IMF
Greece
Banking's Big Lie Breaks Cyprus
If banks loaned money at their own risk, there would be far less reprehensible moneymaking in the world. Unfortunately, that is not the case. Convinced that banks had all the answers to the ever-increasing socio-economic problems, governments have endorsed...
Economy
A Test for Samaras as Greece Closes Down
Greek Prime Minister Antonis Samaras’ uneasy coalition government faces its toughest test this week when a $17.45 billion spending cut and tax hike plan aimed squarely at workers, pensioners and the poor goes to Parliament for a vote on...
Business
Vaxevanis Says Greece Hiding Corruption
A Greek journalist acquitted of violating privacy laws for publishing a list of 2,059 depositors with $1.95 billion in a Swiss bank being kept secret by the government, said the country’s political and rich are trying to muzzle the...
Economy
Syriza MEP Chountis Says Labor Reforms Unlawful
Nikos Chountis, one of the Greek Coalition for the Radical Left (SYRIZA) Members of the European Parliament, has asked the European Union (EU) to withdraw its demands for changes to labor laws in Greece part of a new package...
Greece
Greece's Wealthy Know How to Dodge Taxes
As the government of Prime Minister Antonis Samaras has put a $17.45 billion spending cut and tax hike plan before Parliament for a vote on Nov. 7, ship owners are fighting to keep their tax-free status and statistics show...
Economy
IMF: Greek Loan Talks Stuck
Greece's negotiations with international lenders for desperately needed rescue funds are stuck some two weeks before bankruptcy looms, the IMF says.
The International Monetary Fund said on Thursday the talks were stalled over the conditions for financing Greece as it...
Economy
Despite Austerity, Greek Debt Pile Grows
Despite more than 2 ½ years of pay cuts, tax hikes and slashed pensions – and a pending $17.45 billion spending cut and tax hike plan demanded by international lenders in return for bailouts, Greece’s debt and deficit are...
Economy
Greek Lawmakers OK Privatization, No to Fund Mergers
As Prime Minister Antonis Samaras’ hopes of pushing a $17.45 billion spending cut and tax hike plan remained stalled, the Greek Parliament has approved a privatization bill but balked at merging health care funds, including one for journalists, who...
Economy
Vaxevanis Says Rich Elite Rules Greece
As he faces trial on charges of violating privacy laws for publishing a list of 2,059 Greeks with $1.95 billion in deposits in a Swiss bank who were never checked for possible tax evasion, investigative journalist Costas Vaxevanis has...
Economy
Greece Arrests Another Journalist, For Libel
Continuing a crackdown on journalists revealing embarrassing information or questioning its policies, the Greek government arrested a television journalist after midnight on Oct. 31 after he threatened to expose more damaging allegations about the country's economy as Prime Minister...