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IMF

Cyprus' GDP Shrinking Less than Expected

According to the Ministry of Finance, Cyprus' economy shrank by 5.5 percent in 2013 which is less than expected, probably due to the resilience of private consumption and the turnover from tourism. The Cypriot government, which has received 10 billion Euros...

Fearing Terrorists, Anxious Athens Steps Up Security

Greece has taken extra precautions and beefed up security in the wake of the disappearance of a convicted November 17 terrorist who walked away from a holiday furlough and then appeared in an Internet video promising a wave of...

Samaras Blasts PASOK For Bailout

In an indirect slap at his coalition partner, PASOK leader Evangelos Venizelos, Prime Minister and New Democracy Conservative chief Antonis Samaras said a first bailout of $152 billion that the Socialists got from international lenders in 2010 that came...

Xeros Vows To Kill Political Leaders

Convicted November 17 terrorist Christodoulos Xeros, who walked away from a furlough he was given despite serving six life sentence for six assassinations warned in a video he posted that he's gunning for political leaders from the ruling New...

Samaras Moves To Thwart SYRIZA

Moving to head off the major Coalition of the Radical Left (SYRIZA) before it can block selection of Greece's next President in a bid to force new elections, Prime Minister and New Democracy Conservative party head Antonis Samaras reportedly...

Stournaras Says Troika Delay No Problem

The ever-optimistic Greek Finance Minister Yannis Stournaras said a delay in the return of envoys of international lenders to resume negotiations over long-delayed reforms and how to close a budget hole in the 2014 budget of as much as...

Political Rivals Condemn Terrorist Threats

Setting aside their political differences, Greece's bitterly-divided parties have condemned what was called a terrorist act, the sending of bullets in the mail to the country’s central banker and a prominent journalist. Central Bank Governor Giorgos Provopoulos received an envelope...

Defense Scandal Prompts More Oversight

The Greek government said it will overhaul contract awarding procedures and place defence contracts under increased parliamentary oversight following a corruption scandal in which at least 10 high-ranking military officers have been implicated for taking bribes to approve contracts...

Greek Banks May Need More Cash

While insisting the economy shows all the signs of recovering - as he has previously said the last several years only to be proved wrong - Bank of Greece Governor Giorgos Provopoulos issued a caveat that the country's banks...

SYRIZA Killing New Democracy, PASOK in Attica

A series of scandals, unresolved talks with the country's international lenders, and the escape of a terrorist seem to be taking their toll on Prime Minister Antonis Samaras' coalition government and his New Democracy Conservatives, who have fallen 7.7...