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In Vienna, Samaras Says All Is Well

With his fragile coalition on the verge of breaking up over his decree to shut down the national broadcaster ERT without consulting his partners...

Greek Court Leaves ERT, Coalition In Limbo

After Greece's highest court effectively overturned his snap decision to shut down the country's national broadcaster ERT, Prime Minister Antonis Samaras faces more crisis...

Cyprus Wants Troika Bailout Escape Clause

Already trying to distance itself from the harsh terms to which it agreed in return for a 10 billion euros ($13 billion) bailout from...

Cyprus Can Revise Savings Seizure Plan

With reports that new Cypriot President Nicos Anastasiades admitted he didn't have the votes to pass a confiscation tax of up to 9.9 percent...

Stournaras Says No More Austerity

After already guaranteeing Greece would begin an economic recovery by the end of the year, Finance Minister Yiannis Stournaras now has promised that despite...

Greek Economy Shrinks Another 6%

Coming on the heels of news that the country’s unemployment rate hit a record 27 percent, the Greek government got more bad news: the...

Troika Loans Coming Fast for Greece

After getting the formal approval on Dec. 14 from the Eurozone finance ministers he was meeting in Brussels for a surge of 52.5 billion...

Greece Will Have To Wait On Loan

It took a while but Prime Minister Antonis Samaras’ uneasy coalition government got some relief when Eurozone finance ministers – on the third try...

World’s Top Greek Economists Tell Greece: Keep the Euro

ATHENS – The pressure on anti-austerity parties ahead of the critical June 17 elections not to renege on Greece’s reform deals with international lenders...

Merkel Calls For Greek Referendum On Euro; Berlin Denies

ATHENS – German Chancellor Angela Merkel’s office is denying a report that she recommended to Greek President Karolos Papoulias that Greece should hold a...

Warnings that Greece May Have to Restructure Again

Despite two bailouts totaling $325 billion, a $134 billion write-down in debt, crushing pay cuts, tax hikes, slashed pensions, the coming firing of 150,000...

Greek PM Tells Ministers: Stop Campaigning, Start Working

ATHENS – With elections looming on May 6, interim Prime Minister Lucas Papademos’ shaky hybrid government of PASOK Socialists and their bitter rival New...

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