PASOK
Economy
Greek Workers, Pensioners, Poor Face a Buzz Cut
The uneasy coalition government of Prime Minister Antonis Samaras will hit workers, pensioners and the poor for a big chunk of the $14.16 billion in cuts demanded by international lenders in return for rescue loans, Greek media reports said....
Greece
Nyuk, Nyuk, The Greeks Deserve What They Got
Born liar Evangelos Venizelos, the new non-leader of the PASOK Anti-Socialists, and Democratic Left leader “Uncle” Fotis Kouvelis, who is still learning the game of political prevarication, both recently swore, vow, pledged, promised, wrote in stone, dipped their fingers...
Economy
Greece Said to Need Another $3 Billion in Cuts
Even as the shaky coalition government led by Prime Minister Antonis Samaras is having trouble finalizing some 11.5 billion euros, or $14.16 billion in cuts demanded by international lenders in return for rescue loans, another $3 billion in savings...
Economy
Greece Says Bailout Break Would Help Economic Recovery
Hoping to press the case that Greece needs more time to hit fiscal targets demanded by international lenders, a report from the country’s Finance Ministry said that a possible recovery could be spurred by allowing two more years for...
Economy
Greek, American Researchers: Tax Evaders Cost Greece Billions
Leaving their country to struggle through recession and austerity measures, tax cheats have robbed Greece of some 11.2 billion euros, ($13.76 billion) that could be collected, according to Greek and American researchers. Rather than looking at tax records to...
Economy
Greece Puts Moratorium on Spending, Except Salaries, Pensions
Under the gun to make cuts or find equivalent savings of $14.16 billion, the Greek government has put a hold on all spending, except for pensions and salaries, and will not pay its bills. The new coalition administration of...
Economy
Greek $5 Billion Bond Sale Holds Off Default – For Now
Facing a deadline this month to pay a $3.82 billion loan payment or risk defaulting, Greece has again managed to escape, by selling $5 billion in 13-week treasury bills, mostly to Greek banks who had been recapitalized by the...
Economy
Pangalos Says Greeks Still Eating it All Together
Former Deputy Prime Minister Theodoros Pangalos, who stirred anger when he said that the Greek economic crisis was the blame of both politicians and the people who accepted jobs from them, is stirring the waters again with a new...
Economy
Samaras Cancels Prime Minister's Annual Economic Address
ATHENS – With Greece’s already-struggling economy sinking fast and his new coalition government unable to find any answers, Prime Minister Antonis Samaras is ending a tradition that has had Greek leaders for years giving an annual economic speech that...
Economy
Greece Set to Fire 40,000 Public Workers, Unions Vow Resistance
ATHENS – Under the gun from international lenders to make another $14.16 billion in cuts on top of crushing austerity measures that have hit workers, the elderly and the poor, Greece is set to put some 40,000 workers in...