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Greece’s jobless rate hit a new record 27 percent in November, 2012 – some 61.7 percent for those under 25 – as statistics showed the economy shrank by 6 percent in the last quarter of the year, a double...

Pushed hard by international lenders to speed the pace of privatizations and selling off state lands, the Greek government has instead submitted to Parliament an amendment that would allow investors to lease islands instead of purchasing them. The proposal also...

Having crushed workers strikes with riot police, Greek Prime Minister Antonis Samaras wants to make it tougher for workers to walk off the job and is setting his sights on reducing Greece’s hugely redundant civil servant sector. Under continued pressure...

Beset by relentless pay cuts, tax hikes, and slashed pensions that have eaten up 46.5 percent of their income, half of Greek households report they couldn't pay their everyday bills last year, forcing them to borrow money from relatives...

Taking a cue from banks who are offering better terms to customer who can’t pay their loans and credit cards, Greece is planning to offer beleaguered taxpayers buried under doubled income and property taxes  to pay what they prove...

It may come as a surprise during Greece's crushing austerity measures that anyone is getting a pay raise in the public sector, but the country's international lenders have ordered an end to automatic wage increases based on the number...

The scandal of the failed Proton Bank that has led to fraud and embezzlement charges being filed against its former main shareholder and 30 others has grown with the arrest of the Chief Financial Officer of one of Greece’s...

Greek Finance Minister Yiannis Stournaras, upbeat that Greece will begin to recover from its crushing economic crisis as soon as October, and said it could have been averted if former Prime Ministers George Papandreou and Costas Karamanlis had taken...

The International Monetary Fund, one of Greece's international lenders, is sending a team back to Greece this month to assess the country΄s performance under an austerity program backed by an international rescue. The IMF monitors will meet in Athens...

Unable or unwilling to collect $70 billion in unpaid bills of tax cheats, the Greek government’s turning to higher taxes for those who can’t evade them has pushed property taxes up 600 percent in less than three years. The Greek...