 150,000 workers, a big revenue-raiser – privatizing state-owned entities and...

"No decision has been taken yet but May 6 is a very probable date for the elections," the official, who declined to be named, told Reuters. There was no official confirmation of the election date. Lucas Papademos' technocrat coalition government...

ATHENS – Even two bailouts totaling $324 billion to save Greece haven’t been enough because of an old bugaboo – tax evasion – and international lenders reportedly have again insisted that tax cheats costing the country more than $72...

The European Commission on Monday denied Greek media reports that officials from the country's international lenders were in Athens for talks on further budget spending cuts to meet bailout-dictated fiscal targets. Spokesman Amadeu Altafaj said he was aware of reports...

Renewing fears that even a second bailout might not keep Greece’s economy from failing, German Chancellor Angela Merkel said she nonetheless wants the country to stay in the Eurozone of the 17 members using the euro as a currency,...

ATHENS – While even a second bailout hasn’t quelled much skepticism that Greece’s economy can survive, the head of the European Union’s task force to the country said he thinks that the country is making progress on how it...