Greece's ruling conservatives regain narrow lead

By 21/04/2013 11:44

Greece's ruling conservatives have regained a narrow lead over anti-bailout leftists, an opinion poll published on Saturday showed.

Cash-strapped Greece puts govt buildings on block

By Wang Xiaoying 12/03/2013 08:14

Greece's finance minister was lined up for talks on Sunday with the country's international creditors, hours after the Greek reform team was hit by the resignation of two top officials.

New anti-austerity strike grips Greece

By Erl 25/02/2013 07:33

Greece was hit by a fresh strike called by leading unions against unrelenting austerity in the recession-weary nation ahead of an audit by international creditors, disrupting flights, ferries and hospital services

Greek people blame Germany for forcing painful reforms on them

By 03/02/2013 10:38

Greek people blame Germany for forcing painful reforms on them in exchange for two EU-IMF bailout packages totalling over 200 billion euros.

Barroso: Greek Economy to Grow Again by End 2013

By paolo lombardi 30/12/2012 09:20

The European Commission President Jose Manuel Barroso said in an interview that Greece has made significant progress in implementing its bailout program over the past months.

Christmas bleak in southern Europe after years of crisis

By Angel Boligan 25/12/2012 07:52

Christmas is bleak this year across southern Europe, the area worst hit by the euro zone debt crisis, with many families struggling to provide even a small celebration for their children. From Lisbon to Athens, Christmas lights are dim, gift

Merkel thinking about Greece

By Petar Pismestrovic 23/12/2012 08:25

Greece's biggest National Bank said it had posted a nine-month loss of 2.45 billion euros.German Chancellor Angela Merkel has reportedly admitted to feeling an “inner involvement” for Greece

Greece's Eurobank posts one-billion-euro loss

By Luojie 22/12/2012 07:12

Greece's third-largest lender Eurobank on Thursday reported a net loss of 1.095 billion euros over the first nine months of 2012, after writing off six

Greece takes bottom EU spot in global corruption index

By marian kamensky 10/12/2012 08:15

Greece may ask for additional offers from bondholders in a debt buyback plan that forms part of its international bailout, Greek officials said on Sunday, but the country's prime minister said the transaction was running smoothly.

Merkel warns over euro crisis

By Dragan lukic 09/12/2012 08:22

While the ECB are busy talking u the economy, Germany is slipping into recession and Greece is trying to put a positive spin on a new series of defaults. German Chancellor Angela Merkel recently warned against complacency in the euro

Greece takes bottom EU spot in global corruption index

By Michael Kountouris 05/12/2012 08:27

Greece has scored the worst ranking of all 27 European Union nations in a global league table of perceived official corruption, falling below ex-communist Bulgaria as public anger about graft soars during the country's crisis.

Merkel does not rule out forgiving some of Greece's debt

By Dragan lukic 03/12/2012 08:47

Germany no longer rules out the possibility of forgiving Greece some of its debt once the country's finances are in order, Chancellor Angela Merkel said, signalling a softening of her government's tough stance on Greece.Greece is trapped

Merkel acknowledges Germans' frustration on Greece

By Dragan lukic 02/12/2012 09:18

Chancellor Angela Merkel said she understands the frustration felt by many Germans over the repeated bailout programs for debt-ridden Greece, but insisted they are in her country's self-interest because they help stabilize

Greece extends deadline for bank results to December 21

By Stephane Peray 01/12/2012 07:11

Greece has extended the deadline for its banks to report already-delayed financial results to December 21, the country's finance ministry said on Friday. The government had postponed the deadline to October 31 and then to the

Merkel's election schedule weighs on Greek bailout

By Erl 30/11/2012 11:10

German Chancellor Angela Merkel's upcoming re-election battle is shaping Europe's response to bailing out debt-ridden Greece.Angela Merkel will not need votes from opponents on the left to get a bailout for Greece through the

IMF money for Greece contingent on debt buy back

By Arend van Dam 30/11/2012 09:10

The International Monetary Fund will not disburse Greece's next bailout tranche until the country completes a voluntary buy back of its debt, an IMF spokesman said on Thursday. Eurogroup finance ministers and the IMF agreed earlier

Euro zone, IMF reach deal to cut long-term Greek debt

By Petar Pismestrovic 27/11/2012 07:25

Euro zone finance ministers and the International Monetary Fund clinched agreement on reducing Greece's debt on Monday in a breakthrough to release urgently needed loans to keep the near-bankrupt economy afloat.

