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Euro-zone Summit Delayed Until October 23

After a round of consultations last week and over the weekend, inter alia with the Presidents of the Commission and the Eurogroup, on developments...

Troika and Venizelos to Meet Again Today

Representatives of Greece's international creditors (IMF, EU and ECB), who have been in Athens for the past week, continue to apply pressure for further...

Civil Servants Nearing Retirement Age to be Sacked

Greece and its international financers have agreed that civil servants over 60 and close to retirement will be made redundant, radio reports said Sunday. Finance...

Oct. 13 is D-Day (Decision, Not Default) for Greece

ATHENS -  Greece will know on Oct. 13 whether international lenders will release an $11 billion loan installment needed to keep the country from...

Protesters Try to Block Troika’s Return

Scores of protesters occupied Greece's finance ministry and other ministries to disrupt a visit by officials from the country's international lenders, who are expected...

Troika Expected Return to Greece on Wednesday

According to Reuters, a mission of inspectors from Greece's international lenders will probably return to Athens on Wednesday, a source close to the inspection...

IMF Chief Lagarde Says Patience Thin on Greece

As inspectors for international lenders returned to Athens to determine whether to release an $11 billion loan installment needed to keep the country from going bust, International Monetary Fund chief Christine Lagarde said investors are weary of helping Greece. “If the Greeks do not want our advice[...]

Venizelos Says Greece “Scapegoat” But Will Survive Crisis

With the economic world holding its breath over fears that Greece will default, Finance Minister Evangelos Venizelos told an international audience of bankers in Washington, D.C. that his country[...]

Troika Back in Athens Next Week

The teleconference between Evangelos Venizelos and troika officials came to end around 11 o'clock[...]

Troika Announces No Pension to People Under 55

According to Vima newspaper, a new condition was announced by Troika causing headache to the Greek Parliament once again.The committee asked for the permanent...

Troika Says Reduce Public Sector or Go Bankrupt

 Greece's creditors have firmly asked the government to lay off 100,000 civil servants by 2015, with 50,000 to be shifted to «εφεδρεία» (a special...

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...

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