ECB
Economy
ECB Suspends Eligibility of Greek Bonds as Collateral
The European Central Bank said Friday it would suspend "for the time being" the eligibility of Greek sovereign bonds as collateral for its loans to banks.
Greek sovereign bonds "will become for the time being ineligible for use as collateral...
Economy
Kouvelis Says Greece Could Still Default Yet
ATHENS – Fotis Kouvelis, leader of the tiny Democratic Left party that is a partner in New Democracy Conservative Prime Minister Antonis Samaras’ uneasy coalition with the PASOK Socialists, has warned that Greece may yet default on its loans...
Economy
Venizelos Says No More Pay Cuts or Tax Hikes
ATHENS - Greek Prime Minister Antonis Samaras and his coalition partners have agreed on little more than half of the $14.1 billion in cuts demanded by international lenders over the next three years, but agreed that there would be...
Economy
Samaras Tells Ministers: Find $14 Billion in Cuts or I Will
ATHENS – With his Cabinet members reluctant to make deep cuts needed to satisfy international lenders who want Greece’s government to slash spending by $14 billion, new Prime Minister Antonis Samaras has told them that he will if they...
Economy
Bill Clinton Coming to Greece to Push Diaspora Charity Work
ATHENS - Former U.S. President Bill Clinton will reportedly come to Greece later this week at the behest of a group of influential Greek Americans who want to change the negative image of the country as it struggles through...
Economy
Tsipras Says More Austerity Coming, Greece Will Quit the Euro
ATHENS – Continuing his non-stop onslaught against pro-austerity Prime Minister Antonis Samaras’ coalition, Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras said the new government will – despite its promises – impose more austerity on weary Greeks and...
Economy
Funding Hangs on Troika Mission
It is too early to say how Greece will meet its financing needs and discussions can only begin once a lenders' mission returns to Athens, two EU officials said on Saturday, but a senior policymaker has said there was...
Economy
Greeks Will Get Extra Property Tax in Electric Bills Again
ATHENS – In yet another reversal for the new coalition administration led by New Democracy leader and Prime Minister Antonis Samaras, the government will put a special property tax into electric bills again, after promising it would not –...
Economy
Scary Prediction That Greek Unemployment Could Hit 30%
ATHENS – Greece’s jobless lines, now with more than 1.1 million people in them as unemployment has hit 22.5 percent, could be a lot longer by the end of the year and be the world’s highest, one of the...
Economy
Failed Former Greek Premier Papandreou Gets Harvard Post
ATHENS – If old soldiers never die but just fade away, it seems that politicians who lose office slide into college teaching positions. Former Greek Prime Minister George Papandreou, whose two-year reign ended ignominiously in 2011 when he was...