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Greek Crisis

ECB Official Says No Help On Greek Bonds

A senior European Central Bank official is insisting that the bank can't help Greece by agreeing to roll over the government bonds it holds or accept lower interest rates. Prime Minister Antonis Samaras, who wants more time to enact reforms...

Samaras: 'Till Will Be Empty' in November

Greece’s Prime Minister has said his country can survive until the end of November without receiving the next planned instalment of its bailout loans. Officials from the European Commission, International Monetary Fund and European Central Bank are currently in Greece...

Greek Waiters to Fill Vacancies in Salzburg

Salzburg tourism officials are heading to Greece to recruit staff to fill a shortage particularly for cooks and waiters that are badly needed in the region's restaurant and hotel business. The project is part of an initiative by the local...

Greek Ex-Minister Hangs Himself After Graft Probe

A Greek former junior minister was found hanged on Thursday after his name appeared on a list of politicians investigated for possible tax evasion, the police said. Leonidas Tzanis, a 57-year-old lawyer who had served as deputy interior minister a...

Draghi Says No Extra Time for Greece to Pay Loans

European Central Bank chief Mario Draghi said Greece would not get extra time to pay off its debt, calling an extension "tantamount to monetary financing." The ECB is ready to launch its bond-buying program for Eurozone countries with debt...

IIF: EU, ECB, IMF Should Lower Greek Loan Interest Rates

The EU, the European Central Bank and the International Monetary Fund should slash interest rates on the Greece debt they hold to give the near-default nation a fighting chance to recover, the head of the Institute of International Finance...

Protesters Storm Greek Defense Ministry Grounds

Police clashed with scores of protesting shipyard workers after they forced their way into the grounds of Greece's Defense Ministry in Athens. Riot police were called in to force back the protesters after the leader of the country's armed forces,...

Greeks Hand Kids to Taxman in Protest

Dozens of angry Greek parents handed over their children to bewildered officials on Oct. 3 in a symbolic protest against the abolition of tax breaks for large families as part of cuts demanded by foreign lenders. "Here you go, you...

Hopes Fade for Quick Deal on Austerity Cuts

Greece's efforts to clinch a deal with its international creditors on a package of cuts by the end of this week are under threat, with the government saying that a "fairly big" gap still separates the country from its...

EU OKs Greek Plan to Extend OPAP Exclusive Rights

The European Commission has authorised Greece, under EU state aid rules, to prolong until 2030 exclusive rights granted to OPAP, the Greek public gambling operator, to operate 13 games of chance, and to grant an exclusive licence to the...