Eurozone
Economy
SYRIZA Touts Historic Triumph, New Democracy Says No Snap Elections
With exit polls and early results showing the ruling New Democracy Conservatives of Prime Minister Antonis Samaras on track to lose the May 25 European Parliament elections by 3 percent to the major opposition Coalition of the Radical Left...
Greece
Tourists 'Vote' for Greece
Tourism numbers for Greece for the first quarter of 2014 offer some cause for optimism for the battered hellenic economy. According to data published by Greek tabloid Efimerida Friday, nearly 1.19 million tourists chose to visit Greece between January and March, an 18.2% increase on the same period last...
Economy
Greek Election Day: Samaras' Coalition Faces Tough Mid-Term Challenge
Prime Minister Antonis Samaras' fragile coalition of his New Democracy Conservatives and partner the PASOK Socialists faced a stern test as Greeks went to the polls on May 18 in municipal elections.
The day didn't start well: PASOK leader Evangelos...
Economy
PASOK's Dim Elections Hopes Threaten Greek Government's Survival
Prime Minister Antonis Samaras' hopes of continuing his administration to the 2016 elections could depend not on the showing of his New Democracy Conservatives in this month's elections for Greek municipalities and the European Parliament, but of his coalition...
Economy
Samaras: Tax Cuts, But No More Austerity Or Bailouts
With his New Democracy Conservatives putting taxpayer-funded ads into the media with critical elections looming for the European Parliament and Greek municipalities this month, Prime Minister Antonis Samaras told private Antenna television in an interview that he won't seek...
Economy
Greece Readies Debt Relief Plea
With a primary surplus in hand, Greece is set to ask the eurozone to approve some sort of relief from the 240 billion euros it has borrowed from international lenders, reportedly a 50-year repayment schedule, lower interest or an...
Economy
Anxious Tsipras Says He'll Keep The Euro
Greece's main opposition Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras is fending off criticism that he would take Greece out of the eurozone if he were to come to power, as he tries to keep the reins on his...
Economy
Reuters: Greece to Seek 50-Year Extension on Loan Repayment
Reuters revealed Wednesday that Greece is planning to ask for a 50-year extension to its repayment of loans from its international creditors.
“Greece will formally propose stretching the maturity of its international rescue loans to up to 50 years as part of...
Economy
EU: Greece Behind Schedule in Debt Reduction Efforts
The European Commission has urged Greece to redouble its efforts to bring down the country's massive debt load faster. It said in a progress report the struggling eurozone nation appeared unable to meet agreed targets.
In its latest assessment of...
Economy
Eurostat Fudged Greek Primary Surplus Figures
The European Union's statistics agency Eurostat has said it manipulated data to show that Greece has a primary surplus of 1.5 billion euros when in reality it still runs a deficit, but defended the fudge as a legitimate exception afforded none...