Politics

German Chancellor Angela Merkel talked with Greek Prime Minister Georges Papandreou Tuesday, his office announced, as the eurozone debt crisis threatened to claim its first bank victim. Papandreou's office said the call was made as "part of the frequent and...

Greece has enough money to pay all bondholders as well as pensions and salaries until mid-November, said Finance Minister and Deputy Prime Minister Evangelos Venizelos in a press conference. Greece had previously said it would start running out of money...

Dozens of members of ADEDY, the Greek trade union for public sector workers, have this morning occupied the Ministries of Agricultural Development, Trade and Finance, in protest against the temporary suspensions introduced by the Greek government to reduce by...

Eurozone finance ministers have delayed a decision on giving Greece its next instalment of bailout cash. It came after Greece said it would not meet this year's deficit cutting target, sending shares lower on Monday. A meeting set for 13 October,...

Financial Times Deutschland reported that Greek Prime Minister George Papandreou has been considering resignation from his current position as Greece's leader. The German newspaper claimed that sources from the Greek PM's environment gave them information over the past three weeks...

The Greek government presented its 2012 draft budget to Parliament today which includes the cutting of 30,000 civil service staff by the end of December. During a cabinet meeting yesterday, chaired by Greek Prime Minister George Papandreou, it was decided...

ATHENS – As renters are asking for and getting lower rents and home sales and values are plummeting because of Greece's economic crisis, the government will raise the appraised value of homes so that a new emergency property tax...

More bad news is brewing for Greek workers in a seemingly endless onslaught of pay cuts and tax hikes. In return for bailout loans keeping the country afloat, the Troika of the European Union[...]

The Government's plan to adopt mandatory pre-commitment systems for high intensity poker machines have attracted strong opposition from Andrew Demetriou, the Chief Executive of Australian Football League. The government aims to limit poker machines losses by problem gamblers, as part...

Minister for Local Government Jeanette Powell announced the establishment of the interim Local Government Ministerial-Mayors' Advisory Panel (MMAP) with the appointment of five mayors drawn from the five council groupings in Victoria. Among the MMAP members is Greek-origin Helen Patsikatheodorou,...

Over two thirds of Greeks (67.3%) believe that Greece will not manage to stave off insolvency. This was shown in a quick poll conducted yesterday evening by Kapa Research immediately after the announcement of the latest austerity measures by the...

ATHENS - Wracked by recession, Greece will not meet deficit targets imposed by international lenders as a condition of a $152 billion bailout designed to keep the country from going bankrupt, the Finance Ministry admitted.The deficit is expected to...

Greece’s Cabinet unanimously approved the government’s 2012 budget and plans to place 30,000 state workers in a labor reserve system, a government official said[...]

A top official from Chancellor Angela Merkel's Bavarian sister party called Sunday for debt-mired Greece to exit the eurozone, as Germany's leader fights to keep her government on message during the crisis. "I think it is a solution, if you...

Top officials from Greece's international creditors were meeting Saturday with Greek ministers to discuss a measure to shrink the swollen public sector by partially laying off civil servants. Finance Minister Evangelos Venizelos and Administrative Reform Minister Dimitris Reppas met auditors...