Politics
Economy
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...
Greece
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...
Economy
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...
Economy
German Tax Officials Ready to Help Greece
More than 160 German tax collectors have volunteered for possible assignments in Greece to help the struggling Mediterranean country gather tax more efficiently, the Finance Ministry in Berlin said on Saturday.
The offer risks fuelling resentment among Greeks who have...
Economy
Greece Wants Libyan Oil to Fill Iran Gap
ATHENS – Already deep in the throes of an economic crisis, Greece is moving quickly to fend off shortages of oil that will be created by an embargo from Iran on European countries by trying to get more capacity...
Economy
Eurozone Chief Says Greece May Need Third Bailout
ATHENS - With the ink still not dry on a second bailout for Greece - this one for $172 billion to go along with a first ongoing series of $152 billion in rescue loans to keep the country from...
Economy
Greece Will Pile On More Taxes in June
ATHENS – Already under an avalanche of tax hikes - including a doubling of income and property taxes – beleaguered Greeks will be hit with a new round of increases in June when the government will pile on more...
Economy
Troika Warns Greece: Comply or No More Aid
ATHENS – Despite a second bailout and a pending deal with investors to write down as much as $134 billion in debt, Greece will not be eligible for continued foreign aid if it does not comply with demands to...
Economy
Germany’s Friedrich Urges Greek Exit From Euro
German Interior Minister Hans-Peter Friedrich said Greece would have better chances of overhauling its economy and restoring growth if it left the euro area, Der Spiegel said, citing an interview.
Friedrich, a member of the Bavaria-based Christian Social Union that’s...
Economy
Greece Moves to Make Investors Take Big Losses
ATHENS – Saved again by international lenders who agreed to a second bailout package, Greece has now told private investors it will pay most of them back only about 25 percent of what they are owed. Greece on Friday launched...
Economy
Cabinet Approves Debt Restructuring Plan
Greece's cabinet on Friday approved details of a EUR100 billion debt write-down for the country that is part and parcel of a fresh multi-billion euro rescue plan Greece is seeking from its international creditors.
After meeting for a little over...
Economy
Greece Approves Deal to Wipe Out $142 Billion in Debt
ATHENS – Even as Greek banks chase are set to be bailed out with $47 billion in government funds as part of a second rescue deal with international lenders to save the country from bankruptcy, the Greek Parliament has...
Economy
Greek MP Deposited 1 Million Euros Abroad; Name Undetermined Yet
The president of the Authority for Money Laundering, Panagiotis Nikoloudis, leveled the grave accusation that a Greek MP deposited 1 million euros abroad during May of 2011, according to protothema.gr.
Speaking to the parliamentary Committee for Institutions and Transparency, Nikoloudis said:...
Greece
President Papoulias Receives Former French Minister Jack Lang
President of the Greek Republic, Karolos Papoulias, received on Thursday the former French Minister of Culture and Education, Jack Lang, at the Presidential Megaron in Athens.
The two men discussed their ideas for an hour, while they made special reference...
Economy
Lawmakers Approve Committee To Examine Statistics Office
Greek lawmakers approved Thursday a proposal to set up an examining committee to assess whether the country's statistics service used methods that exaggerated the country's debt woes to justify the bloc's demands for austerity measures.
The proposal was approved by...