Greek Crisis

Maria Fekter, Minister of Finance for the People's Party in Austria (OVP), said that Greeks did not properly use the billions of euros they are borrowing from international lenders and raised again the notion they are lazy. She said Greeks...

Greece has revised up its budget deficit and debt figures for last year, citing a deeper than expected recession and new data. The national statistical authority said Monday that government overspending in 2011 was 9.4 percent of GDP, compared with...

Greek Prime Minister Antonis Samaras says a deputy from his center-right party who has expressed opposition to new austerity measures is no longer part of the parliamentary group and asks that he be stripped of his party membership as...

Greece is to redouble its efforts to reach a deal with its creditors so that the loans it needs are handed over, the country's finance minister said in an interview published Saturday. "We have completed 90 percent of the road...

Greece will run out of money in mid-November and needs to receive a delayed $38.8 billion installment from its bailout package as soon as possible, Greek Prime Minister Antonis Samaras said on Oct. 19. “On the 16th of November the...

Euro-zone countries are considering a proposal that would see Greece cut its debt by buying back bonds held by private creditors at a discount, says Wall Street Journal. According to the report, the exercise, one of a number of options...

A senior figure in Germany's governing coalition whose party has talked particularly tough on Greece has signaled that he's open to giving Athens more time to get its finances in order. Over the summer, prominent officials in the Christian Social...

Berlin is waiting for the troika and German Chancellor Angela Merkel told the Bundestag ahead of a European summit today in Brussels that 'I don't want to anticipate the report, but I repeat what I already said in Athens:...

Greece and Spain are in “depression, not recession”, Nobel prize-winning economist Joseph Stiglitz said on Wednesday, blaming tough austerity measures for their downward economic spiral. Stiglitz also maintained that the International Monetary Fund was “a little too optimistic” in its...

Scientists are underlining that the continuing economic crisis in Greece, combined with uncertainty about the future and insecurity, is increasing depression rates dramatically and threatening their health. The Athens News reported that as many as of 33% of women and...