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Cutting Greek Debt Must be Voluntary: Greek Official

Any solution for further reducing Greece's debt burden must be voluntary, a Greek government official said on Sunday following a meeting of EU leaders...

Europe Must ‘Act Decisively’, Says Papandreou

Prime Minister George Papandreou on Sunday stepped into a crunch EU debt crisis summit urging Europe to "act decisively and effectively" to contain troubles...

Troika Shocking Report on Greek Debt: Full Text

The European Commission, European Central Bank and International Monetary Fund have reported on the sustainability of Greece's debt. Read the text of the report below: Greece:...

Die Welt: Sunday EU Summit Could Still be Postponed

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...

Greece Needs 50 pct Haircut for Debt to Fall to 120 pct by End-2020...

Greek debt can be brought down to near 120 percent of gross domestic product by the end of 2020 if private investors forgive 50...

Troika Says Greek Debt Not Sustainable‎

A massive restructuring of Greek debt, that will mean a deeper cut for private-sector investors, looks a lot more likely after the so-called troika...

Despite Debt Crisis Greece Excels in Art

While Greece is further reaching a financial dead end, its art is steadily gaining ground, points out an extensive New York Times article on...

Trichet: If Greece Defaults, ECB will Not Accept Government Bonds

During his interview with the Financial Times yesterday, the departing Head of the ECB Jean Claude Trichet made clear that if Greece is pushed...

Telephone Conversation Between Papandreou and Barosso

PM George Papandreou contacted the President of the European Commission Jose Manuel Barosso via telephone earlier in the afternoon to inform him of the...

EU Mulls 60-per-cent Greek Debt Cut as Merkel, Sarkozy Meet

Eurozone members were considering a possible Greek debt write-down of up to 60 per cent, German negotiators told dpa on Sunday, hours before German...

Belgian Finance Minister Says Must Help Greece to Avoid Contagion

Greece must be helped to avoid financial contagion on the scale of the Lehman Brothers meltdown in 2008, Belgian Finance Minister Didier Reynders told...

Merkel Talks to Greek Prime Minister

German Chancellor Angela Merkel talked with Greek Prime Minister Georges Papandreou Tuesday, his office announced, as the eurozone debt crisis threatened to claim its...

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