Politics
Greece
Athens Mayor Proposes Demonstrations to Be Taking Place on Sidewalks
A bill with which he seeks to put an end to chemical use throughout demonstrations in big Greek city streets, and therefore bring a little more peace upon them, was presented on Monday by Mr. George Kaminis, Mayor of...
Greece
Socialists See Rise In Poll After Leadership Change
Support for Greece's Socialists has picked up under the party's new leader, according to poll results published Sunday, which shows a dip in support for its key conservative rivals.
The poll, published in newspaper Kathimerini, showed that the Socialists, also...
Greece
Geroulanos Warns of Neo-Nazi Political Threat
On Friday, Greek Culture Minister Pavlos Geroulanos warned that neo-Nazi group Chryssi Avghi (Golden Dawn) could enter parliament after May elections.
He stressed that the main reason was voters' “anger” over the debt-stricken country's economic and social hardships, AFP has...
Economy
New Democracy, PASOK Duel over Helping Greeks Pay Loans
ATHENS – With international lenders ready to fork over another $172 billion in rescue loans, the pressure is off Greece’s hybrid government for now and the PASOK Socialists and their bitter rival New Democracy Conservatives sharing power for now...
Economy
Merkel: Greece on Track to Weather Debt Crisis
Greece has a chance to weather its crisis after the eurozone and private creditors agreed to restructure its debt, but has “a long way to go,” German Chancellor Angela Merkel told a Czech daily Saturday.
“Greece has a chance now...
Economy
Papademos Says Greece Must Cut Another $16 Billion
ATHENS – After repeatedly promising Greeks that they would face no more spending cuts, interim Prime Minister Lucas Papademos said on March 30 that the country needs to find another $16 billion in savings by 2014 to meet harsh...
Economy
Papademos Doesn't Exclude Need For More Aid
Greek Prime Minister Lucas Papademos says the country might need more financial aid but will work hard to avoid having to request it, according to an Italian newspaper Friday.
"Greece will do everything possible so that there is no need...
Economy
Warnings that Greece May Have to Restructure Again
Despite two bailouts totaling $325 billion, a $134 billion write-down in debt, crushing pay cuts, tax hikes, slashed pensions, the coming firing of 150,000 workers, reducing the minimum wage 22-32 percent, phasing out collective bargaining rights for workers and...
Greece
Communist Party Member John Mpanias Passed Away
John Mpanias, a former deputy of the Greek political party "SYRIZA" and a distinguished member of the Greek Communist and Consevationist Party, has passed away this morning. He had been hospitalized for the last few weeks, suffering from a serious disease.
He was born...
Economy
Greek PM Tells Ministers: Stop Campaigning, Start Working
ATHENS – With elections looming on May 6, interim Prime Minister Lucas Papademos’ shaky hybrid government of PASOK Socialists and their bitter rival New Democracy Conservatives, who are jockeying for positions, is beginning to break down into petty squabbling,...
Economy
Bloomberg: Greeks Embrace Potato as Symbol of Struggle to Survive Austerity
The potato, introduced to Greeks after independence in the 19th century to bolster the diets of the poor, is turning into a symbol of their latest struggle, Bloomberg reported.
Farmers are mobilizing to sell their produce directly to austerity-hit citizens,...
Economy
Greeks Giving Up on Cities, Heading Back to Villages
ATHENS – Worn out by a drawn-out economic crisis that has cut deeply into the standard of living of many working class Greeks, more than 1.5 million of the country’s population of 11 million people are thinking about leaving...
Greece
Greek Election Gridlock Risks Derailing Rescue Plan
Greek voters are unlikely to give any party a workable majority in elections as soon as next month, jeopardizing austerity policies on which bailout funds depend.
According to Bloomberg Opinion, surveys show as many as eight parties may win seats...
Economy
Speculators Made $2.89 Billion Betting Against Greece
ATHENS – A deal forcing investors to take huge losses on Greek bonds – including small bondholders who were supposed to be exempted – wrote down the country’s debt by $134 billion but also triggered payments of some $2.89...
Economy
Sombre Warnings From Greek Troika
Top representatives of the Greek "Troika" stoutly defended the focus of the Greek bailout programme on Tuesday and insisted that Greece must raise its game on economic reforms, political unity and tackling vested interests, or risk failure. MEPs advocated...