ECB
Economy
ECB Official: Greece Must Deliver "100%"
A top European Central Bank official says that Greece must fulfill its austerity and reform targets "100 percent" to stay in the euro and is questioning whether Athens can be given more time. Greece's new government wants to lower...
Greece
A PR Campaign for Greece That Didn't Fly
ATHENS – If a country ever needed a public relations makeover, it’s Greece, but with the government unwilling to pay for it during a crushing economic crisis and a notoriously visitor-unfriendly tourism ministry, it has been Greeks from the...
Economy
Samaras Writes EU for Help as IMF Prepares Visit
ATHENS – Unable to attend a critical meeting of European Union leaders because he is still recovering from eye surgery for a detached retina, new Greek Prime Minister Antonis Samaras has written the EU a letter asking them not...
Economy
Another Greek Resignation: Privatization Head Quits
ATHENS – Little more than a week into his uneasy tripartite coalition government, Prime Minister Antonis Samaras’ plans to get the Greek economy back on track suffered another blow with the resignation of Yiannis Koukiadis, the head of the...
Economy
Rapanos Was Unhappy with Samaras' Cabinet Picks
ATHENS – Designated Finance Minister Vassilis Rapanos, who cited ill health for his decision not to accept the post, resigned because he was also dissatisfied with new Prime Minister Antonis Samaras’ decision to stock his coalition Cabinet with political...
Economy
Greece Locked out of Markets Until 2017 or even 2022
ATHENS – After stiffing investors earlier this year with 74 percent losses and still wracked by a deep recession, $460 billion in debt, and unable to raise revenues or collect from tax evaders, Greece seems unlikely to win back...
Economy
Citing Ill Health, Designated Finance Minister Rapanos Resigns
ATHENS - The prime minister's office says Greece's designated Finance Minister, Vassilis Rapanos, who was rushed to a hospital on June 22 after he felt nausea, abdominal cramps and fainted, has resigned after being released, citing ill health
Rapanos, President...
Economy
"Troika" Postpone Mission to Athens
Greece’s international lenders called off a mission to Athens on Sunday, only hours before they were due to arrive – because the new prime minister and finance minister were both still in hospital.
The delay highlights the paralysis of Greece’s...
Economy
Greek Banks Looking for More Government Money
ATHENS – Greece’s beleaguered banks, beset by nervous Greeks yanking out billions of dollars in the frantic period ahead of the critical June 17 elections and holding on thanks to an emergency injection of $23.9 billion in a bailout,...
Economy
Samaras’ Coalition Seeks to Undo the Deals He Made
ATHENS – With Greece’s new coalition facing a technical vote of confidence this week from the Parliament it controls, the three quasi-partners: the ruling party of New Democracy's Antonis Samaras, who won the elections, the PASOK Socialists who finished...