Politics
Greece
Vice President of Greek Government Supports Loss of National Sovereignty of Greece
The Vice President of the Greek Government, Theodoros Pagkalos stated during an interview on the French radio program 'Europe 1' that he is not against of one country's loss of its national sovereignty.
After a question concerning if European presence...
Economy
Despite New Bailout, Sacrifice, Greece Still on Edge of Default
ATHENS – While many political leaders in Greece expressed satisfaction with a new bailout from international lenders – this one for $170 billion needed to pay debts, workers and pensioners – dissension and doubt remained and the ratings agency...
Greece
UN Mediator Matthew Nimetz Visits Athens
The UN Mediator on the name dispute between Greece and FYROM, Matthew Nimetz, is visiting Athens today after having visited the neighboring country involved in the dispute.
At 13:30 the UN representative will have a lunch meeting with the Greek...
Economy
Will Greece Need a Third Bailout?
ATHENS – Greece – for now – has been saved from default after Eurozone leaders agreed on a second bailout of $171 billion along with a first ongoing series of $152 billion in loans to keep the debt-choked country...
Economy
Greek Motorcyclists Take to the Streets to Protest Against Austerity
Greek motorcyclists will hold a protest rally outside the Greek Parliament against the new package of austerity measures to be implemented in Greece on Wednesday, February 22. The bill that includes cuts in salaries and pensions will be introduced...
Economy
Eurogroup Agrees On Greece's Second Bail-Out Package
Eurozone (Eurogroup) finance ministers announced that they have reached a deal with Greece on a second bail-out package. The basic elements of which are: The Commission will bolster its presence in Athens so as to provide technical assistance; Greece...
Greece
Greek Jewish Leaders Concerned Over Far-Right Lawmakers’ Move To Leading Party
Greek Jewish leaders are expressing concern over the move by two far-right lawmakers to the leading conservative party.
Makis Voridis and Adonis Georgiadis resigned from the far-right Popular Orthodox Rally, or LAOS, and will run as candidates of the New...
Economy
Euro Zone Agrees 2nd Greek Bailout Deal Worth EUR130 Billion
Greece and its creditors have reached a final deal on a second, enhanced rescue package for the country totalling EUR130 billion, officials close to the talks said early Tuesday.
Officials said the deal will require Greece's private creditors to take...
Economy
Greek Finance Minister: "Greece Has Fulfilled All Conditions for Bailout Loan"
Greece has fulfilled all the conditions for approval of a 130 million euro second EU/IMF bailout loan, Greek finance minister Evangelos Venizelos said on Monday in Brussels ahead of a critical Eurogroup meeting, adding, however, that negotiations were continuing.
"Greece...
Greece
Voters Increasingly Backing Smaller Parties, Polls Show
The number of political parties in Greece’s parliament would increase to eight or nine from a current five if an election were held now with voters likely shunning Pasok and New Democracy, the two largest parties, in favor of...
Economy
Papademos Headed for Brussels
Prime Minister Lucas Papademos is on his way to Brussels a day ahead of a crucial Eurozone finance ministers' meeting that will discuss a euro130 billion bailout for Greece.
Papademos had not been expected to attend the summit. His office...
Economy
Tax Revenue Could Flow Into Escrow Account
A European Union official says some euro countries are pushing for Greece to funnel government revenue into a separately managed account dedicated to servicing the country's debts — an unprecedented intrusion into a sovereign country's fiscal affairs.
Germany has made...
Economy
Riot Police Guard Greek Assembly as Protesters Gather
Riot police shielded Greece's national parliament on Sunday as demonstrators protested against austerity measures on the eve of talks in Brussels on a 130-billion-euro bailout needed to avert bankruptcy.
Hopes for a deal at the meeting of euro zone finance...
Economy
Schaeuble Shows Sympathy for Greeks' Plight
German Finance Minister Wolfgang Schaeuble said he felt great sympathy for the people of Greece in their efforts to restart their economy and put their finances in order, in an interview to be published Sunday.
"I very much empathize with...
Economy
Cabinet Dacks Extra Austerity Measures
Greece's cabinet on Saturday approved a final set of austerity measures sought by the EU and IMF as a condition for a 130-billion euro rescue package, raising the chances of a deal next week to avert a chaotic default...