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Schaeuble Tells Tsipras No Option to Austerity

German Finance Minister Wolfgang Schaeuble told Greek leftist opposition Coalition of the Radical Left (SYRIZA)  leader Alexis Tsipras on Jan. 14 that there...

Greek Lawmakers OK Tax Hikes

Moving to quickly satisfy international lenders, the Greek Parliament has approved a series of unpopular tax hikes and reforms to increase government income, one...

Despite Crisis, 50% of Greeks Want Own Business

While more than 68,000 businesses have closed since Greece's crushing economic crisis and austerity measures began in 2010, one of two Greeks still wants...

"Never on Sunday"

Workers in Greece’s private sector staged a strike in downtown Athens, protesting a measure that would keep stores open on Sundays. The move – as...

Troika Bailout Will Cost Cyprus Its Gas

Economic and social chaos has hit Cyprus big time. Owing to the mishandling of the economy, corruption and incompetence, the entire nation is now...

Greek Jobless Rate Seen Near 32% in 2014

Even as Greek Prime Minister Antonis Samaras has said he has saved Greece from bankruptcy and ruination by securing more loans from international lenders,...

EU Says Greek Tax Collection Lagging

Even as the Greek government, in an acknowledgment tax evasion is still a runaway revenue-bleeder, said it would set up a council of "Wise...

Eurozone OK's Rescue Loans For Greece

It took a long time, but finance ministers of the 17-nation Eurozone, after months of wrangling with Greece, on Dec. 13 agreed to release...

Andreas Papandreou: Client of the State

The unraveling of Greece didn't begin with the start of a five-year recession in 2007 that is heading into its sixth year, nor the...