Greek crisis News

Athens - Market stall vendors staging a 24-hour-strike in Greece on Wednesday, set up their stalls in Athens to hand out 20 tons of free food.

Athens - In spite of crippling austerity measures, a shrinking economy and reliance on bail-out loans, Greece remains the second-biggest defence spender among the 27 NATO countries.

As 2013 dawns a new poll shows the majority of Greeks expect this year to be worse than last, as tough new austerity measures and taxes take effect.

Athens - Greece's Golden Dawn (Chrysi Avgi) has posted a Christmas video they describe as "A beautiful, romantic and nostalgic video with pictures of old Athens we lost. The old Greek Athens as opposed to modern decline."

Ministers from the eurozone in conjunction with the IMF have reached an agreement on Greek debt. The arrangement means Greece will receive €34.4 billion by the end of this year, staving off bankruptcy and a Grexit.

The Troika of Greece's international creditors' failed to reach an agreement on the sustainability of Greek debt, during a 12-hour meeting that ended early Wednesday morning.

Fuel consumption has declined sharply in Greece as the economic crisis deepens. The increase in international oil prices; the EU embargo on Iranian oil; reduced consumer income; and massive hikes in taxes, have all contributed to declining fuel sales.

As Parliament voted to approve yet more biting austerity measures on the Greek people, the latest unemployment statistics were published. Unemployment has now reached a record high.

Former Greek Prime Minister George Papandreou is about to lead the ‘Redesigning Europe’ study group at Harvard, that has organised a lottery to satisfy the high demand to attend the study group.

Athens - A leaked e-mail sent to the Greek Labor Ministry by the Troika demands that workers in the private sector work a six-day week.