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Politics

Greek MP Announces New Political Party

Independent MP Panos Kammenos, a former member of New Democracy, presented the founding declaration of his new party "Independent Greeks" on Sunday, from the symbolic location of Distomo, the tragic scene of Nazi atrocities during WWII. A key element of...

German Language Course Launched in Greek Elementary Schools and Restored in Lyceums

Starting from the new academic year in September 2012, pupils of elementary schools will be able to choose between French and German for their second foreign language course. German language courses will also be re-introduced in the first grade of...

New Greek Migrants Are Welcome to Visit Australia

The state and federal government of Victoria is encouraging Greeks who are suffering under the burdens of the debt crisis plaguing their country, to migrate to Australia in search of a new job and better life prospects, according to...

Markoullis Protests Violation of Religious Rights in Occupied Cyprus

Foreign Minister Erato Kozakou Markoullis has protested the continuous violation of the rights of Greek Cypriots, enclaved in the island’s northern Turkish occupied areas. Addressing an informal meeting of her EU counterparts, she said that since the 1974 Turkish invasion...

Samaras Tells Greeks: Give Me a Majority, No Coalition

ATHENS - New Democracy Conservative leader Antonis Samaras, confident his party will prevail in upcoming elections, has urged Greeks to give him a mandate so that he doesn’t have to form a coalition government with his bitter rival PASOK...

Venizelos Will Run Unopposed for the Leadership of the Socialists

Greek Finance Minister Evangelos Venizelos will run unopposed for the leadership of the Socialists, party officials said on Sunday, as the political focus shifts towards a parliamentary election now that Athens has secured a bond swap deal. Venizelos, 55, won...

Schaeuble: Notion Germany Trying to Control Europe 'Stupid'

The notion that Germany is seeking to "occupy" Greece or control Europe through its economic might is "stupid", German Finance Minister Wolfgang Schaeuble told a Greek daily on Sunday. Schaeuble added that Berlin is "ready to do whatever is asked"...

Venizelos Says His Pasok Party to Defy Slump in Polls

Greek Finance Minister Evangelos Venizelos said his socialist Pasok party, which is preparing to elect a new leader March 18, will defy polls showing a slump in support. “Our goal is victory, Pasok as the first party, upsetting the polls,”...

Socialist Leader George Papandreou Steps Down as Snap Election Looms

Greek socialist leader George Papandreou on Saturday formally stepped down to enable his struggling party to elect a successor in time for a snap election expected next month. "The time has come for me to wage my battles from other...

Papademos Urges Greece: Don't Waste This Chance

ATHENS – With the biggest restructuring of public debt ever agreed upon, writing off $134 billion in Greece’s debt but at the cost of a technical default, interim Prime Minister Lucas Papademos said he doesn’t want Greece to return...

Fitch's Downgrades Greece to "Restricted Default" After Bond Swap

ATHENS – The deal in which Greece forced investors to take 74 percent losses so that the country could write down $134 billion in debt came with a price: being declared unsafe for creditors. The Fitch ratings agency downgraded...

Siemens Makes Deal with Greece to Settle Bribery Cases

ATHENS – After long delays, Greece has reached an out-of-court settlement with German engineering firm Siemens, which was charged with bribing politicians in return for lucrative government contracts. Siemens, which reportedly was overpaid $2.6 billion, has agreed not to...

International News Media Report on New Greek Haircut

The new haircut on Greek bonds decided on Friday morning by the Greek Parliament has centered the attention of international media across the world. In their breaking news reports, BBC, CNN, CNBC and Reuters welcomed the new bond swap...

Germany Welcomes Greek Debt Swap

Germany's finance ministry on Friday welcomed Greece's debt swap with private creditors calling it a "big step" towards stabilizing the country. A spokesman also said Greece had been handed a "historic chance" after 83.5 percent of its private creditors tendered...

IIF: Bond Swap Marks Important Step To Resolving Greek Crisis

The Institute of International Finance, a lobby group for the world's largest banks, welcomed the results of the Greek debt swap on Friday, saying it will help stabilize the euro-zone economy and allow Greece time to implement reforms and...