Stournaras

International lenders are not relenting on demands that the Greek government push ahead with combined package of $17.45 billion in spending cuts and tax hikes, leading to further delays before it can be sent to Parliament and open the...

With a report showing Greece will suffer a sixth year of recession in 2013 because of harsh austerity measures, envoys from the Troika of international lenders putting up $325 billion in rescue monies reportedly rejected two billion euros ($2.58...

While details of a 13.5 billion euros ($17.34 billion) plan to cut spending and raise revenues haven’t yet been made available to the public, the package is reportedly in the hands of envoys from international lenders who have to...

Greece’s uneasy coalition government has nearly reached agreement on all the measures in a $14.6 billion spending cut plan, one of its members said, without revealing what they were. Emerging from a meeting with Prime Minister and New Democracy Conservative...

Greek Prime Minister Antonis Samaras’ uneasy coalition government, poised to make another $14.6 billion in pay cuts, tax hikes and slashed pensions on workers, the elderly and poor, faces its first test this week with a series of work...

Frustrated by relentless demands from international lenders that Greece make even deeper pay cuts, tax hikes and slashed pensions, Finance Minister Yiannis Stournaras threatened to resign during an intense meeting, the New York Times reported. Prime Minister Antonis Samaras, under...

To avoid upsetting world markets as U.S. President Barack Obama seeks re-election, Greece’s international lenders may delay a crucial report on additional funding until after Americans go to the polls on Nov. 6, the news agency Reuters reported, although...

Lost off the radar screen as Greece sinks toward economic oblivion because of generations of greed, corruption, mismanagement, tax evasion, incompetence, inefficiency and a bloated public sector full of so much deadwood you could feed every fireplace in Europe...

Greek Prime Minister Antonis Samaras’ failure to convince his reluctant coalition partners to accept all the harsh measures in a $14.6 billion spending cut plan demanded by international lenders means the government will not be able to present a...

With pessimism and gloom settling over Greece with another pending $14.6 billion in government spending cuts and more austerity measures looming, Finance Minister Yiannis Stournas said he believes that the country will survive and its economy come back. Speaking to...