ECB
Economy
Greece Being “Invaded” by Waves of Immigrants, Detains 6,000
ATHENS – Even as authorities continue a sweep of illegal immigrants and planning to build detention centers to house them – and ready to deport some 200 Pakistanis – Greek Public Order Minister Nikos Dendias said the country is...
Economy
Desperate Greece Set to Raise Retirement Age to 66
ATHENS – Looking to slash government spending everywhere it can to satisfy the demands of international lenders, the coalition led by Prime Minister Antonis Samaras is mulling whether to force Greeks who were set to retire to work at...
Economy
ECB Acts to Head off Greek Bankruptcy
The European Central Bank has moved to stave off Greece bankrupcty for the time being by guaranteeing additional emergency loans from the country's central bank, a German newspaper reported Saturday.
The ECB's governing council decided at a meeting Thursday on...
Economy
Samaras Will Boot New Democracy MP for Tweeting Criticism
ATHENS – A former Deputy Labour Minister under the ruling New Democracy party who stepped down last month to protest Prime Minister Antonis Samaras’ decision not to try to renegotiate harsh terms of bailouts with international lenders as he...
Economy
Greek Coalition Partners Disagree, But Back More Austerity
ATHENS –After a tense showdown that threatened to break up an already uneasy coalition government, Greek Prime Minister Antonis Samaras said on Aug. 1 that he had convinced his reluctant partners, PASOK Socialist leader Evangelos Venizelos and Democratic Left...
Economy
Cash Running Out, Samaras Meets Troika for Urgent Budget Talks
ATHENS – With signs that his coalition government is fraying, Greek Prime Minister Antonis Samaras met for urgent talks on July 31 with officials from international lenders who are pressing him to make more cost-saving measures. Samaras was unable...
Economy
Greek Coalition Budget Talks Stymied, No Details on Cuts
ATHENS – Greek Prime Minister Antonis Samaras and his coalition partners missed their own deadline on July 30 to reveal the details of a $14.16 billion savings plan demanded by international lenders to keep rescue loans coming as the...
Economy
Auditors to Stay in Greece Until New Reforms are Ready
Representatives of the European Commission, the ECB and the IMF, the so-called troika, will remain in Greece for as long as needed in order to determine the 11.6 billion euro worth of consolidation measures needed over the next three...
Economy
Greek Coalition Eyes More Pension, Wage Cuts to Close Gap
ATHENS – Days after Greek Prime Minister Antonis Samaras and his coalition partners said they would not again cut wages and pensions as part of a $14.16 billion savings plan to satisfy international lenders, they are reportedly ready to...
Economy
Samaras Says Greece Needs More Time But Won't Ask
ATHENS – With new estimates that a five-year-recession worsened by austerity measures demanded by international lenders has created a $37 billion gap in recovery plans, Prime Minister Antonis Samaras has given Greece’s creditors a letter explaining that the country...