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Greek Crisis

Greek Crisis Conference Slated for London

The Reload Greece Conference, which aims to produce insights into the challenges of Greece’s lagging economic development and inspire the next generation to create innovative enterprises, will be held at the Hellenic Center of London on Sept. 22, with the support...

Dutch Prime Minister: No More Aid for Greece

Dutch Prime Minister Mark Rutte promised voters that the Netherlands won΄t give any more aid to Greece if he remains in power, and said it may be inevitable that Greece will leave the euro zone. Mr. Rutte, who made the...

Finance Ministry Calculating German War Reparations Bill

Greece’s Finance Ministry will calculate the country’s claim for World War II reparations against Germany, Deputy Finance Minister Christos Staikouras said. The General Accounting Office will make the calculation for the first time, Staikouras said today in response to a...

Union Says Greek Unemployment Could Reach 29%

Greece's largest labor union has warned that the country's unemployment rate - now at 23.1 percent will reach 29% in 2013 if the government carries out more planned austerity measures that include $14.16 billion in cuts for 2013-14. "The course...

Troika Wants Six-Day Work Week for Greeks

A confidential email to the Greek Ministries of  Finance and Labor from international lenders putting up $325 billion in two bailouts to keep the economy from failing states that Greek private sector workers should work six days a week...

Greece's Old Royal Estate at Tatoi Goes on the Blocks

Greek Finance Minister Yannis Stournaras has decided to include the former Royal Estate at Tatoi, northern Athens, in the list of state properties to be put up for sale or lease by the state privatization fund (TAIPED). The 42-square kilometer...

Most Germans Αnticipate a Greek Εuro Εxit

According to a Financial Times poll, only a minority of ordinary Germans want Greece to stay in the eurozone. There's not much optimism left that the government in Athens will be push through required reforms. Only about a quarter of...

Out of the Past: Greeks Fight Crisis With Laughter

Is laughter the best medicine? From the outside looking in, a crisis affecting the economic, political and social structures of a country seems like nothing to laugh laugh about. Despair and unemployment, depression and fear of a bleak future, loss...

Greek Conservatives Keep Slight Lead Over Opposition: Poll

Greek Prime Minister Antonis Samaras's conservatives have maintained a slight lead over the main opposition party Syriza, according to an opinion poll published Sunday. New Democracy, the major partner in the coalition government, enjoyed a 24.8 percent lead over the...

Greek Purchasing Power in Freefall, Unions Say

Severe wage cuts have halved the purchasing power of Greeks over the last three years, according to the results of a union study published Friday in the Athens daily Ta Nea. In 2012, the monthly minimum wage was cut from...