Politics
Greece
President of Greek Republic Meets With NATO Secretary General in Athens
President of the Republic Karolos Papoulias received visiting NATO secretary general Anders Fogh Rasmussen on Thursday, who is in Greece to commemorate the 60th anniversary of Greece's membership in the Alliance.
Papoulias expressed to the NATO chief aggravation over continuing...
Greece
Elections in Greece Possibly in April 29
According to governmental sources, early parliamentary elections could take place in upcoming April on the 29th, after the Greek bond swap deal will be completed during the Eurogroup meeting on the following Monday.
Given the date of the early elections,...
Greece
Merkel Optimistic Greek Deal Can Be Agreed Monday
The leaders of Germany, Italy and Greece are "optimistic" that a deal on a second massive bailout for Athens can be clinched next week, a spokesman for German Chancellor Angela Merkel said Friday.
Agreement on a second, €130 billion ($170...
Greece
LAOS Expelled MPs Move to ND Party
Popular Orthodox Rally (LAOS) expelled MPs Makis Voridis and Adonis Georgiadis announced on Friday their move to the New Democracy (ND) party, following a meeting with ND leader Antonis Samaras, adding that they were also "giving back" their parliamentary...
Economy
Greece Waits for EU's Answer: Pensions Cut, Military Spared
ATHENS – We’ve done our part, now you do yours, Greece has told leaders of the Eurozone and Troika who will decide whether the country gets a second bailout of $169 billion to complement a first ongoing series of...
Greece
Poll Shows Greece's Two-Party System Is Over
The two-party system in Greece is over. The latest opinion poll carried out by Vprc on behalf of the weekly magazine "Epikaira" issued today, confirms the already adamant decline of the two-party system in Greece.
According to the outcomes of...
Economy
Greece's President Gives Up Salary; Blasts Germany's Position
ATHENS – Watching Greeks having their pay cut and taxes hiked on orders of international lenders to keep rescue loans coming, President Karolos Papoulias said he will give up his annual salary of 300,000 euros, some $392,000, and blasted...
Economy
Greece Battles to Salvage Bailout Package
Greece's leaders battled to salvage a new 130-billion-euro ($170 billion) EU/IMF bailout on Wednesday, rejecting doubts over their commitment to a punishing austerity package just hours before a conference call of euro zone finance ministers.
But with mistrust of Athens...
Economy
Rumors Germany Sees Greek Default As Unavoidable Are False
A German government spokesman Wednesday denied that Berlin now considers a Greek default as inevitable.
"I can clearly say for the federal government that those rumors are false. There is no such decision in Germany," Steffen Seibert, spokesman for German...
Economy
Eurogroup Call Off Face-to-Face Bailout Talks as Greeks Argue (Again)
Euro zone finance ministers dropped plans on Tuesday for a special face-to-face meeting on Greece's new international bailout, saying political party chiefs in Athens had failed to provide the required commitment to reform.
A source familiar with negotiations on Greece's...
Economy
Euro Zone Puts Greek Plan Under Microscope
Greece's bid for a new bailout got close inspection on Tuesday from euro zone officials poring over the details of Athens' budget to decide whether it has met conditions to get the money.
Even if it passes muster, the second...
Art
Attikon: The Death of a Cultural Icon
ATHENS – As Greeks awoke on Feb. 13 after a night of violence and arson that destroyed 45 businesses in the capital city, they saw nothing was left of one of its most historic venues, the Neo-Classical building that...
Greece
Greece Calls Snap Elections for April
Greece will hold general elections in April, the government said on Monday, hours after parliament voted through tough new austerity measures aimed at saving the country from bankruptcy.
"This government has one to one-and-a-half months left," spokesperson Pantelis Kapsis told...
Economy
International Media and Markets Greet Passing of New Greek Memorandum
International markets have responded positively to the Greek Parliament’s decision to pass new austerity legislation, which is deemed as highly necessary for the completion of the restructuring of the Greek debt.
The first positive signs came from distant Australia, whose...
Economy
EU Says It’s Not Ready to Help Greece Yet
ATHENS - Despite new austerity measures rammed through the Parliament in the wake of riots that left parts of downtown Athens burning, European Union leaders said they aren’t convinced that Greece is serious about reform and won’t release a...