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Greece crisis News

Op-Ed: Greek officials still playing dirty

While unwinding on the Greek sun-kissed island of Crete, embracing the clear sea and golden sand, one would never think that this is the same country that was plagued by protests, severe tax hikes and record unemployment for the past six years.

Eurozone considers zero interest rates on loans to Greece

The IMF and the European Union are at loggerheads over the way to tackle Greek debt, with IMF chief Christine Lagarde suggesting a further debt haircut for Greece from public creditors. EU ministers oppose such a scenario.

Greek journalists suspended for criticising government minister

Two Greek television journalists, Marilena Katsimi and Kostas Arvanitis, have been suspended by a Greek state television channel after they voiced criticism of Greek public order minister Nikos Dendias.

Greece: Latest austerity measures cut top rate of tax

Athens - The three coalition party leaders have reached a basic agreement on the latest round of austerity measures to present to the Troika, due back in Greece on Sunday. The measures include a reduction in the top rate of tax from 45 to 35 percent.

Op-Ed: Greek political parties can't manage their own finances

Athens - What hope is there for the Greek economy when the political parties in charge of the nation's finances are incapable of managing their own party funds and are millions of euros in debt.

Greece considers scrapping €5,000 income tax-free threshold

Athens - The latest austerity measure under consideration by the Greek coalition government is to scrap the €5,000 income tax-free threshold, ensuring the burden of extra taxation hits the poorest in Greek society,

Jean Claude Juncker warns 'last chance' for Greece

Athens - Eurogroup Chairman Jean Claude Juncker, in Athens for talks with Antonis Samaras, declared "I oppose a Greek exit from the eurozone." However, he warned "Greece is facing its "last chance" to stay in the eurozone.

Samaras: Greece needs 'breathing space' to implement more cuts

Athens - As Greek Prime Minister Antonis Samaras prepares for a meeting with Euro Group President Jean-Claude Juncker on Wednesday, he told German newspaper Bild Greece needs "breathing space" to implement further spending cuts and reforms.

Greek Prime Minister to seek bail-out extension

Athens - Greek Prime Minister Antonis Samaras is to request a two-year extension to the bail-out memorandum when he meets with German Chancellor Angela Merkel later this month.

European Commission denies IMF plans to stop funds for Greece

A spokesman for the European Commission has denied reports by Der Speigel that the International Monetary Fund (IMF) is planning to cease any further financial aid to Greece.

Berlin to refuse fresh aid for Greece

Berlin - An unidentified German government source has disclosed that Berlin's patience with Greece has worn out and no further loans will be extended to Athens.

New Greek finance minister needed as Rapanos bows out

The Greek government is seeking a new finance minister following the decision of newly appointed Vassilis Rapanos to resign the position before even being sworn into it.

Wolfgang Schäuble tells Greece to stop asking for more help

German Finance Minister Wolfgang Schäuble was in top form this weekend as he sent advice to President Barack Obama on handling U.S. finances, before throwing more barbed commands to Greece.

Troika visit to Greece postponed until July

Athen - The Troika's planned visit to Greece on Monday has been delayed until July due to the ill-health of the new Greek prime minister and the new finance minister. Also postponed is the already delayed €5 billion bail-out loan.

Golden Dawn member accused of raping 15-year-old Albanian girl

A registered member of Greece's Golden Dawn party has been charged with the rape of a 15-year-old Albanian girl. The victim's family allege they have received threats by individuals claiming to represent Golden Dawn.

Greek energy crisis could cause national power blackout in June

The head of the Greek Public Gas Corporation (DEPA) has warned the caretaker government that Greece could face a blackout by early June as it may be forced to shut down the gas supply to electricity producers.

What does bankruptcy mean for Greece?

In a speech to the nation on Saturday night, the Greek Prime Minister outlined the consequences of the latest bailout measures not being ratified in parliament.

Greece receives first €20 billion to overcome crisis

While the European Union said that Greece, of which the economy has crumbled due to a debt crisis, will soon receive a first tranche of a massive EU/IMF loan to help it back on its feet, one of the country's ministers was fired due to a tax scandal.
 

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Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
Central Athens
Central Athens
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.

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