Merkel Says Greek Bailout Terms May be Changed

German Chancellor Angela Merkel hinted that the second Greek bailout package might have to be renegotiated amid increasing market speculation Wednesday that European leaders...

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...

Greece Posts Budget Surplus of Over €2.7B

Greece's state budget showed a primary surplus of over €2.7 billion ($3.4 billion) in the January-February period, the country's finance ministry said on Wednesday. This...

ESM Head Assures Greece of Financial Support, Provided Obligations are Met

The European Stability Mechanism will continue to support Greece as long as the country fulfills its obligations, said the president of European Union's rescue...

Carlsberg Takes Over Greece’s Olympic Brewery

Denmarks' Carlsberg is about to become the number two beer company in Greece after an agreement to acquire Olympic Brewery, according to Reuters. The Chairman...

Lacklustre privatization plan announced by government

The government has announced a privatization plan lacking in ambition, signalling its intent to avoid structural change. This will hamper the supply side of...

Budget: Greece Gets Ready For More Austerity in 2011

Greek government Thursday tabled in the nation’s parliament its 2011 Budget that “continues agressive fiscal consolidation effort,” the Ministry of Finance said. The aim is...

Calantzopoulos Named Philip Morris CEO

André Calantzopoulos, 55, will take over the leadership of the international tobacco company Philip Morris on May 8 following his appointment on March 18...

Greeks Demonstrate They Want to Stay in Eurozone

Under the slogan "We Stay in Europe", about 5,000 people demonstrated on Thursday in favor of the euro currency and Greece's stay in the...

Pop Goes Out of Greek Coke Sales

Greece’s biggest company, Coca-Cola Hellenic – planning to move its headquarters to Switzerland – showed a 12 percent drop in profits in the country...

Aegean Closes $94 Million Deal to Buy Olympic

Aegean Airlines and Marfin Investment Group (MIG) have agreed on the sale of 100% of Olympic Air to its rival, which will give them...

Economist: Ancient Greeks Knew How to Raise GDP

Ancient Greeks had an understanding of the concept of capitalism and knew about economic growth, profit and gross domestic product maximization, according to an...

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