greek debt crisis News

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.

In the Media by Katerina Nikolas

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.

In the Media by Katerina Nikolas - 5 comments

'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.

In the Media by Stav Dimitropoulos - 13 comments

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

In the Media by Ken Hanly - 1 comment

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.

In the Media by David Amerland - 4 comments

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.

In the Media by Katerina Nikolas - 1 comment

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.

In the Media by Larry Clifton - 18 comments

$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.

In the Media by Marlene de Wilde