Karatzaferis
Economy
Despite New Bailout, Sacrifice, Greece Still on Edge of Default
ATHENS – While many political leaders in Greece expressed satisfaction with a new bailout from international lenders – this one for $170 billion needed to pay debts, workers and pensioners – dissension and doubt remained and the ratings agency...
Economy
Greek Lawmakers Vote Austerity as Athens Burns
ATHENS – While anarchists warred on the streets with riot police and 40 fires lit up banks, cinemas, and businesses, the Greek Parliament approved more austerity measures designed to keep bringing in international aid to keep the debt-choked country...
Economy
Papademos Says He Will Remove Dissenters Because Default Would Bring Misery
ATHENS – Facing a growing mutiny in his shaky coalition government against austerity measures demanded by international lenders in return for a second bailout to keep Greece from going bankrupt, interim Prime Minister Lucas Papademos has told any dissenters...
Economy
Greece Must Decide: In or Out of the Eurozone
ATHENS – With international lenders continuing to withhold aid until the Greek Parliament ratifies austerity measures agreed on by the country’s shaky coalition government, Finance Minister Evangelos Venizelos said the country now has to decide whether it wants to...
Economy
Greece Gives In, Will Fire 15,000 and Slash Minimum Wage
ATHENS – In a move that seems certain to stoke worker outrage just before a general strike and protests, Greece’s coalition government has reportedly agree to international lenders' demands to fire 15,000 public workers this year and cut the...
Economy
With Greece on “Razor’s Edge”, Lenders Insist: Comply or Default
ATHENS – As Interim Prime Minister Lucas Papademos tried to keep leaders of his coalition together in a desperate attempt to win a consensus on reforms needed to keep international aid coming, the government was told it has no...
Economy
Troika Tells Greece: Action, Not Talk
ATHENS – Official from the Troika of international lenders keeping Greece on economic life support with rescue loans will wrap up a 10-day visit here on Dec. 18 and said they want some firm proposals on demands to further...
Economy
Papademos Pushes for Broader Parliamentary Support
ATHENS – Interim Prime Minister Lucas Papademos, in a bid to keep together a fractious coalition and get other splinter parties to support a second bailout from international lenders and more austerity measures, said he will meet with Members...
Economy
Samaras Splits New Democracy Over EU Letter
A letter sent to European Union officials by New Democracy leader Antonis Samaras pledging his[...]
Economy
Samaras Gives EU a Letter, but Not a Contract
With pressure building on him to sign a bailout deal that would give Greece $175 billion more[...]