Politics

The Institute of International Finance, a lobby group for the world's largest banks, welcomed the results of the Greek debt swap on Friday, saying it will help stabilize the euro-zone economy and allow Greece time to implement reforms and...

The President of the Hellenic Parliament, Mr. Philippos Petsalnikos, met with representatives from the Coordinating Committee of the Turkish occupied Karpass in Cyprus today. The delegation was accompanied by the Ambassador of the Republic of Cyprus to Athens, Mr....

The Greek government said it reached its target in the biggest sovereign restructuring in history, with a 95.7 percent participation rate among investors after it received approval to activate collective action clauses. Bondholders tendered 152 billion euros of Greek-law bonds,...

ATHENS – Austerity measures imposed by international lenders in return for bailouts to keep the country from defaulting are taking their toll on Greek workers, with 21 percent now out of work – and 51.5 percent of those under...

By Sevi Tsimaki It is well known that the collapse of Lehman Brothers caused financial turbulence and for many, this was the beginning of the global recession. There have been many associations between Lehman Brothers and Greece. Many journalists and...

German Finance Minister Wolfgang Schaeuble said on Wednesday that Greece's problems were of its own making and dismissed suggestions that Germany was being punitive towards a country that perhaps should not have joined the euro. Speaking at the European University...

The Greek government will announce early Friday the results of investors' participation in the country's ambitious debt restructuring plan, known as the Private Sector Involvement, or PSI, a person close to the finance ministry said Thursday. An announcement will be...

Papazisis Publications and the Greek Orthodox Community of Melbourne and Victoria are co-organizing the official presentation of the latest book of Dr Michális S. Michael, “Resolving the Cyprus Conflict: Negotiating History” (2009, Palgrave Macmillan) on Wednesday, March 28, at...

ATHENS – With Greece drowning in debt and most major tax evaders still on the loose – a $60 liability for the country – Bank of Greece Governor Giorgos Provopoulos has signed an act that will allow tax banks...

ATHENS – Greece will know by the end of March 8 if enough private investors have agreed to accept losses of 74 percent as part of a so-called Private Sector Involvement (PSI) deal designed to wipe out $13I) deal...

Greek Prime Minister Lucas Papademos appointed Tuesday a new head to the Development Ministry, in changes prompted by the recent resignation of a minister in charge of Greece's police who is now running for the leadership of the socialist...

ATHENS – Nine months after it was reported that Greece was paying pensions to 4,500 dead, it has been discovered the country – in the midst of a deep recession and economic crisis – is paying benefits as well...

ATHENS – Greek Finance Minister Evangelos Venizelos, drawing a line in the sand, has told private investors in Greek bonds who don’t want to take losses as part of ongoing Private Sector Involvement (PSI) negotiation that they will be...

A withdrawal of Greece from the eurozone would be "a disaster" for the Greek people, said Jose Manuel Barroso, President of the European Commission on Monday during his visit to Vienna. He was speaking in an interview with the Austrian...

ATHENS  - With its economy sinking at home, Greece is bailing out of the European Union’s anti-piracy campaign off the coast of Somalia to save money. Struggling with its worst budget crisis since World War II, Greece is going...