IMF
Economy
Asmussen in Athens to Discuss Progress on Reforms
European Central Bank (ECB) Executive Board member Joerg Asmussen will visit Athens today for bilateral meetings with Greek policy makers and representatives of society and the business community to discuss the Greek adjustment programme and wider euro area developments,...
Economy
Schaeuble Says Greece Needs 3d Bailout
German Finance Minister Wolfgang Schaeuble said on Aug. 20 during a campaign stop to help Chancellor Angela Merkel's re-election bid next month that two bailouts of $325 billion from international lenders to prop up Greece haven't worked and that...
Economy
Samaras Says Reforms OK, Foreclosures Next
Prime Minister Antonis Samaras, in a meeting with key ministers on Aug. 20, said he wanted to prepare Greeks for the coming firing of public workers and the foreclosures of homes by banks from people who can't afford to...
Economy
Ousted TAIPED Chief Strikes Back
A day after being forced to resign as head of Greece's privatization agency TAIPED because he'd taken a ride on the private jet of a businessman buying the state gambling monopoly OPAP, Stelios Stavridis said he had done nothing...
Economy
Greece Will Let Banks Seize Homes
Bending to demands from international lenders, Greek Prime Minister Antonis Samaras' coalition government will let banks foreclose on homes of customers, many of whom have suffered big pay cuts, tax hikes and slashed pensions under austerity, setting aside a...
Economy
Greece΄s Budget Surplus May Be A Minus
While the Greek government is crowing that it has achieved a primary surplus and the economy will begin to recover next year, skepticism abounds in some quarters still, particularly in a report in CNN Money which said the statistic...
Business
Greek Retail Workers Face 13% Pay Cut
With the government set to transfer or fire 40,000 public workers and employee rights being decimated during a crushing economic crisis, the President of the National Confederation of Greek Commerce (ESEE), Vassilis Korkidis said businesses want a 13% wage...
Economy
Coalition MP's Oppose Foreclosure Plan
Greek Prime Minister Antonis Samaras' plan to let banks seize homes if people can't afford to pay their mortgages because of unrelenting austerity measures has run into resistance even from Members of Parliament in his New Democracy Conservative party...
Economy
Die Welt Says Greece Will Stiff Germany
The German newspaper Die Welt has reported that with speculation still rampant Greece will get a write-down in its debt to international lenders, including Germany, after that country's elections next month, that the idea of Greece leaving the Eurozone...
Economy
Samaras Heading For U.S. Again
Glowing after meeting U.S. President Barack Obama in the White House on Aug. 8 and meeting with Diaspora leaders in New York as part of a visit to the United States, Greek Prime Minister Antonis Samaras is getting ready...