European shares slide as euro zone worries resume

By Pavel Constantin 20/11/2012 09:49

European shares and the euro fell on Tuesday after a credit rating agency stripped France of its top-notch rating, reminding investors of the continuing risks from the euro zone debt crisis.

Euro zone, IMF make progress on Greece

By marian kamensky 18/11/2012 09:46

Euro zone governments and the International Monetary Fund (IMF) are making headway in settling a row over how to make Greece's debt manageable.The dispute is holding up the release of 31 billion euros

Greece to get 2 more years but delay to bailout

By Luojie 13/11/2012 07:52

Greece's international creditors are proposing granting the country two more years to meet its debt reduction targets as the country enters its sixth consecutive year of recession.The finance ministers of the euro states

Greece passes 2013 austerity budget

By Shadi Ghanim 12/11/2012 07:17

Greek lawmakers approved the country's 2013 austerity budget early Monday, an essential step in Greece's efforts to persuade its international creditors to unblock a vital rescue loan installment without which the country will go bankrupt.

IMF and EU face tough choices on Greece debt

By awantha 11/11/2012 07:56

Greece has moved a step away from bankruptcy with parliament's approval of new reforms, but its debt pile still threatens its solvency and its international creditors have yet to agree even how big it is. Euro zone finance ministers

Greece bailout release unlikely next week

By Erl 09/11/2012 09:27

Greece is unlikely to get its hands on crucial bailout cash next week, Germany's finance minister indicated Thursday, even though the country's Parliament narrowly backed more unpopular austerity measures

Europe sluggish support of Greece

By Petar Pismestrovic 04/11/2012 07:40

Governments in the eurozone are still holding to the line that there can be no question of restructuring Greek debt again, since this would mean losses and costs for their taxpayers and would increase political tensions.Germany's

Greece : EU/IMF lenders refuse to concede on reforms

By Erl 03/11/2012 07:40

Greece's foreign lenders have refused to make any further concessions on changes to labour laws contested by a junior coalition partner, the country's finance minister said earlier Greece unveiled a tough new austerity budget on

Greece Running Out of Cash; Government Under Threat

By Shadi Ghanim 02/11/2012 11:55

Greece's government on Wednesday outlined the new austerity measures it intends to take over the next two years, a series of painful spending cuts and tax hikes that its international bailout creditors are demanding in exchange for

Greece Moves Closer to Collapse

By Shadi Ghanim 30/10/2012 09:27

The euro fell against the dollar on Monday as markets remained wary over the persistent questions surrounding Greece's rescue program

Greek Neo-Nazis Welcomed German Chancellor With Hitler Salutes

By Carlos Latuff 25/10/2012 14:41

Tens of thousands of Greek protesters welcomed German Chancellor Angela Merkel to their country Oct. 9 with Nazi uniforms, Hitler salutes and swastika flags, lamenting her new austerity measures amid their floundering economy.

Samaras with Lagarde

By Rainer Hachfeld 22/10/2012 09:32

The International Monetary Fund Managing Director Christine LaGarde’s comment last week that Greece should get two more years to meet some of the target conditions of its$167 billion bailout package brought criticism by other countries

Euro crisis opens old wounds for Greece

By V.Kermlev 20/10/2012 12:20

A country's economy devastated, unemployment endemic and suicides rising -- this is the reality in Greece, and there is seemingly no end in sight.