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Harvard Professor Says Greece Will Exit Eurozone

A plan to wipe out 50 percent of Greece’s debt to international lenders is not enough to keep the economy from collapsing and eventually...

After the Haircut, What Next for Greece?

The signs are all there that investors have really given up on Greece: analysts no longer say “if” when[...]

Papandreou: We Don’t Get No Respect

Battered at home and throughout Europe, Greece deserves some respect for its efforts to overcome its economic crisis, Prime Minister George Papandreou said, asking...

Investors in Greece Will Lose a Bundle – Maybe Everything

BRUSSELS - Officials of the Eurozone, the 17 countries who use the euro as a currency, have confirmed that banks and investors in Greece...

Papandreou-Samaras Meeting Ends in Failure (again)

  A day before "the mother of all strikes" and with thousands of riot police being rushed to Athens George Papandreou in a desperate bid to give...

Venizelos Blasts Strikers, Says Tax Evaders Will Be Named

ATHENS - As growing numbers of public workers join the ranks of strikers protesting pay cuts,  tax hikes, and the layoff of 30,000 workers...

IMF Warns Cyprus of Possible Fiscal Shortfall

The IMF warned Cyprus that its economy faces “substantial downside risks”. In its annual review on the Island’s economy, the IMF urged the government to intensify...

Greek Surtax Doubles, Tax Inspectors Set to Strike

A relentless wave of tax increases hasn't provided enough revenue to plug a deep hole in public finances, so a new supposed one-time “solidarity” surtax on income paid by Greeks will continue next year[...]

Nobel Winner Pissarides Says No Default, But Big Haircut

As Greek leaders are admitting that the country’s investors won’t get paid back all they are owed, Cyprus’ Nobel Prize Winner for Economics Christopher...

Venizelos Talks Tough to Would-Be PASOK Rebels

ATHENS – Finance Minister Evangelos Venizelos reiterated that Greece will do whatever it takes, including following the demands of the European Union-International Monetary Fund-European...

Troika: Next Aid Tranche Probably Available In Early November

The sixth aid tranche would be released to Greece most likely in early November, said the Troika in a joint statement. Once the Eurogroup and...

Extension Of Mid-Term Fiscal Plan Brings Additional Ten billion Euros Measures

IMF/EU/ECB ask for additional measures of €4 billion for the period 2011-2015 besides measures of €6 billion already included in the draft budget of...

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