Troika
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
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
Troika Not Discussing Greek Haircut
Greece's international lenders are not currently discussing the possibility of another debt restructuring, or "haircut", for the country, the coordinator for the euro zone's finance ministers said today. The ministers will hold a conference call on Wednesday to discuss...
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...
Economy
Samaras Says Deal With Troika Done
Greek Prime Minister Antonis Samaras said on Oct. 30 that his administration has concluded negotiations with international lenders on a $17.45 billion spending cut and tax hike plan that would go to Parliament almost immediately, although one of his...
Economy
Vaxevanis Says Greece Hiding Tax Evasion
A Greek journalist who was arrested for exposing the names of 2,059 people with $1.95 billion in deposits in a Swiss bank said the government moved swiftly to silence him because it is trying to cover up for rampant...
Economy
Troika Wants Greek Debt Restructuring
Greece would be allowed to impose losses on its public investors the same way it did to private investors in a desperate bid to write down debt, officials from the Troika of the European Union-International Monetary Fund-European Central Bank...
Economy
Stournaras Says EU/IMF Lenders Refuse to Concede on Reforms
Greece's foreign lenders have refused to make any further concessions on changes to labour laws contested by a junior coalition partner, the country's finance minister said on Sunday, prolonging an impasse on a crucial austerity package.
Athens has been locked...