Greek Crisis

From the first Greek bailout until the upcoming EU summit, there were some important touchpoints for the protracted governmental debt crisis in Europe's 17-nation euro currency bloc. We have summarized them below: February 2, 2010: Greek Prime Minister George Papandreou proposes new...

Greek ministers of the government under former Socialist Prime Minister Giorgos Papandreou, who the Troika have accused of bearing the blame for the failure of the Memorandum of Understanding in Greece since (as the weekly magazine To Vima recently...

BBC Panorama is presenting yet another documentary feature on Greece and the ongoing crisis on July 4th. Entitled “Life and Debt: A Greek Tragedy” the documentary will be broadcasted on BBC 1. British reporter John Humphrys, who has developed over...

Greek Prime Minister Antonis Samaras has accepted the resignation of Deputy Merchant Marine Minister Giorgos Vernikos, the prime minister's office said Tuesday. The recently appointed deputy minister stepped down over an alleged conflict of interest stemming from his involvement in...

The General Index of Athens Stock Exchange lost 7% on Monday. The banking index dropped the most, while PPC, Alpha Bank, Eurobank and OTE lost more than 14%. Yet again, traders are focusing on Spain after newspaper Expansion reports that...

Nobel Prize-winning Princeton economics professor, New York Times columnist, and US economist Paul Krugman says, “Forget about Greece, which is pretty much a lost cause; Spain is where the fate of Europe will be decided.” Referring to the example of...

Billionaire investor George Soros called on Europe to start a fund to buy Italian and Spanish bonds, warning that a failure by leaders meeting this week to produce drastic measures could spell the demise of the currency. Policy makers should...

Greece’s new coalition government says the country’s president will lead its delegation to a European Union summit this week in place of the prime minister, who is recovering from eye surgery. Earlier, the government had said Foreign Minister Dimitris Avramopoulos...

Greece breached the rules of its EU-IMF loan agreement by taking on some 70,000 public sector staff in two years, undermining efforts to reduce the state payroll, a report said on Sunday. To Vima weekly said the hirings in 2010...

Greece’s international ­lenders called off a mission to Athens on Sunday, only hours before they were due to arrive – because the new prime minister and finance minister were both still in hospital. The delay highlights the paralysis of Greece’s...