
Greek lawmakers approved a “tough” 2016 budget early Sunday, forecasting near zero growth for 2015 and a small contraction next year for the debt-ridden country in its sixth year of austerity. The coalition government, which enjoys a narrow majority, managed
by AFP6 Dec 2015, 1:45 AM PST0

Greek unions are holding their second general strike in less than a month Thursday, this time against a planned social security overhaul that could enforce new pension cuts. The labour ministry is working on a new system under which state-guaranteed
by AFP3 Dec 2015, 1:23 AM PST0

From The Fiscal Times: Should we keep 10,000 Syrian refugees from coming into the United States? It’s all anyone can seem to talk about in the wake of the Paris terror attacks. Which is odd. I figured the political discussion
by Breitbart London24 Nov 2015, 3:08 AM PST0

The euro zone will release the next tranche of loans for Greece as well as money for bank recapitalisation only after Athens implements agreed reforms, euro zone finance ministers said, noting a Greek pledge the conditions would be met this
by Reuters10 Nov 2015, 12:35 AM PST0

Portugal is in the midst of a constitutional crisis after President Anibal Cavaco Silva refused to allow a coalition of left-wing anti-austerity parties to take power even though they have a majority in parliament. The centre-right party of Prime Minister
by Nick Hallett24 Oct 2015, 3:16 AM PST0

HELSINKI (Reuters) – Greece will be a headache for the euro zone for decades, Finland’s eurosceptic foreign minister said, and called for the International Monetary Fund to participate in the Greece’s new bailout package. “Unfortunately, this problem will be in
by Reuters18 Aug 2015, 5:59 AM PST0

Between 2010 and 2015 Germany profited from the ongoing Greek debt crisis to the sum of €100 billion, according to a new study. The billions consists of money saved by lower interest payments on funds the German government borrowed amid investor “flights
by Sarkis Zeronian11 Aug 2015, 8:01 AM PST0

BRUSSELS, Belgium (Reuters) – Talks with Greece on a third bailout are moving ahead in a satisfactory way and reaching an agreement is possible before August 20, the European Commission said on Thursday. The Commission comments were in response to
by Reuters6 Aug 2015, 4:51 AM PST0

ATHENS, Aug 3 (Reuters) – Greece’s stock market plunged nearly 23 percent on Monday when it opened after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone. The main Athens stock
by Reuters3 Aug 2015, 1:51 AM PST0

From Der Spiegel: After the Greek bailout disaster, Paris, Berlin and Brussels want to reform the euro zone by creating an economic government and a special tax for the currency area. German Finance Minister Schäuble is in favor, but Chancellor
by Breitbart London2 Aug 2015, 2:26 AM PST0

Greece may seek 24 billion euros in a first tranche of bailout aid from international lenders in August to prop up its banks and repay debts falling due at the ECB, a pro-government Greek newspaper said in its early Sunday
by Reuters2 Aug 2015, 2:07 AM PST0

LAMIA, Greece (Reuters) – Wild boar and power cuts were Greek cotton farmer Mimis Tsakanikas’ biggest worries until a bank shutdown last month left him stranded without cash to pay suppliers, and his customers without money to pay him. Squeezed on
by Reuters30 Jul 2015, 2:42 AM PST0

BRUSSELS/FRANKFURT, July 27 (Reuters) – The International Monetary Fund warned on Monday that the euro zone’s prospects were modest and that more money printing than planned may be needed. Contrasting the IMF’s relative gloom, however, German think tank Ifo reported improving
by Reuters27 Jul 2015, 9:54 AM PST0

Euro zone leaders told near-bankrupt Greece at an emergency summit on Sunday that it must restore trust by enacting key reforms before they will open talks on a new financial rescue to keep it in the European currency area. Leftist
by Reuters12 Jul 2015, 8:17 AM PST0

UK Prime Minister David Cameron has been urged to use the Greek financial crisis to ditch his ‘useless and meaningless’ negotiation strategy in Europe. Former Chancellor Nigel Lawson called on the Mr Cameron to ‘seize the opportunity’ for the dismantling of the eurozone,
by Breitbart London12 Jul 2015, 4:01 AM PST0

The Eurogroup session has resumed in Brussels at the same time a crucial meeting of heads of state and government of the 19-nation currency area to decide on Greece’s fate in the euro zone later today was cancelled. After the nine-hour session
by Reuters12 Jul 2015, 12:44 AM PST0

The eurozone’s former communist nations, including Estonia, Latvia, Lithuania and Slovakia, have themselves endured painful reforms and austerity programmes within living memory. Perhaps as a result, they are now among those taking the hardest line on Greece following that country’s
by Sarkis Zeronian7 Jul 2015, 10:59 AM PST0

The Economist Intelligence Unit has pinned its colours to the mast: The EIU forecast victory for the “No” camp as soon as the referendum was called. We are sticking to that call. — The EIU Europe (@TheEIU_Europe) July 5, 2015
by Sarkis Zeronian5 Jul 2015, 8:49 AM PST0

UPDATE: European Central Bank confirms it will maintain emergency liquidity assistance to Greek banks. – The most dramatic day yet in Greece’s months long economic crisis saw a run on banks and the confirmation of next Sunday’s referendum on a bailout deal.
by Sarkis Zeronian28 Jun 2015, 3:37 AM PST0

Eurozone countries are drawing up secret documents to force Greece out of the single currency, a memo from the Finnish finance ministry has revealed. The monetary alliance is preparing to act should Greece be declared bankrupt next month. That will happen
by A.B. Sanderson10 Apr 2015, 4:51 AM PST0

Former French President Valery Giscard d’Estaing has said that Greece should leave the euro so it can devalue its currency and increase its economic competitiveness. Giscard, who notably presided over the Convention on the Future of the European Union that
by A.B. Sanderson20 Feb 2015, 8:50 AM PST0

Greece is on a collision course with senior officials of the Eurozone after refusing to be bullied during debt financing talks. The newly-elected leftwing Syriza government reacted with fury to demands that the country stick to the austerity plan which were
by A.B. Sanderson17 Feb 2015, 3:54 AM PST0

A survey has found that 48 per cent of Germans are in favour of Greece leaving the eurozone, compared to only 29 per cent who want them to remain in the currency union. With Greece’s current bailout programme scheduled to
by A.B. Sanderson11 Feb 2015, 3:57 AM PST0

Seventy-five years on from the end of the Second World War, the hostilities between Germany and Greece are rising as the war of words over debt and reparations continues. Newly elected Prime Minister Alexis Tsipras made his first major speech
by A.B. Sanderson10 Feb 2015, 3:48 AM PST0