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Greek PM rejects talk of Greece needing third bailout

Fresh on the heels of Greece floating a sovereign bond for the first time since the economic crisis began four years ago, Prime Minister Antonis Samaras had to reject talk that a third bailout will be needed.

Greek police and protesters clash over Sunday trading

Greek police have clashed with demonstrators protesting against a government requirement to open shops on Sundays in the capital of Athens.

Merkel 'believes' in Greece after reforms

Chancellor Angela Merkel on Friday said she "firmly believed" there was untapped potential in Greece after years of tough austerity reforms that culminated in a bond comeback this week.

Greece returns to bond markets, says end of bailout nears

Two years after nearly crashing out of the euro zone, Greece returned to the bond market on Thursday with investors hungry for high returns scooping up its debt in a €3bn deal that could mark the beginning of the end of its bailout.

Thousands of Greeks protest austerity in Athens

Thousands of Greek workers have taken to the streets in the capital Athens to protest against the government’s austerity measures.

Will the IMF Bailout Turn Ukraine Into Another Greece?

When the International Monetary Fund announced a tentative loan agreement with Ukraine last month, the move was widely acclaimed as vital to saving the country’s struggling economy. Headlines trumpeted the decision to “help” Ukraine with a $14–18 billion “financial lifeline.”

German Finance Minister says no haircut, but new Greek bailout possible

Despite the impending release of a long-delayed 8.3 billion euro installment from international lenders and a primary surplus of as much as 2.5 billion euros, Greece may yet need a third bailout, German Finance Minister Wolfgang Schaeuble says.

Eurozone finance ministers OK fresh bailout loans to Greece

Eurozone finance ministers, known as the Eurogroup, have agreed on a timetable for disbursing the next bailout funds for Greece. At a meeting in Athens, they found Greece was making sufficient progress on reforms.

Broken Country: Charities step up to help feed Greek children

Greece's economy has shrunk by a quarter in the past four years - and relentless spending cuts have left their mark on the most vulnerable in society. Many unemployed parents now have to rely on charity handouts to feed their children and keep them in school.

Broken Country: Charities step up to help feed Greek children

Greek workers hold anti-austerity demo in Athens

Government workers in Greece have held another anti-austerity demonstration as Greek authorities resume bailout talks with the country’s international creditors.

Israelis tried to send arms to Iran via Greece

Israeli arms dealers tried to send spare parts for F-4 Phantom aircraft via Greece to Iran in violation of an arms embargo, according to a secret probe by the US government agency Homeland Security Investigations (HSI) carried out in cooperation with the drugs and weapons unit of Greece’s Financial Crimes Squad (SDOE).

Greece grapples with soaring numbers of abandoned children and babies

First came the rising rates of homelessness. Then, the explosive growth of suicides. Now, four years into a devastating financial crisis, Greece’s youngest citizens are falling through the cracks of the country’s disheveled society.

Extremist Greek group vows attacks on German firms, blaming Berlin for crisis

Popular anger in Greece, torn by political and financial turmoil, is reaching alarming levels. A radical anti-capitalist movement has published a manifesto, blaming Germany for the dire state of the Greek economy, and threatening to launch attacks on the country's companies and politicians. The Popular Fighters' Group has admitted to firing shots at the German ambassador's residence in December last year.

Extremist Greek group vows attacks on German firms, blaming Berlin for crisis

Judges deem Greece's 2011 property tax to be unconstitutional

Just days after the Council of State ruled that the government was wrong to cut the wages of army officers and policemen last year, the coalition is facing another legal complication as Supreme Court judges have ruled that the emergency property tax, introduced in 2011 and levied through electricity bills, was unconstitutional.

Berlin weighs new aid package for Greece - with strings attached

The Greek government is demanding more financial assistance in view of the initial reform progress it has made so far. But German Finance Minister Wolfgang Schäuble wants to remain firm. Athens must implement planned reforms before getting more aid.

New property tax could leave Greeks homeless

In Greece hundreds of thousands of homeowners are struggling to pay a new property tax. The tax is one of many introduced by the government, as it tries to balance its crisis-ravaged budget. But the tax could force some people out of their homes.

