Greek Crisis

Greece on Sept. 27 launched the sell-off of one-third of its stake in OPAP, the sports betting and gambling business it operates. The country's privatization board is handling it, authorities said. The sell of shares is part of a broader...

The economic crisis in Greece has forced two amateur football sides to seek unusual sponsors in the shape of a brothel and an undertakers. "When we announced to the players that our sponsor would be a brothel, they wanted to...

The European Central Bank will not fill potential financing gaps in Greece's budget, Governing Council member Jens Weidmann said on Wednesday. Asked about whether Greece might need another bail-out, the president of Germany's Bundesbank told reporters after a meeting with...

While Greek workers protest in the streets against the new austerity measures, the Minister of Finance, Yiannis Stournaras, managed to finalize the package of budget cuts for the 2013-2014 period, and, following a meeting lasted over three hours, reached...

Some 50,000 Greeks worn out by austerity measures marched through central Athens on Sept. 26 in the first general strike since the country's coalition government was formed in June, as Prime Minister Antonis Samaras worked to finalize another $14.6...

The Turkish Dogan Holding is interested in joining in the purchase of shares in Greece’s sports gambling agency OPAP, which is going on the block as part of a privatization drive by the cash-strapped Greek government. Turkish businessman and Dogan...

Greeks facing hard times in a crushing economic crisis are heading to Turkey to sell their jewelry, desperate for cash as more austerity measures are set to be imposed on workers, pensioners and the poor. A silversmith, who declined to...

During an interview in Mediapart, a French online newspaper, Prime Minister Jean-Marc Ayrault said that it's unethical that rich Greeks are not paying their fair share of taxes during a crushing economic crisis that has seen big pay cuts,...

Greek Prime Minister Antonis Samaras faces the first real test of his already-shaky three-month coalition government this week with the walkout of public workers in several sectors and a 24-hour general strike on Sept. 26 against another round of...

The German government declined Monday to comment on reports in the German media about a widening gap in the funding need for Greece that could require additional financing. According to Dow Jones, the German government has "no reliable data" to...