Politics

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...

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'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...

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...

The President of the Hellenic Parliament, Mr. Philippos Petsalnikos, met with representatives from the Coordinating Committee of the Turkish occupied Karpass in Cyprus today. The delegation was accompanied by the Ambassador of the Republic of Cyprus to Athens, Mr....

The Greek government said it reached its target in the biggest sovereign restructuring in history, with a 95.7 percent participation rate among investors after it received approval to activate collective action clauses. Bondholders tendered 152 billion euros of Greek-law bonds,...

ATHENS – Austerity measures imposed by international lenders in return for bailouts to keep the country from defaulting are taking their toll on Greek workers, with 21 percent now out of work – and 51.5 percent of those under...

By Sevi Tsimaki It is well known that the collapse of Lehman Brothers caused financial turbulence and for many, this was the beginning of the global recession. There have been many associations between Lehman Brothers and Greece. Many journalists and...

German Finance Minister Wolfgang Schaeuble said on Wednesday that Greece's problems were of its own making and dismissed suggestions that Germany was being punitive towards a country that perhaps should not have joined the euro. Speaking at the European University...

The Greek government will announce early Friday the results of investors' participation in the country's ambitious debt restructuring plan, known as the Private Sector Involvement, or PSI, a person close to the finance ministry said Thursday. An announcement will be...

Papazisis Publications and the Greek Orthodox Community of Melbourne and Victoria are co-organizing the official presentation of the latest book of Dr Michális S. Michael, “Resolving the Cyprus Conflict: Negotiating History” (2009, Palgrave Macmillan) on Wednesday, March 28, at...

ATHENS – With Greece drowning in debt and most major tax evaders still on the loose – a $60 liability for the country – Bank of Greece Governor Giorgos Provopoulos has signed an act that will allow tax banks...

ATHENS – Greece will know by the end of March 8 if enough private investors have agreed to accept losses of 74 percent as part of a so-called Private Sector Involvement (PSI) deal designed to wipe out $13I) deal...

Greek Prime Minister Lucas Papademos appointed Tuesday a new head to the Development Ministry, in changes prompted by the recent resignation of a minister in charge of Greece's police who is now running for the leadership of the socialist...

ATHENS – Nine months after it was reported that Greece was paying pensions to 4,500 dead, it has been discovered the country – in the midst of a deep recession and economic crisis – is paying benefits as well...