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Fires Spread in Greece, State of Emergency on Rhodes

The plague of wildfires in Greece this summer has hit forested areas on the Greek islands of Hydra, Rhodes and Crete and in the...

Greece Plans Special Economic Zones to Lure Businesses

The Greek government plans to set up special economic zones to attract private investment and help lift the economy out of a deep repression,...

Piraeus Bank Close to Buying French-backed Geniki

Piraeus Bank, Greece's fourth-largest lender, is close to a deal to buy Geniki Bank, media reports said on Aug. 29. Talks between the banks...

Greece Mulls Idea to Put a Tax on Unused Cars

Frantic to find revenues everywhere, except from tax evaders it seems, the Greek government is reportedly mulling a plan to put a tax on...

Stournaras: Government Has Identified Budget Cuts

The Greek government identified the measures to be included in 11.5 billion euros ($14.5 billion) of budget cuts in the next two years as...

PAOK and Rapid Hit With Suspended Bans

PAOK and Austrians Rapid Vienna were sanctioned by UEFA Tuesday following crowd trouble at their Europa League play-off first leg last week. Both clubs were...

Bomb Explodes Outside Greek Bank Branch

A makeshift bomb exploded outside a National Bank of Greece branch in Athens early on Aug. 28, causing minor damage but no injuries, police...

German Media Says Greek Spats Cracking Merkel’s Coalition

Just days after German Chancellor Angela Merkel heard Greek Prime Minister Antonis Samaras' plans to make another $14.16 billion in cuts and impose more...

Time Magazine Says Samaras is Troika’s Darling

It might not be the compliment he'd like, with Greeks furious he's going to impose more austerity measures and critics saying he has kow-towed...

Austria Chancellor: Greek Payback Could Get More Time If Guarantees Reforms

Greece could get a time extension for paying back loans to creditors if it guarantees that it's sticking to the agreed reform and cost-cutting...

Visiting Mount Athos, the Land of Monasteries

Mount Athos, or Aghion Oros, is not a common place to visit for a vacation, especially for women since they are banned under a...

Greek Bank Recapitalization Not Before End of 2012

The recapitalization of Greece’s four largest banks will not be completed until the end of the year, or in early 2013, at the soonest,...

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