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Politics

Papandreou Says Won't Step Down, No Coalition Planned

ATHENS - For the second time, Prime Minister George Papandreou said he won't resign, and that no coalition government is planned with his PASOK Socialist party's rivals to show unity in the face of an economic crisis that has...

Papandreou, Van Rompuy Agree To Meet "Very Soon"‎

Greek Prime Minister George Papandreou will meet Thursday with European Council President Herman Van Rompuy in Brussels, according to a statement from Papandreou's office Monday. No details were given, but the meeting comes just days before a European Union summit,...

Euro-zone Summit Delayed Until October 23

After a round of consultations last week and over the weekend, inter alia with the Presidents of the Commission and the Eurogroup, on developments in the Euro area, President of the European Council Herman Van Rompuy has decided to...

Christofias: Cyprus EU Presidency will proceed despite Turkish reactions

Cyprus will assume the six monthly rotating EU presidency in July 2012 whether some wish it or not, President of the Republic of Cyprus Demetris Christofias said on Sunday. Speaking during the annual anti-occupation event organized by Morphou Municipality and...

Merkel, Sarkozy Pledge Euro-Zone Solution This Month

German Chancellor Angela Merkel and French President Nicolas Sarkozy on Sunday pledged to do all that is needed to stabilize the euro zone and to present a comprehensive package of measures by the end of October. "We are determined to...

Students Hurl Yogurt at Minister of Interior in Thessaloniki

Students hurled yogurt at Minister of Interior, Charis Kastanides inside a cinema of Thessaloniki, yesterday. The Minister was watching the new Woody Allen movie in a cinema in Aristotelous Square, while students holding a protest concert in Venizelou Square. Once the...

Turkish Frigate Reaches Cape Sounion

Yesterday afternoon, the Turkish frigate TCG Kemalreis (F-247) reached Cape Sounion and Kafireas, sailing in Greek national waters. The frigate started its journey from the Eastern Mediterranean, went off Rhodes, Milos, and arrived almost 15 miles off the coast of...

IMF's Man Says Greek Rescue Plan May Fail

  ATHENS - The International Monetary Fund's representative in Greece has warned that a $152 billion bailout of rescue loans may not work because he said the country's leaders are dragging their feet on critical structural reforms. The IMF, along...

EU Mulls 60-per-cent Greek Debt Cut as Merkel, Sarkozy Meet

Eurozone members were considering a possible Greek debt write-down of up to 60 per cent, German negotiators told dpa on Sunday, hours before German Chancellor Angela Merkel was due to meet French President Nicolas Sarkozy for talks in Berlin. Sources...

«Rapprochement Should Continue in Turkish-Greek Ties Despite Crises»

Turkey and Greece should maintain a spirit of rapprochement and continue improving their bilateral relations despite a crisis unfolding in the eastern Mediterranean over hydrocarbon exploration rights, Greek experts have said. “It is very important to maintain the momentum so...

German Finance Minister Refuses to Give Allowances for German Occupation During World War II

German Minister of Finance, Philipp Roesler stated during his last meeting in Greece that allowances demanded by Greeks for the Nazi's atrocities during German occupation of Greece in 1940, can be an additional obstacle. "Greeks should forget this demand and...

Belgian Finance Minister Says Must Help Greece to Avoid Contagion

Greece must be helped to avoid financial contagion on the scale of the Lehman Brothers meltdown in 2008, Belgian Finance Minister Didier Reynders told a Greek newspaper on Saturday. "We must help Greece to avoid the repetition of what happened...

Papandreou Mulls National Unity Government: Report

Prime Minister George Papandreou may propose the formation of a coalition government of national unity to lead the country out of its debt crisis, a Greek newspaper said on Saturday, but the Greek government denied the report. Financial daily Imerisia...

Papandreou Wants Church to Pay More

ATHENS - Stung by criticism it is exempt from a new property tax being imposed on Greek citizens and has largely escaped the austerity measures imposed on the people, the Greek Orthodox Church is reportedly considering ways to help...

Greek Bailout Inspection Over – or not

There seemed to be confusion over the state of the Greek bailout talks on Friday. Inspectors from the so called troika – the European Union, the International Monetary Fund and the European Central Bank – contradicted a statement from the...