Politics

Prime Minister George Papandreou on Sunday stepped into a crunch EU debt crisis summit urging Europe to "act decisively and effectively" to contain troubles threatening the continent and beyond. "It's been proven now that the crisis is not a Greek...

There’s something noticeably ironic about the fact that the current European crisis began in Greece[...]

BRUSSELS - Officials of the Eurozone, the 17 countries who use the euro as a currency, have confirmed that banks and investors in Greece will lost at least half their money even as speculation built they could lose everything. Eurogroup...

Mike Rann retired as Premier of South Australia after 9 1/2 years yesterday. He was the last of the Labor premiers to sit around the Council of Australian Governments table with prime minister John Howard, who faced wall-to-wall labor...

According to the German daily newspaper Die Welt, the German government has not ruled out the possibility of postponing the EU summit planned for this Sunday. The summit had already been postponed from 17 October, while the EU, IMF and ECB...

The first batch dreaded new “emergency” property tax statements being put into electric bills under the threat of having power turned off – or even garnishing wages and seizing properties for non-payment – has been sent off to Greeks...

After weeks of worry, Greek officials were told Oct. 21 that a critical $11 billion loan installment as part of a $152 bailout to keep the country from going bankrupt[...]

President Demetris Christofias and Turkish Cypriot leader Dervis Eroglu meet Friday in the context of the ongoing UN-led peace talks, for a solution to the Cyprus problem. This is the last meeting between the two community leaders before next week’s...

Chief Appeals Court Prosecutor Spyros Mouzakitis has launched an investigation into the circumstances surrounding the recent resignation of Diomidis Spinellis, the General Secretary of Information Systems at the Finance Ministry, who was said to have quit because fines imposed...

The Greek parliament has given its final approval to the latest package of austerity measures. The new measures include pay and staff cuts in the civil service as well as pension cuts and tax hikes for all Greeks. Former Labour Minister...

As the second day of a general strike paralyzed the country, more than 70,000 peaceful[...]

While Greece's historical tendency to high-indebtedness is notorious, with its first recorded default in the fourth century BC and more in the late 19th and early 20th century, it is less well known that Germans have come to Athens'...

As Greek political leaders continue to insist the country will not default on its loans and will return to profitability by the end of next year, a Bank of America Merrill Lynch survey of global fund managers indicates that...

Antonis Samaras, the leader of Nea Dimocratia (ND), Greece's main centre-right opposition party, declined an invitation from socialist Premier George Papandreou to attend the European summit in Brussels on Sunday with him. During a phone call this morning between the...

Tens of thousands of people have gathered over the past few hours in Athens' squares and those of other large Greek cities such as Thessaloniki, Patras and Heraklion (on the island of Crete) to take[...]