Greek Prime Minister George Papandreou said the country’s fiscal plan will lead the country “out of the woods.” Papandreou, speaking at a joint press conference in Athens with Canadian Prime Minister Stephen Harper, said the country already has accomplished impressive targets and there are signs of improvement in the Greek economy. Papandreou expressed hope that [...]

Time is running out for Greek politicians to reach agreement on backing an economic adjustment programme to deal with its debt crisis, the European Commission’s top economics official said on Friday. “We expect that the efforts towards a cross-party agreement to support the EU-IMF program will continue,” Mr. Rehn said in a statement reported by [...]

Greek political leaders failed to reach consensus during[...]

 Political party leaders including both the finance and foreign ministers will convene Friday, after noon, in an extraordinary meeting called the president of the republic. The gathering of the Greek political party hopes to reach consensus on austerity measures needed to resolve the economy crisis. According to sources, the President took the initiative for a meeting of the [...]

Greek Prime Minister George Papandreou stressed in Paris on Wednesday that: “It is Greece’s responsibility to solve its crisis”.  He added, “Greece is not a poor country” and “it has great possibilities, but was mismanaged.” Addressing a roundtable at the Public Commemoration of the Organisation for Economic Cooperation and Development’s (OECD) 50th anniversary, Papandreou underlined [...]

Greece must make sacrifices to overcome its debt crisis or face the risk of leaving the eurozone and return to the drachma, the European Commission’s Greek representative warned Wednesday. “The greatest (achievement) of post-war Greece — the euro and the country’s European course — are in danger,” fisheries commissioner Maria Damanaki said in a statement. [...]

As growing skepticism spreads among European leaders over whether the Greek government will actually pay off its debts, EU officials and diplomats are considering how to take the burden out of Greece’s hands and get the country back on its feet. One effective way, would be the setting up of an international agency to oversee the €50bn [...]

On Tuesday, main opposition New Democracy leader Antonis Samaras again rejected government overtures for his party’s consensus for the eagerly expected and new batch of urgent privatizations.  Speaking immediately after the conclusion of a meeting with Prime Minister George Papandreou, he stated: “I will not agree with the proven erroneous recipe of the (EC-ECB-IMF) Memorandum,” [...]

The battle to save the country is continuing, and no cowardice can be forgiven in serving this patriotic duty, Prime Minister George Papandreou told a Cabinet meeting on Monday.  The meeting was held to discuss the government’s Medium-Term Economic Program. Last year he said, with the government’s decisions and the Greek people’s sacrifices, we averted [...]

Prime Minister George Papandreou will chair a Cabinet meeting on Monday, where the Medium-Term Fiscal Adjustment Framework will be discussed. According to reports, final decisions will not be taken on Monday and the package will not be closing in its entirety since negotiations with the Troika experts have not been completed. The negotiations will continue [...]

Ruling PASOK’s lead over main opposition New Democracy has diminished to zero percent, according to an MRB poll on behalf of RealNews newspaper.  The results appeared in the newspaper’s Sunday edition. Both PASOK and ND amassed 21.5 percent each, among respondents to the poll, followed by the Communist Party of Greece (KKE) with 8.1 percent, [...]

Greek Prime Minister George Papandreou said in an interview Saturday he was determined determination to save the country, but ruled out a restructuring of Greece?s massive debt. “Restructuring is not in the discussions,” said Papandreou in an interview to Sunday newspaper Ethnos. “I choose to fight for my country and that is what I am [...]