Politics

German Chancellor Angela Merkel hinted that the second Greek bailout package might have to be renegotiated amid increasing market speculation Wednesday that European leaders want to force private holders of Greek bonds to take bigger losses. Merkel didn't rule out...

As the noted American newspaperman journalist and writer Damon Runyon said: “All horse players die broke,” and to that you can add ethical people. Greeks who dutifully collected receipts in 2010 for everything because the Greek government said they...

ATHENS – As Prime Minister George Papandreou’s PASOK Socialist Members of Parliament unanimously supported an emergency property tax as part of crushing new austerity measures ordered by international lenders in return for money to keep Greece from going bankrupt,...

ATHENS - Growing rage – and fear – over the loss of jobs, pay cuts and tax hikes led transportation workers to continue their strike in Greece on Sept. 27, making downtown Athens a sea of stopped vehicles clogging...

Amid continuous fiery anti-austerity protests right outside the parliament, Greek lawmakers voted in favor of the new property tax, with 154 out of 300 votes[...]

Greece is on the ''right track'' with its ''privatisation'' plan and ''political and administrative reforms." This statement was made by German Chancellor Angela Merkel in Berlin. Merkel underlined that more solidarity is needed in the Euro Group. ''The situation is...

Finance Minister announced new measures to ensure the country would receive the sixth aid instalment, including reduction of tax-free threshold for people under 30 and over 65 years old, implementation of uniform payroll in November and a plan to...

Prime Minister George Papandreou said he can "guarantee" that Greece will deliver on all the austerity pledges made for its first EUR110 billion rescue program, and reaffirmed that the country will reach[...]

Few recent immigrants intend to stay in Greece but most are trapped in the country either due to a lack of money or because of the difficulty in reaching other European destinations.

Turkish and Greek prime ministers debated on Monday Cyprus issue and oil exploration projects in the east of Mediterranean, as Anatolia news agency reports. Sources said Turkey's Prime Minister Tayyip Erdogan had a phone talk with his Greek counterpart...

Greek PM George Papandreou said that unfortunately international community and the EU appeared very slow and divided in their reaction, in a message sent to the meeting of the Socialist International in New York. The word “unfortunately” confirms information that...

As inspectors for international lenders returned to Athens to determine whether to release an $11 billion loan installment needed to keep the country from going bust, International Monetary Fund chief Christine Lagarde said investors are weary of helping Greece. “If the Greeks do not want our advice[...]

As the drumbeat of default expectation grows in Athens, Europe and the United States, German Finance Minister Minister Wolfgang Schaeuble, whose country is footing the biggest part of a failed $152 billion bailout for Greece, said it will take...

After picketing their homes, jeering them, pelting them with yogurt, throwing bottles and stones at them, Greek citizens have taken to venting their frustration with the country’s economic woes by hurling eggs at politicians. Deputy Minister for Citizen’s Protection Manolis...

With the economic world holding its breath over fears that Greece will default, Finance Minister Evangelos Venizelos told an international audience of bankers in Washington, D.C. that his country[...]