
ATHENS (AFP) – Greece’s prime minister on Sunday said his government will not give in to “unreasonable” demands as the debt-ridden country braces for critical negotiations with international creditors on the thorny issue of pension reform. The warning came just days
by AFP3 Jan 2016, 6:37 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

Far-left Greek party Syriza had much to celebrate on Sunday, as Prime Minister Alexis Tsipras stormed to a more-comfortable-than-predicted reelection victory. Leftists were not the only ones celebrating, however, as neo-Nazi party Golden Dawn saw its best election results yet, coming in third place.
by Frances Martel21 Sep 2015, 8:49 AM PST0

As Greece braces for parliamentary elections on September 20, ruling Radical Left party Syriza finds itself slipping in the polls and possibly handing the nation back to the center-right, chasing an ever-elusive youth vote.
by Frances Martel16 Sep 2015, 10:00 PM PST0

From Reuters: Former Greek premier Alexis Tsipras urged supporters on Saturday to give him a mandate to complete the country’s political transformation, as a poll showed his leftist Syriza party’s lead slipping ahead of elections next month. Tsipras abruptly resigned
by Reuters29 Aug 2015, 7:04 AM PST0

As Greeks prepare for the beginning of the school year in September, there are serious concerns among Ministry of Education officials that as many as 27,000 teacher and university professor positions will remain unfilled. Officials are scrambling to recruit substitute teachers with fewer certifications to fill classrooms.
by Frances Martel12 Aug 2015, 7:09 AM PST0

The criminal investigation into former Greek Finance Minister Yanis Varoufakis will involve a cyber-crime law enforcement unit, as Greek officials seek to uncover whether Varoufakis’ “Plan B,” an emergency plan that would have required the government to hack into private taxpayer accounts and switch from the euro to the drachma currency.
by Frances Martel5 Aug 2015, 11:16 AM PST0

A Swiss politician has called for the nation to take advantage of the Greek crisis to establish a Swiss empire overseas by taking an island in return for the money Athens owes. The unusual suggestion was made by Pierre Rusconi, a member of parliament
by Oliver Lane23 Jul 2015, 4:18 AM PST0

Police faced massive riots in Greece on Wednesday night as Parliament accepted the terms of a debt deal significantly more stringent than that rejected via referendum on July 5. Mass arrests of nationals from Australia, Ukraine, France, and Italy– but not Greece– occurred.
by Mary Chastain16 Jul 2015, 7:08 AM PST0

The Greek parliament voted last night to accept tough new austerity measures, despite the people rejecting similar measures in a referendum just over a week ago. Angry protesters took to the streets to denounce the move, which they saw as
by Breitbart London16 Jul 2015, 4:16 AM PST0

Following a referendum in which the Greek people largely rejected a debt deal with the EU and IMF requiring further austerity measures, Greek Prime Minister Alexis Tsipras has been cornered into selling the Greek Parliament an agreement even stricter than the one the referendum rejected. In doing so, he faces the herculean challenge of proving his new demand is not a complete about-face for him or his leftist party.
by Frances Martel15 Jul 2015, 8:32 AM PST0

Anyone who has ever witnessed the terminal struggles of insects in a killing bottle will recognise the nature of the paroxysms contorting the EU “leaders” today. The Greek pantomime is beyond parody. It is a shadow-boxing contest between two factions of the
by Gerald Warner15 Jul 2015, 12:31 AM PST0

A Bloomberg reporter, presumably in Athens to cover the developing Greek debt crisis, received quite a surprise with the bill: a charge in the Greek drachma, a long-defunct currency looming its head as the possibility of Greece leaving the euro behind grows with every day its government fails to make a debt payment to Europe.
by Frances Martel10 Jul 2015, 9:06 AM PST0

Tourists planning a luxury getaway to the Greek isles are being increasingly hesitant to keep their bookings, thanks to both an economic crisis plaguing the nation’s banks and the Greek government’s inability to process thousands of illegal migrants sailing into island ports from Turkey. In order to keep revenue up, companies are offering steep discounts and encouraging tourists not to cancel trips.
by Frances Martel9 Jul 2015, 11:59 AM PST0

Antonis Samaras, the head of Greece’s conservative New Democracy party, has resigned from leadership following the nation’s resounding rejection of Eurozone debt repayment terms in a referendum on Sunday. Samaras will be remembered most for being the only prime minister in the last decade to accept austerity measures and attempt to curb Greece’s spending during the current crisis.
by Frances Martel6 Jul 2015, 6:57 AM PST0

As the ruling Coalition of the Radical Left (Syriza) vocally demands the Greek people vote “no” on a referendum regarding European Union debt repayment terms on Sunday, an unlikely voice has emerged representing the opposition “yes” vote, interpreted as a vote in favor of keeping the Euro as currency and remaining in the Euro: electro-pop megastar Sakis Rouvas.
by Frances Martel4 Jul 2015, 4:34 PM PST0

Thom Feeney, a 29-year-old London shoe shop worker, has raised almost a million dollars in an effort to help Greece pay off its debt to the International Monetary Fund (IMF). As of the time of this writing, Feeney had raised nearly $970,000 through an IndieGoGo campaign.
by Michael Lucchese4 Jul 2015, 9:05 AM PST0

Athens (AFP) – Greece’s radical left government said Thursday it may resign if it fails to win a referendum that could decide the country’s financial future.
by AFP2 Jul 2015, 6:45 AM PST0

The Greek government said on Wednesday it had no plans to cut defence spending, appearing to contradict a letter sent by Prime Minister Alexis Tsipras to creditors a day earlier offering to “reduce the expenditure ceiling for military spending”.
by AFP2 Jul 2015, 6:42 AM PST0

The Greek debt crisis shows that Russia must carefully think about how high its own state debt burden is, Finance Minister Anton Siluanov told reporters on Wednesday.
by Reuters1 Jul 2015, 6:16 AM PST0

So, farewell then Greece. The land of early retirement, lavish state pensions, tax evasion, official corruption and perpetual socialist indulgence – all of it underwritten by other people’s money – has become the first western country to default on an IMF loan. Incredibly
by Simon Kent1 Jul 2015, 2:28 AM PST0

It has been a difficult week for Greece, whose as-of-yet insurmountable debt to the European Union and International Monetary Fund continues unpaid and with little hope of preventing a default.
by Frances Martel30 Jun 2015, 8:30 PM PST0

As talks between Greek officials and members of the IMF and European Union approach their conclusion before a potential exit of the Hellenic nation from the eurozone, Chinese officials are suggesting they could play a role in helping Greece pay back its debts. The Greek crisis has negatively affected the Chinese economy, which has invested millions in Greece.
by Frances Martel30 Jun 2015, 8:35 AM PST0

Labour MP Diane Abbott has been widely mocked on social media for tweeting her support for an “emergency letter of solidarity” calling for Greece’s debt to be cancelled. Abbott, the MP for Hackney North and Stoke Newingon (who is also hoping
by Donna Rachel Edmunds29 Jun 2015, 4:14 AM PST0

The Greek prime minister’s surprise call for a July 5 referendum for voters to decide whether or not to accept the terms of a bailout deal offered by international creditors prompted the eurozone to reject Greece’s pleas to extend the expiring bailout, various news outlets report.
by Edwin Mora28 Jun 2015, 3:10 PM PST0