Greek Crisis

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 targets, Austrian Chancellor Werner Faymann told the Sunday edition of Austrian newspaper Oesterreich in an...

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, newspaper To Vima said, without citing anyone. The original plan for 10 percent of recapitalization funds...

German Chancellor Angela Merkel told visiting Greek Prime Minister Antonis Samaras that she will wait until a report late in September from international lenders before deciding whether Greece is meeting reform targets and should keep getting rescue loans or...

Germany's preparations for a possible Greek exit from the Eurozone are more intense than previously known, the German daily Financial Times Deutschland reported Friday, citing sources in the finance ministry. According to the report, the finance ministry has created a...

Reversing yet another pledge, the Greek government is considering selling or leasing some of the country’s islands in a desperate bid to raise cash to help keep the sinking economy afloat and convince international lenders to keep rescue loans...

German Finance Minister Wolfgang Schaeuble said there has to be “understanding” for the difficult situation Greece is in and it’s clear that the country lost time because of repeated elections. Still, giving Greece more time to meet its obligations under...

On the orders of Greek Prime Minister Antonis Samaras, public funding for nongovernmental organizations was frozen on August 21 as part of the effort to reduce waste, according to the daily paper Kathimerini. It is not known exactly how many...

Greek PM Antonis Samaras said extra time would help Greece - in its fifth year of recession - return to growth. Mr Samaras is keen to soften the impact of budget cuts on a society where social and political discontent...

When Greece makes a $3.98 billion loan payment this month to the European Central Bank, one of its international lenders in bailouts, Germany - which is putting up much of the rescue monies - will reap the biggest profit,...

The esteemed German news magazine Der Spiegel published an extensive report on the innovative website HireaGreek.com, created last February by Greek Reporter. The idea for the initiative that aims to help jobless Greeks find jobs came from Anastasios Papapostolou, founder and editor...