IMF
Economy
American Investors Betting On Greece
American investors are joining others from around the world betting on a Greek recovery, and in the meantime are buying up bonds and investing, picking up profits from interest rates before they go down.
The news agency Bloomberg said they...
Business
Greece Wants Azeri Gas Investment, TAP
With privatization and foreign direct investment lagging, Prime Minister Antonis Samaras has discussed the sale of the country's gas transmission network DESFA with visiting Azerbaijan President Ilham Aliyev, and the construction of the the Trans Adriatic Gas Pipeline (TAP)...
Greece
Venizelos Tells SYRIZA To Back Presidential Unity
In an indirect shot at the major opposition Coalition of the Radical Left (SYRIA), PASOK leader and Deputy Premier/Foreign Minister Evangelos Venizelos said Greece's political parties should not try to block the appointment of a President next year to...
Greece
Samaras Pledges Social Relief, Not More Austerity
Greek Prime Minister Antonis Samaras has repeated his pledge to never again impose austerity measures - although cuts are being made to pensions in some cases - and said instead he will move toward cutting taxes and providing relief for...
Economy
WSJ Says IMF Owes Greece An Apology
It's too late to help, but an apology is long overdue to Greece because of errors the International Monetary Fund made in miscalculating the effects of austerity demanded in return for bailouts and other mistakes the agency made, a...
Economy
Money For Military, Cops, Officers, Not Cleaning Ladies
Greece's highest court, which said firing cleaning ladies was in the national interest, is forwarding the government an order that it must restore the pay of police, the military and uniformed officers that was cut for the same reason.
Prime...
Greece
Samaras Refs Minister's Battle Over College Firings
Just after swearing in a new Cabinet, Prime Minister and New Democracy Conservative leader Antonis Samaras has had to step in between two of his ministers who are arguing over whether to rehire university staff fired as part of...
Economy
Reduction of Greek Houses Prices Second Worldwide
According to a survey published at the Global Housing Watch website, prices of Greek houses in the fourth quarter of 2013, have dropped by 7%, which is the second highest rate after India. The survey was based on IMF and...
Economy
Outgoing Bank Chief Says Greece Needs Growth Now
Departing Bank of Greece Governor Giorgos Provopoulos said that the only way out of a lingering economic crisis for Greece now is growth, not just the austerity measures the government imposed, and that he backed, during a lingering economic...
Economy
Tsipras Tells ECB's Draghi Greece Needs Debt Cut
The head of Greece's major opposition Coalition of the Radical Left (SYRIZA) party Alexis Tsipras told European Central Bank President Mario Draghi the country can't afford to pay back what it owes international lenders - including the bank.
Tsipras said...