Xinhua: Ditching Greece From Euro Zone Not An Option

Kicking Greece out of the euro zone would be tantamount to giving up Europe΄s fight against the debt crisis, which is "not an option,"...

Greek Workers Threaten Action Strikes, Papandreou’s Security Bill In

ATHENS – As the Greek government readied more pay cuts and tax hikes for the country’s beleaguered workers, middle-class, poor and pensioners, the main...

Greek Crisis Threatens Eurozone Survival

ATHENS – As speculation intensified that Greece would default, the crisis that has gripped the country for 18 months, setting off protests and riots...

Greece΄s Recession To Enter Fourth Year-Finance Minister

Greece can expect a fourth year of recession, the country΄s finance minister said Thursday, even as he defended fresh austerity measures against criticism from...

Olli Rehn: “The Ball in Now in the Greek Court”

Greece’s latest package of austerity measures goes “a long way” toward meeting its 2011 deficit target, European Union Economic and Monetary Affairs Commissioner Olli...

Greece Stops Paying Bills

Strapped for cash and facing the prospect of being unable to pay workers without the next installment of rescue loans from international lenders, Greece...

IMF: Troika Would Not Have Returned Without Conditions

Troika would not have returned to Greece without the necessary conditions in place, a senior International Monetary Fund official said on Wednesday, according to...

Cheap Flights and Mideast Unrest Gives Greek Tourism Record Year

ATHENS – A year of economic unrest, protests, riots, taxi and port worker strikes shutting down transportation and blocking access to planes and ships...

Kilkis Loses 4 Million Euros Due to Market of Skopia

According to the Association of Kilkis, the loss of the economy of Kilkis amounts to 4 million Euros per month because the residents resort...

Germany’s EU Commissioner Wants Greek Administrators Replaced

As Greek officials admitted the nearly-broke country will be out of cash to pay its workers in mid-October without the next round of scheduled...

European Commission Task Force Arrives In Athens

A European Commission Task Force, headed by Horst Reichenbach, launches officially today initiatives to support Greece proceed with reforms. This Task Force is considered...

No More Doubts Over Greece’s Default

Greece is falling into a deeper dismay after more and more of its Eurozone partners are expressing their certainty over the former’s sovereign default. After...

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