Olli Rehn: Will Not Allow Greek Default, Euro Zone Exit

The European Union will support Greece, but the debt-stricken country needs to do more to implement the promises it has made, the EU commissioner...

New Property Tax Will Continue To Apply After 2012

Greece΄s Finance Minister Evangelos Venizelos confirmed that new property tax will apply after 2012, as the government looks for ways to support revenues in...

Government Announces New Austerity Measures‎

Government will cut pensions, extend a property tax hike and put tens of thousands of public workers on notice as part of a deal...

Statistician Says Greece Played Numbers Game, Inflated Deficit

ATHENS – Charges by a former board member of the Hellenic Statistical Authority (ELSTAT) that the government deliberately inflated the size of the 2009...

Greek Parliament Approves EFSF In Preliminary Vote

Greece΄s parliament approved legislation implementing Europe΄s enhanced temporary bailout fund in a preliminary vote Wednesday. The legislation was approved in principle by a vote of...

Greek Merchant Marine Fleet Down

Greece's merchant marine fleet fell by 3.7% in July this year, compared with the corresponding month in 2010, after an increase of 0.3% recorded...

Finance Minister: Greece Faces Risk Of Economic Collapse

Finance Minister Evangelos Venizelos warned Greeks Wednesday that the country runs the risk of economic collapse if it doesn΄t make progress on its deficit-cutting...

IMF Sees Greek Debt hitting 189% of GDP Next Year

Greece's debt will surge to 189.1 percent of gross domestic product next year, the International Monetary Fund said Tuesday, far higher than its June...

Troika Back in Athens Next Week

The teleconference between Evangelos Venizelos and troika officials came to end around 11 o'clock[...]

250 Million Euros Reduction in Funding for Ministry of Health

Before the teleconference with Troika, the Economic Body decided to reduce the funding of the Ministry of Health by €250 million. According to the 24h.gr...

Troika Says Reduce Public Sector or Go Bankrupt

 Greece's creditors have firmly asked the government to lay off 100,000 civil servants by 2015, with 50,000 to be shifted to «εφεδρεία» (a special...

Finance Ministry to Tax Foreign Deposits

The Finance Ministry is planning to “trap” all those who opened foreign deposit accounts exceeding the amount of 100.000 Euros within a single year...

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