Eurozone Finance chiefs are weighing whether to ease the terms of Greece’s latest bailout. Meeting in Luxembourg, finance ministers from Germany, the Netherlands and Finland are likely to balk at easing austerity measures Athens pledged to adopt earlier this year when it secured a $168 billion EU rescue package. It was Greece’s second bailout in [...]
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Coalition Promises Meritocracy, Transparency, Austerity Relief
ATHENS -Flush with the flow of victory, Greece’s new Prime Minister Antonis Samaras’ New Democracy party and its two partners in a coalition government, the PASOK Socialists and tiny Democratic Left party, have vowed to change the culture of corruption, cronyism and cozy arrangements that have been the hallmark of Greek politics for generations. Samaras [...]
Greece’s New Coalition Government Sworn In, Gets to Work
ATHENS – Faced with the daunting task of trying to get Greece out from under its worst economic crisis since World War II, and with the backing of less than half of those who voted in the critical June 17 elections, the new coalition government of Prime Minister Antonis Samaras, made up of his New [...]
German Bild: ‘Angela Merkel, Why Are you Helping Greece?’
Greek people are sick and tired of new measures, of austerity, of increasing unemployment as a result of the crisis, of insecurity, of European media presenting false dilemmas to them, and so forth. When Greeks plead for mercy” on the part of Angela Merkel and German Finance Minister Wolfgang Schauble, the German newspaper Bild targets [...]
Antonis Samaras Sworn In As Prime Minister
ATHENS – New Democracy leader Antonis Samaras, whose party finished first in the critical June 17 elections but with less than 30 percent of the vote, was sworn in as Prime Minister on June 20 after convincing his rivals, the PASOK Socialists, and the small Leftist party, the Democratic Left, to support a coalition, although [...]
Organization for Economic Co-operation and Development Expresses Concern Over Corruption in Greece
“Greece has failed to promptly investigate a significant foreign bribery case and to provide timely information on its anti-bribery efforts,” according to a new report by the Organization for Economic Co-operation and Development. As a result, the OECD Working Group on Bribery will undertake a second evaluation to further examine Greece’s enforcement efforts. The additional evaluation [...]
Jens Weidmann: Greece Must Keep Bailout on Track
Greece must get its reform program back on track if the so-called troika of the European Union, IMF and European Central Bank judges that it has deviated from the plan, Bundesbank President Jens Weidmann was quoted as saying on Wednesday. Weidmann told a Germany magazine in an interview that Sunday΄s Greek election, which the pro-bailout [...]
Profile of New Greek Prime Minister Antonis Samaras: Principled or Opportunist?
ATHENS – Antonis Samaras finally has the job he always wanted: Prime Minister of Greece, but may find he should have been careful about what he asked for because he’s going to get it– from all directions. As he ascends to what seems the impossible task of governing a country that is broke and bereft [...]
Lagarde: IMF Team to Head to Greece As Soon As Government is Formed
The International Monetary Fund (IMF) will send a team to Greece to review the country’s stumbling rescue program as soon as a new government is formed, IMF managing director Christine Lagarde said Tuesday. “We will wait until a government is announced,” Lagarde said according to AFP at the G-20 summit in Mexico΄s Los Cabos seaside [...]
Cyprus: Options Still Open on Funding for Banks
Cyprus still has options open to find urgently needed funds to recapitalise its banks, either through the EU rescue fund or through a bilateral loan, its finance minister said on Tuesday, Reuters reported. “We are optimistic we will get the financing we need to recapitalise the banks, whether that will be through a bilateral agreement, [...]
Al Jazeera Reports on Why GRexit is Inevitable
A report by Al Jazeera’s business editor Abid Ali was posted today at the international news agency’s online edition explaining why Greece will inevitably exit the Euro Zone. Despite the election results that could bring a new government in power to Greece, the GRexit will most certainly follow because the austerity measures imposed by the [...]
Merkel: Greece Must Stick to Bailout Terms
German Chancellor Angela Merkel is insisting that Greece must implement the reforms it agreed to in exchange for rescue loans from international creditors. German news agency DAPD reports that Merkel said at the Group of 20 summit in Mexico that “no departures can be made from the reform measures.” She added that “we have to [...]
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05 / 19 Open Call for Greek Designers
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Calendar – Exhibits, Concerts, Fun
- Open Call for Greek Designers May 19, 2013
- Greece Celebrates International Museum Day on May 18 May 18, 2013
- Edessa Cherries, Wine For Gastronomy Fair May 17, 2013
- Greek Choreographers Festival In Thessaloniki May 17, 2013
