Politics

The Greek government is engaged in exercises on paper for the political handling of the upcoming EU decision, seeking allies in the opposition, but fails –until now- to find any. The government made it clear that it would seek to...

The signs are all there that investors have really given up on Greece: analysts no longer say “if” when[...]

Cyprus state television reported that the Russian energy colossus Gazprom is interested in purchasing the exploration rights for natural gas and oil in the Exclusive Economic Zone (EEZ) of Cyprus. At the same time, the state radio reported that “the...

Prime Minister George Papandreou called for unity across Greece's political spectrum Tuesday, as European finance ministers and leaders struggled to come up with a definitive solution to Greece's debt woes that won't drag down other EU nations as well. A...

A new bailout for Greece, currently being hammered out by European Union leaders as part of a broader rescue package for the bloc, will need a qualified majority of at least 180 in Greece's 300-seat Parliament, Finance Minister Evangelos...

Battered at home and throughout Europe, Greece deserves some respect for its efforts to overcome its economic crisis, Prime Minister George Papandreou said, asking for European Union leaders to find a “definitive solution” when they meet in Brussels on...

Deputy Foreign Minister Dimitris Dollis will carry out a visit to Belgrade on October 24 and 25, within the framework of the “Go International” business conference being held by the EFG Eurobank group, in collaboration with the three largest...

Greek newspapers expressed fears Monday for the future of the country's banking sector if debt writedowns of 50 percent proposed by European leaders went ahead. "Major haircut - we are playing with fire" cautioned the pro-government daily Ta Nea. A haircut...

The head of the task force for Greece will visit Athens Tuesday and Wednesday, the European Commission said Monday. Horst Reichenbach will meet the country΄s Finance Minister Evangelos Venizelos, as well as an adviser to the prime minister, the commission...

The debate about the haircut of Greek debt has a new dimension, as a large proportion of banks involved in the negotiations expressed the view that the policymakers’ threat of a haircut by 60% would happen without the willingness...

ATHENS – Protests didn't work. Riots didn't work. Strikes didn't work either, but Greek workers say they’ll walk off their jobs again this week anyway, fed up with another round of austerity measures they said have crippled their present and destroyed their future. Although garbage collectors...

Any solution for further reducing Greece's debt burden must be voluntary, a Greek government official said on Sunday following a meeting of EU leaders to try to find a solution to the region's debt crisis. Private sector holders of Greek...

Prime Minister George Papandreou on Sunday stepped into a crunch EU debt crisis summit urging Europe to "act decisively and effectively" to contain troubles threatening the continent and beyond. "It's been proven now that the crisis is not a Greek...

There’s something noticeably ironic about the fact that the current European crisis began in Greece[...]

BRUSSELS - Officials of the Eurozone, the 17 countries who use the euro as a currency, have confirmed that banks and investors in Greece will lost at least half their money even as speculation built they could lose everything. Eurogroup...