Greek Crisis

The Greek government announced on Tuesday the merger or cutting of about 20 public agencies in an effort to axe state spending as called for by the country's EU-IMF lenders. In a statement, the ministry said that 5,256 employees from...

The President of the European Commission Mr. Jose Manuel Barosso is coming to Athens in order to meet with the Greek Prime Minister Mr. Samaras. The goal of the forthcoming meeting will be the discussion of the economic situation in...

Greece's prime minister warned Tuesday that the country was sinking even deeper into recession and called for unity in implementing essential reforms as a delegation of international inspectors returned to the Greek capital. Speaking to parliamentary deputies from his center-right...

The troika returns to Athens today to begin an assessment of the second multi-billion euro bailout for Greece. It is widely expected that officials from the European Commission, European Central Bank and the International Monetary Fund will find that Greece...

German Economy Minister Philipp Roesler on Sunday reiterated his doubts about whether debt-mired Greece would be able to stay in the euro zone, saying the 'horror' of a potential exit had worn off. Mr Roesler told ARD public television that...

ATHENS, Greece – Convening a group of Greek business leaders and prominent members of the global Diaspora, The Hellenic Initiative (THI) was officially launched today during a roundtable discussion on how international collaboration can support the sustainable long term...

ATHENS – Meeting with visiting former U.S. President Bill Clinton, who game to Greece with a group of influential Greek-American leaders to discuss programs to help Greek charities and spur the country’s economy, new Prime Minister Antonis Samaras told...

The German news magazine Spiegel reports that the IMF has told the EU it will provide no additional funds for Greece. The report has sparked fresh fears that Greece could fall into bankruptcy by the autumn. A report by a...

German Foreign Minister Guido Westerwelle ruled out any renegotation of Greece's budget austerity programme in an interview published Saturday. "I see desires emerging in Greece to renegotiate and substantially question the country's obligations to carry out reforms. I have to...

The European Central Bank said Friday it would suspend "for the time being" the eligibility of Greek sovereign bonds as collateral for its loans to banks. Greek sovereign bonds "will become for the time being ineligible for use as collateral...