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Samaras Cancels Prime Minister's Annual Economic Address

ATHENS – With Greece’s already-struggling economy sinking fast and his new coalition government unable to find any answers, Prime Minister Antonis Samaras is ending a tradition that has had Greek leaders for years giving an annual economic speech that...

Stournaras Wants Tax Cheats to Pay Overdue Fines

ATHENS – Struggling to find ways to cut $14.16 billion in spending and raise more revenues, Greece could realize as much as $1 billion just by collecting fines against convicted tax cheats who haven’t paid, Finance Minister Yiannis Stournaras...

OECD Head Says Greece Should Stay in Eurozone

PARIS - Despite a crushing economic crisis, Greece should stay in the Eurozone of the 17 countries using the euro as a currency, but must continue to implement reforms at the same time, Angel Gurria, Secretary-General of the OrgThe...

Greek Labor Analyst Says Jobless Rate Could Hit 29%

ATHENS - With Greece’s unemployment rate already at a record high of 23.1 percent  - and 1.15 million people out of work during a crushing economic crisis, the Director of the Labor Institute at Greece’s largest private sector union...

Greece Fires Manager for Refusing to Cut Workers’ Pay

ATHENS – The new coalition government led by New Democracy Prime Minister Antonis Samaras has forced the manager of the state nickel producer LARCO to resign after he refused an order to reduce workers’ pay as part of efforts...

Greece Set to Fire 40,000 Public Workers, Unions Vow Resistance

ATHENS – Under the gun from international lenders to make another $14.16 billion in cuts on top of crushing austerity measures that have hit workers, the elderly and the poor, Greece is set to put some 40,000 workers in...

Greek Power Plant Threatens Blackouts to Fight Privatization

The Communist-inspired President of Greece’s most powerful labor union is threatening to have workers at the country’s biggest power plant turn off the electricity around the country in the height of the tourist season to protest government plans to...

Greek Coalition Quarrels Over Worker Layoffs

ATHENS – Greece’s already uneasy coalition government is fraying further as a dispute has developed between Conservative Prime Minister Antonis Samaras and his Leftist partners, who said they will not go along with a plan being considered to lay...

Layoffs Coming for Thousands of Greek Workers

ATHENS – Saying that “the numbers don’t add up,” for Greece to make 11.5 billion euros ($14.16 billion) in cuts ordered by international lenders to keep lifeline loans coming, Finance Minister Yiannis Stournaras said the new coalition government is...

German Magazine Brands Tsipras EU Enemy Number 1

ATHENS - Greek Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras, whose party is the main opposition to a new Greek coalition government and has been a firebrand against austerity measures, is the most dangerous politician in Europe,...