Politics

Finance Minister Evangelos Venizelos said the government was prepared for tough negotiations with its European partners. “Saving Greece means saving Europe,” Venizelos told President Karolos Papoulias in a meeting in Athens today. There is great uncertainty in Europe and the...

With efforts to turn around the uneven economic situation in Greece continuing with the gathering of taxes, the country's Finance Minister, Evangelos Venizelos, is pursuing his struggle against tax evaders. Venizelos announced in Parliament that three lists carrying the names...

Main opposition New Democracy (ND) leader Antonis Samaras and Prime Minister George Papandreou will meet on Tuesday at 10 a.m. at the premier's Maximos Mansion office. George Papandreou underlined that there is a need of hard work in order to...

This week will be the most difficult one for the government of Papandreou with strikes and demonstrations across Greece. The so-called multi-bill will in fact be put to the vote in the Greek Parliament on Thursday, at the height...

The eurozone faces its "most critical week" as leaders battle to reach a lasting solution to the debt crisis that has shaken the European currency, Greek Prime Minister George Papandreou said today. The EU is under huge pressure to present...

The European Union should declare Greece’s bankruptcy official, according to Zoran Stavreski, Skopje's Finance Minister and Deputy Prime Minister. Skopje and Greece share borders, currently effectively closed because of a strike by Greek customs officers who have joined in protests...

The head of Germany's biggest bank, Deutsche Bank, is conducting talks over a 50-percent write-down of Greek debt in his capacity as chairman of the global banking lobby, a newspaper reported Sunday. Citing both government and banking sources, the mass...

ATHENS - As growing numbers of public workers join the ranks of strikers protesting pay cuts,  tax hikes, and the layoff of 30,000 workers Finance Minister Evangelos Venizelos blistered them for their actions and said the city was under...

State schools closed, hospitals running only on emergency staff, trash piling up, trains halted, metro and cabbies on strike, tax offices closed, customs officers walking out of their jobs, airlines grounded[...]

ATHENS - With rubbish piling up and even blocking some streets after two weeks of a strike by rubbish collectors, public health authorities said the government might bring in private companies to pick it up, signaling what could be...

French Finance Minister Francois Baroin said Saturday that euro zone leaders will announce the extent to which private sector creditors will write down their Greek bonds at a summit in Brussels slated for next Sunday. Baroin said that significant progress...

In an interview with the weekly Proto Thema newspaper, Papandreou said the government was fighting to stop Greece defaulting on its debts but the road ahead was hard. "I would very much like to guarantee everyone an immediate solution, a...

German Finance Minister Wolfgang Schaeuble said Saturday that euro-zone members were confident of resolving Greece's debt woes. He also said G-20 finance ministers and central bank governors meeting in Paris acknowledged the efforts made by the euro zone to contain...

Russian President Dmitry Medvedev will visit Greece, which is looking for support in the International Monetary Fund for its efforts to pull through the financial crisis, Finance Minister Evangelos Venizelos stated on Friday. "We want Russia's support, as we want...

US-based Noble Energy has discovered  gas in Block 12 of Cyprus’ Exclusive Economic Zone (EEZ).  The reserve is thought to be 30-40% higher than estimated, according to a report by the Philelftheros newspaper. Microscopic bubbles of gas are already coming...