New property tax could leave Greeks homeless

Greece: signs of growth come as austerity eases

It was nearly four years ago that the Greek government negotiated its agreement with the IMF for a harsh austerity program that was ostensibly designed to resolve its budget problems. Many economists, when we saw the plan, knew immediately that Greece was beginning a long journey into darkness that would last for many years. This was not because the Greek government had lived beyond its means or lied about its fiscal deficit. These things could have been corrected without going through six or more years of recession. It was because of the “solution” itself.

Greek central bank chief received bullets in mail

Greece’s central bank chief received two rifle bullets and a threatening letter in a mailed envelope, police said on Friday. They said a previously unknown group called People’s Punishers posted the envelope to central bank Governor George Provopoulos. They gave no further details.

Nigel Farage - "Mr Samaras, you're not in charge of Greece"

Nigel Farage MEP speaking in the European Parliament, telling the Greek Prime Minister a few home truths. 

Nigel Farage - "Mr Samaras, you're not in charge of Greece" (15th Jan 2014)

Oil giant BP agrees with Greece to buy entire Prinos oil output

Oil giant British Petroleum (BP) signed a deal Monday with the Greek Environment, Energy & Climate Change ministry and Greek company Energean Oil & Gas to buy the oil output from the Prinos field in the northern Aegean.

Greek jobless figures surge

Unemployment in Greece has hit a record high of 27.8 percent and the government is expected to eliminate permanent jobs, just as the country assumes the European Union's six-month rotating presidency.Some younger Greeks, seeing no opportunities in the public sector, have decided to take risks by starting their own businesses.Others shy away from such risky jobs and, with banks cash-strapped, there is not enough capital for new investments to pick up labour as quickly as it is being shed.

Greek jobless figures surge

What export led recovery? Greek exports for 2013 close to drop on previous year

Greek exports are teetering on the brink of ending 2013 with a decline compared with the previous year, as Hellenic Statistical Authority (ELSTAT) estimates for November point to a major 22.6 percent yearly slide when fuel is included and 7.9 percent without it.

Greek farmers protest controversial property tax

Greek farmers have taken to the streets of Athens to protest a controversial property tax demanded by the country’s international creditors.

Greece approves more austerity cuts

Greece's parliament approves 2014 budget with 3 billion euros worth of cuts, as a few hundred people protest the plans.

Cops, cars on fire as protesters throw Molotov cocktails in Athens

Police clashed with demonstrators in central Athens on Friday night as thousands attended rallies to mark the fifth anniversary of a fatal police shooting of a teenager - a killing that triggered major riots in Greek cities for three weeks. Police said four officers were injured in the clashes on Friday, 10 people were arrested for causing public disturbances and 55 people were detained for questioning. Police used tear gas, pepper spray and stun grenades in a bid to quell the rioters. 

Video: Cops, cars on fire as protesters throw Molotov cocktails in Athens

Has internal devaluation really helped Greek exports?

The performance of Greece’s exports has been one of the main disappointments of the troika-led program. One of the pillars of Greece’s adjustment was meant to be internal devaluation, which through a number of reforms that would stimulate growth, absorb the collapse of domestic demand and re-direct production and capital to tradable goods.

Alternative Media Outlets Launch Counter-Attack on Greek Austerity

Filling a void left by the austerity-driven closure of Greece's public news broadcaster earlier this year, a new generation of young, independent and critical media outlets are popping up around the country, providing a strong voice in opposition to "the country’s dominant power structures," according to an exposé in Wednesday's New York Times.

Debt load of PIIGS countries far heavier now than four years ago

As the euro zone's weakest members crawl out of their longest recession in modern history, their prospects of recovery are weighed down by a crushing mountain of debt far heavier than before four years of financial crisis.

Greece says can't take any more austerity, will not be 'blackmailed'

Greece's president used an annual commemoration of the country's stand against fascism in World War Two on Monday to warn that Athens would not yield to pressure from foreign lenders to impose more austerity.

Greece Takes Aim at Pensioners Again

Reneging on his promise there would be no further austerity measures – just a couple of days after Prime Minister Antonis Samaras reiterated the same pledge - Finance Minister Yannis Stournaras said the government will go after pensioners again and cut 500 million euros ($689 million) from the already-decimated Social Security system.


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