Troika
Economy
Eurozone Chief Juncker SnubsTsipras
Jean-Claude Juncker, the Luxembourg Prime Minister who also heads the Eurozone of the 17 countries using the euro as a currency will not meet with Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras, the main opposition group...
Economy
SYRIZA Says Samaras Submissive to Merkel, Troika
After maintaining a curiously low profile while the uneasy coalition government led by New Democracy Conservative leader and Prime Minister Antonis Samaras readies another $14.16 billion in cuts demanded by international lenders – aimed squarely at workers, pensioners and...
Economy
Greek Workers, Pensioners, Poor Face a Buzz Cut
The uneasy coalition government of Prime Minister Antonis Samaras will hit workers, pensioners and the poor for a big chunk of the $14.16 billion in cuts demanded by international lenders in return for rescue loans, Greek media reports said....
Greece
Nyuk, Nyuk, The Greeks Deserve What They Got
Born liar Evangelos Venizelos, the new non-leader of the PASOK Anti-Socialists, and Democratic Left leader “Uncle” Fotis Kouvelis, who is still learning the game of political prevarication, both recently swore, vow, pledged, promised, wrote in stone, dipped their fingers...
Economy
Greece Said to Need Another $3 Billion in Cuts
Even as the shaky coalition government led by Prime Minister Antonis Samaras is having trouble finalizing some 11.5 billion euros, or $14.16 billion in cuts demanded by international lenders in return for rescue loans, another $3 billion in savings...
Economy
Greece Says Bailout Break Would Help Economic Recovery
Hoping to press the case that Greece needs more time to hit fiscal targets demanded by international lenders, a report from the country’s Finance Ministry said that a possible recovery could be spurred by allowing two more years for...
Economy
Finland Sees Greek Eurozone Exit, Preparing for Breakup
With more signs showing that Greece is heading toward an exit from the Eurozone of the 17 countries using the euro as a currency, Finland says it’s preparing for the worst and putting together an operational contingency plan if...
Economy
Despite Austerity, Greek Debt Rises to $374 Billion
ATHENS - Despite two years of punishing pay cuts, tax hikes and slashed pensions – and with more looming – Greece’s staggering debt has risen to $373.95 billion, up $28.58 billion since March 31, with no signs it’s going...
Economy
Samaras Readies to Visit Merkel, Hollande to Make Greece's Case
Greek Prime Minister Antonis Samaras, struggling to get a consensus in his shaky coalition government for another $14.16 billion in cuts and austerity measures he’d vowed to avoid, will take his case to German Chancellor Angela Merkel in Berlin...
Economy
Greek, American Researchers: Tax Evaders Cost Greece Billions
Leaving their country to struggle through recession and austerity measures, tax cheats have robbed Greece of some 11.2 billion euros, ($13.76 billion) that could be collected, according to Greek and American researchers. Rather than looking at tax records to...