EU: Expanding EFSF Won΄t Allow Greek Debt Restructuring

The expansion of the euro zone΄s sovereign debt fund won΄t allow a further restructuring of Greek debt, a European Commission spokesman said Monday. There are...

Salaries Fall 7.6% in Q1

Nominal Greek salaries fell 7.6% in the first quarter of 2011 - the first time in four years, according to data released by the...

IMF Chief Lagarde Says Patience Thin on Greece

As inspectors for international lenders returned to Athens to determine whether to release an $11 billion loan installment needed to keep the country from going bust, International Monetary Fund chief Christine Lagarde said investors are weary of helping Greece. “If the Greeks do not want our advice[...]

Second Greek Bailout May Be In Jeopardy

As the drumbeat of default expectation grows in Athens, Europe and the United States, German Finance Minister Minister Wolfgang Schaeuble, whose country is footing...

Venizelos Says Greece “Scapegoat” But Will Survive Crisis

With the economic world holding its breath over fears that Greece will default, Finance Minister Evangelos Venizelos told an international audience of bankers in Washington, D.C. that his country[...]

In Washington, Venizelos Tries to Convince Skeptical World

Even while Greek Finance Minister Evangelos Venizelos was busy in Washington trying to persuade everyone that Greece will not default, although it is drowning...

Greece Must Push Reforms or Face Dramatic Fallout:Provopoulos

George Provopoulos sad that Greece must implement the agreed reforms, or there will be dramatic consequences. In an interview with Sunday Real News the...

Merkel: Greek Exit from Euro Would Have Domino Effect

German Chancellor Angela German Chancellor Angela Merkel on Saturday defended her government's part in international efforts to save Greece, this time from default...

Schaeuble Says Greek Rescue Will Take a Decade

Wolfgang Schaeuble (CDU) said that the Greek rescue is a job that will take a decade to complete. In an interview with weekly business...

Bad News for Banks: Greece May Not Pay Them

As Greece daily steps closer to defaulting on its loans, Finance Minister Evangelos Venizelos has[...]

ASE Ended Below 800 Units

The General Index of ASE ended below 800 units for the first time since April 1995, forced by the severe pressures triggered by political...

Finance Minister Dismisses Discussions, Rumours That Distract Attention

Greece will do everything in its power in order to implement fully and on time all EU decisions of July 21. When asked to comment...

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