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In Washington, Venizelos Tries to Convince Skeptical World

Even while Greek Finance Minister Evangelos Venizelos was busy in Washington trying to persuade everyone that Greece will not default, although it is drowning...

Bad News for Banks: Greece May Not Pay Them

As Greece daily steps closer to defaulting on its loans, Finance Minister Evangelos Venizelos has[...]

Back to the Drach? Papandreou May Let Voters Decide

ATHENS – As  pressure builds on Greece to default, Prime Minister George Papandreou is reportedly mulling a referendum to let the people decide whether...

Greeks Gird for More “Blood and Tears” Economic Hits

With Greece still poised on the edge of bankruptcy and growing predictions the country will fail, Prime Minister George Papandreou said he will institute...

Another EU Task Force Descends on Greece

ATHENS – Already under the thumb of the EU-IMF-European Central Bank Troika which is requiring Greek Prime Minister George Papandreou to keep cutting workers...

EU Wants Greek Private Sector Workers Pay Cut Too

  ATHENS – With public workers set for another barrage of pay cuts – teachers already bracing for a retroactive salary slash of 380 euros,...

Greek Crisis Threatens Eurozone Survival

ATHENS – As speculation intensified that Greece would default, the crisis that has gripped the country for 18 months, setting off protests and riots...

Greece Stops Paying Bills

Strapped for cash and facing the prospect of being unable to pay workers without the next installment of rescue loans from international lenders, Greece...

CEO of EFSF Warns Standard of Living Will Fall for Greece

According to Reuters, Klaus Regling, CEO of the EFSF (i.e. European Financial Stability Facility) said during a discussion organized by the Social Policy Association...

Courts Fine Tax Evaders $10 Billion Greece Hasn’t Collected

ATHENS – Even as the government is trying to squeeze every last cent out of taxpayers, it has failed to collect some $10 billion...

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