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Greece Asks Troika To Cut VAT

With envoys from international lenders in Athens to check the country's books and the pace of reforms, the Greek government is going to ask...

Greece Expects 17M Tourists This Year

Coming off a tough year in which many tourists stayed away because of political and social unrest, Greece is expecting a big rebound in...

Samaras, Troika Stuck On Worker Firings

While Greek government officials insisted that a one-day delay in talks between Prime Minister Antonis Samaras and envoys of international lenders was due to...

Samaras Wants Tax Break For Businesses

Prime Minister Antonis Samaras said that the austerity measures he's imposed on the orders of international  lenders have done all they can and that...

Kouvelis Says Austerity Killing Greece

Fotis Kouvelis, leader of the tiny Democratic Left (DIMAR) that is a junior partner in Greece's uneasy coalition government, has told international lenders that...

Austerity Drives Down Greek Deficit

Austerity measures that squeeze Greek pocketbooks are making an impact. Greece cut its deficit by a third last year, to 6.5 percent from 9.4...

Troika Says 80% Greek Debt Uncollectible

Because of austerity measures and even as it's pressing Greece's coalition government to go after tax evaders who owe more than $70 billion, the...

Alcohol Tax Hike Cuts Greek Sales

Just as increased taxes on restaurants and bars have driven down sales and revenues, a big hike in taxes on alcoholic drinks in Greece...

Greece Will Pile On More Taxes in June

ATHENS – Already under an avalanche of tax hikes  - including a doubling of income and property taxes – beleaguered Greeks will be hit...

Greek Companies Launder Money for Bulgarian Mafia

An estimated twenty five Greek companies provide cover for the Bulgarian mafia, acting in northern Greece. The information comes from a joint probe of Bulgarian...

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