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Politics

EU to Make Final Decision Next Week on Greek Bailout

Euro-zone ministers will have a follow up discussion next week to make a final decision on the second Greek bailout package, Finland and Germany's finance ministers said Thursday. German Finance Minister Wolfgang Schäuble said the teleconference to approve a second...

Greek Parliament Approves New Pension Cuts

  AMNA--Parliament ratified, late Tuesday night, a bill envisioning cuts in various primary and supplementary pensions, at the end of a relevant debate. Out of the 283 deputies, 202 voted in favour of the bill, 80 against and one deputy...

LAOS President Again Raises Nazi Reparations Issue in Greek Parliament

Popular Orthodox Rally (LA.O.S) president George Karatzaferis on Tuesday raised again the issue of the German war reparations claimed by Greece for atrocities committed by Nazi and occupation troops in WWII. In a current question to the prime minister tabled...

Eurozone Chief Wants EU Oversight of Greece

ATHENS – While Greece has passed more austerity measures to give guarantees for a second bailout of $172 billion to keep the country from defaulting, mistrust among leaders of the international lenders hasn’t abated, with Eurozone chief Jean-Claude Juncker...

Greek Parliament OK's More Wage, Pension Cuts

ATHENS – The Greek Parliament has ushered in a continuing age of austerity for recession-battered Greeks, approving a government package of more deep pay and pension cuts in order to guarantee another rescue package from international lenders to keep...

Greece's Tax Evaders Aren't Going to Jail Soon

ATHENS – A much-vaunted crackdown on tax evaders recently in which more than 100 were arrested has run into a common obstacle in the Greece justice system: court backlogs and bureaucratic delays have prevented prosecution with the prospect that...

Bakoyianni Says Her Husband Transferred 1M Euros to Buy Ship

ATHENS – With Greece abuzz about the identity of a Member of Parliament said to have transferred 1,000,000 euros ($1.34 million) abroad at a time when Greeks were being asked not to panic and keep their money in Greek...

Cabinet Cuts Minimum Wage as Austerity Drive Begins

Greek ministers agreed deep cuts to the minimum wage on Tuesday, slashing living standards for low-paid workers as Athens began implementing measures demanded by international lenders in return for a 130 billion euro rescue package. Cabinet approved the cuts, which...

Greek Companies Urge Europe: Give Greece a Chance

ATHENS – As Greece takes regular bashings in media around the world and is struggling to stay alive during an economic crisis and deep recession, more than 20 of the country’s biggest businesses have teamed up to take out...

Greek Parliament to Vote on Second Bailout

ATHENS - The German Bundestag has given its approval to a $172 billion second bailout of Greece as part of a deal worked out with international lenders after Chancellor Angela Merkel said it would be irresponsible for Europe to...

German Lawmakers Approve New Greek Bailout

The German parliament approved a second, euro130 billion ($173 billion) loan package for Greece on Monday after Chancellor Angela Merkel warned lawmakers that it would be irresponsible to abandon the country to bankruptcy. Although the motion was always expected to...

Christos Papoutsis Quits to Seek Socialist Party Leadership

The minister in charge of Greece's security services announced Monday his intention to resign from the government so he can run for the leadership of the country's socialist party. Christos Papoutsis, 59, a former European commissioner, said he submitted his...

Greece Nears Deal to End Siemens Scandal

ATHENS – After four years in delays and a scandal in which $1.8 billion in bribes was reportedly paid to top government officials to secure lucrative contracts, Greece is reportedly set to receive $269 million in cash and in-kind...

Merkel Faces Difficult Greek Vote in Parliament‎

The German parliament will almost certainly vote to endorse a new Greek bailout package on Monday, but Chancellor Angela Merkel may be forced to rely on opposition support to overcome a determined band of rebels in her coalition. At least...

Germans Oppose Greek Bailout: Poll

Germans overwhelmingly oppose further aid for Greece, according to an opinion poll released on Sunday, one day ahead of a vote in parliament on a new Greek bailout package where Chancellor Angela Merkel may be forced to rely on...