IMF
Economy
Greek Labor Law Changes Deemed Unlawful
Greece’s pending $17.45 billion plan for spending cuts and tax hikes demanded by international lenders includes clauses that are unlawful because they violate workers’ rights, a committee of the Council of Europe has ruled in a non-binding judgment.
The committee...
Economy
Samaras in Brussels as Greeks Protest, One Dead
With Prime Minister Antonis Samaras in Brussels pleading with European Union leaders for the release of more rescue monies, some 70,000 Greeks roared through the downtown of Athens to protest more pay cuts, tax hikes and slashed pensions demanded...
Economy
Spiegel Reports Greece Will Get Loans
While German Chancellor Angela Merkel said she’s waiting for a report from international lenders, the news magazine Spiegel said a decision has already been made that Greece will get its next installment by the end of November.
Greece is awaiting...
Greece
Greece-Troika Budget Stalemate Continues
Greek Prime Minister Antonis Samaras will go to a European Union meeting on Oct. 18 empty-handed after his coalition partners refused to go along with changes to labor rules as part of a $17.45 billion spending cut and tax...
Economy
Kouvelis, Venizelos Reject Troika Demands
Greek Prime Minister Antonis Samaras’ uneasy coalition government has started to come apart over demands by international lenders for even deeper austerity measures as his partners, the PASOK Socialists of Evangelos Venizelos and Democratic Left of Fotis Kouvelis, said...
Economy
Troika Breaks Off Budget Talks With Greece
Greece’s negotiations with international lenders hit another snag on Oct. 16 when the envoy of the International Monetary Fund (IMF) broke off talks and said he had to brief the agency’s chief, Christine Lagarde on the lack of progress.
The...
Economy
No Greek Deal With Troika Before EU Summit
Greek Prime Minister Antonis Samaras' hopes of going to a European Union meeting on Oct. 18 with a finalized package of $17.45 billion in spending cuts and tax hikes imposed mostly on the country's workers, pensioners and the poor...
Economy
Greek Minister Says EU-IMF Wrong on Austerity Impact
Greece's deputy finance minister on Monday said that international creditors had underestimated the impact of three years of austerity on the country's deep recession by using a faulty calculation.
Christos Staikouras said the actual fiscal multiplier, or negative effect, of...
Economy
PASOK Rebels Want Party to Quit Coalition
Seeing the party’s popularity plummet from 44 percent in 2009, when it won the Prime Minister’s office, to barely 10 percent now, dissenters within PASOK want the Socialist party to break away from the uneasy coalition government led by...
Greece
Greek Hospital Doctors to Strike Oct. 17-18
With a general strike already called for Oct. 18 by Greece's two largest labor unions in protest of more impending austerity measures from the government, hospital doctors said they will join and also not work the day before.
Oct. 18...