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greek debt crisis News

Op-Ed: Greek negotiations with troika on hold as crisis continues

Athens - Prime Minister Antonis Samaras faces continuing problems negotiating with the Troika (European Commission, International Monetary Fund and European Central Bank) as he attempts to obtain the next portion, approximately $1.5 billion. of a bailout package.

Op-Ed: General strike held in Greece to protest austerity cuts

Athens - Greek unions held a 24-hour general strike on Wednesday (Nov. 6) in opposition to any additional austerity cuts. The strikes are taking place as the Greek government holds talks with representatives of creditors, the troika.

Review: ‘Miss Violence’ is a challenging portrayal of abuse Special

In ‘Miss Violence,’ a young girl jumps to her death on her 11th birthday. But the family’s irregular reaction to her “accident” draws suspicion from observers.

Almost two thirds of Greek youth are unemployed

Athens - Unemployment in general in Greece rose to a new high in May with a rate of 27.6 percent, up slightly from 27 percent in April and considerably higher than the 23.8 percent a year ago in May.

Greek Parliament votes in new austerity measures

Shortly after midnight the Greek Parliament voted in favour of the latest austerity measures that include drastic cuts and new taxes to the tune of €13.5 billion, and comprehensive changes to the labour laws.

Finance Ministry dismisses END's offer to buy Greek debt as joke

Athens - It was all just a "joke" the Greek Ministry of Finance declared, as it publicly dismissed reputed offers by the supposed E.N.D. Foundation to pay off the national Greek debt.

'Give us the debt and we will END the crisis' say Greek expats

Greeks living abroad, the Greek Diaspora, are willing to buy out Greece's debt but are demanding drastic changes to the Greek Constitution and national elections immediately.

Op-Ed: Thousands of Greeks protest austerity measures

Thessalon - Thousands of Greeks mount protests at new austerity measures imposed to meet terms of the bailout provisions imposed by the Troika

Greek banks facing risk of run in election fears

Athens - Major Greek banks are losing as much as 800 million Euros a day, as panicked consumers withdraw their money and begin panic-buying at supermarkets.

IMF's Christine Lagarde regrets insulting remarks about Greeks

International Monetary Fund (IMF) chief Christine Lagarde has expressed regret for her comments about the Greek people amidst the debt crisis.

Op-Ed: Socialism chills world financial markets

Socialism is fine until you run out of other people’s money to spend,” or so goes the metaphor. Francois Hollande, the newly-elected President of France, will have an opportunity to prove such right-of-center prophesying false.

$1.3tn cost of Greek disorderly default

The International Institute of Finance has warned the bondholders it represents that the cost of a disorderly default in Greece would be about $1.3 trillion.

Op-Ed: The Socialist Workers Party on the Greek debt crisis

Karl Marx would appreciate the Socialist Workers Party's analysis of the current Greek debt crisis. So would Groucho, Harpo and Chico.

Op-Ed: World support for Greek people over austerity measures

Rallies are taking place around the world under the banner "We are all Greeks now" in call for solidarity against austerity measures.

Op-Ed: Eurozone considers delaying loan to Greece until after elections

The crucial date of March 20, much heralded as the date Greece must receive its next bail out loan to avoid a disorderly default, could well now be moved.

Greek elections coming in April

The Greek government has confirmed that elections will be held in April but has not yet set an exact date. An official announcement is expected on Thursday.

Greek Prime Minister warns of chaos ahead

As more MPs indicate their oppostion to the latest austerity measures, Greek Prime Minister Lucas Papademos warns that, should the package not be approved on Sunday, the nation would be sent down "an unknown and dangerous path".

Greek political salaries and perks exempt from austerity

The salaries, expenses and perks received by 300 Greek politicians are a shameful disgrace, as they preside over austerity measures.

Greek strike protesters burn German flag, chant 'Nazis Out'

Athens - Thousands of protesters rallied outside Athens Parliament on Tuesday, as the nation held another 24-hour strike. Police turned tear gas on protesters who burned the German flag in anger over apparent German domination of Greece.

Op-Ed: It's not all bad news from Greece Special

Athens - Despite the crisis in Greece, there are a plethora of sustainable, ecological and ethical initiatives being offered throughout the country.

Greece pressured to buy German armaments with bail-out loans

Athens - Greece fought hard for independence from the Ottoman Empire, to then suffer under German occupation. As a result it ensures a strong modern defense system, but it is under undue pressure to buy armaments from Germany.

Greek PM says interim gov. will negotiate all new Troika measures

Athens - Interim Greek Prime Minister Lucas Papademos is pushing hard to ensure that he can determine which reforms will be introduced to meet the demands of the Troika.

Op-Ed: Why taxation is unnecessary

The super-rich on both sides of the Atlantic are appealing to their governments to tax them more to aid those less fortunate than themselves. The truth is, all taxation is totally unnecessary.

Op-Ed: If US debt goes into default, say goodbye to your money

Washington - Think of every cartoon you’ve ever watched where the dumb character goes over a cliff. They usually run madly around in mid-air, and then look down, then fall. As cartoons, that’s funny. As US fiscal policy, not so hilarious.

Greek protests surge as parliament votes on latest austerity plan

Athens - The Greek economy is at a virtual standstill as protesters are joined by public and private union strikers taking part in a two day general strike which began early Tuesday morning. Today the Greek austerity bill passed.
 

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Photos from Saturday s demonstration outside the Parliament.
Photos from Saturday's demonstration outside the Parliament.
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Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
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Demonstration outside the Greek Parliament
Demonstration outside the Greek Parliament
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Protesters during an anti-austerity demonstration outside the Greek Parliament in Athens
Protesters during an anti-austerity demonstration outside the Greek Parliament in Athens
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Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
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Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
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Central Athens
Central Athens
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Demonstration outside the Greek Parliament
Demonstration outside the Greek Parliament
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Demonstration outside the Parliament
Demonstration outside the Parliament
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Protesters during an anti-austerity demonstration outside the Greek Parliament in Athens
Protesters during an anti-austerity demonstration outside the Greek Parliament in Athens
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Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
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Untitled
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Photos from Saturday s demonstration outside the Parliament.
Photos from Saturday's demonstration outside the Parliament.
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Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
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Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
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Police and protesters during an anti-austerity demonstration outside the Greek Parliament in Athens
Police and protesters during an anti-austerity demonstration outside the Greek Parliament in Athens
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Demonstration outside the Greek Parliament
Demonstration outside the Greek Parliament
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Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
image:106833:0::0
Photos of Central Athens after last night s protest.
Photos of Central Athens after last night's protest.
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Photos from Saturday s demonstration outside the Parliament.
Photos from Saturday's demonstration outside the Parliament.
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