Politics
Greece
Elections And New Measures Cause Government Turbulence
Greek government’s tenure is determined by the work to be done, said spokesman for Greek PM Lucas Papademos, in an attempt to deal with the ministerial paralysis due to an unofficial pre-election period.
Infrastructure Minister Makis Voridis, a LAOS MP,...
Greece
Former General Secretary of Greek Finance Ministry Says Entrenchment Cases Give Boost to Tax Evasion
The former General Secretary of Information Systems of the Greek Finance Ministry, Diomidis Spinellis talked about corruption in Greece and the '4-4-2 system' (or 40%-40%-20%) that is a common secret in the field of tax evasion in Greece.
According to...
Economy
Greece: The Incredible Shrinking Country
ATHENS – Even as interim Prime Minister Lucas Papademos, who is leading a temporary coalition government, insisted that he’s on track to keep international aid coming and eventually right the technically-bankrupt country, statistics show the economy is contracting worse...
Economy
IMF Says Greeks Taxed-Out; 150,000 Will Lose Their Jobs
ATHENS – Buried under waves of austerity measures, beleaguered Greeks shouldn't have to suffer any more tax hikes, one of its principal international lenders, the International Monetary Fund, said, but the government is still proceeding with plans to reduce...
Greece
Politicians Revive Elections Talk
Just seven days after the enactment of the new budget plan, PM Lucas Papademos plans to convene a cabinet meeting in order to speed up implementation of government’s work.
This development confirms assessments that the government has sunk into inaction...
Greece
Anna Diamantopoulou Says Papademos Government Must Be Given Time
Greek Prime Minister Lucas Papademos must be able to reshuffle his Cabinet and be given time to implement budget cuts to avert an economic collapse, Education Minister Anna Diamantopoulou said.
“The prime minister must have the option of a reshuffle,...
Cyprus
President of Cyprus Says Meeting with Eroglu a Failure
Cyprus has been divided since 1974 when Turkey invaded and occupied its northern third. The leaders of the two communities in Cyprus are currently engaged in UN-led negotiations with an aim to reunify the island.
President of the Republic of...
Economy
Troika’s Next Target: Cut Private Sector Salaries
Even as Greece’s public workers continue to struggle under waves of pay cuts, tax hikes, slashed[...]
Economy
More Greeks Killing Themselves: Europe’s Fastest Increase
Four years of recession and more than 18 months of pay cuts, tax hikes, slashed pensions and coming layoffs by the thousands are taking their toll in a deadly way as the rate of increase in suicides[..]
Cyprus
Christofias: Cyprus EU Presidency will be European and Objective
The Republic of Cyprus will hold a European and objective presidency of the Council of the EU in the second half of 2012, President of Cyprus Demetris Christofias has stressed.
In his intervention at the European Council which wrapped up...
Economy
Europe Changes the Money Rules, Greece Still at Risk
European leaders have agreed to set tighter rules over spending and deficits and will pump an additional $268 billion into a new reserve structure to help ailing countries, but[...]
Greece
Reuters Report "Curtain Falling on Greece's Ruling Dynasts"
According to Reuters’ report “Curtain Falling on Greece’s Ruling Dynasts”, the end for the ruling political families in Greece is very near.
The report is explaining all the reasons why the political situation in Greece is bound to change but...
Greece
Papademos Probably Right for Greece
Based on a new opinion poll by Kapa Research, which was made on behalf of the newspaper in Greece “To Vima” about what the people of Greece think of their new Prime Minister, Loukas Papademos, 72.9% of the Greek public...
Greece
Epikaira Magazine Presents New Book "Karamanlis-Off the Record"
Epikaira Magazine featured on Thursday several chapters with unknown information and data concerning the Karamanlis government and the former Greek PM's policy lines and life throughout the years he had served as Greece's PM.
All missing links are included in...
Greece
OECD Report Questions Greece's Ability to Reform
The need for deep structural reforms in Greece is well-known. But a new OECD report indicates that Athens may be incapable of such far-reaching changes. Ministries don't communicate, officials don't keep records and oversight is virtually nonexistent. The only...