Greece, at UN, urges 'fair compromise' on row with former Yugoslav Republic of Macedonia
Local Greek News
A "fair compromise" with a geographic qualifier is the most appropriate solution to the long-running dispute between Greece and the former Yugoslav Republic of Macedonia over the latter country's name
Source: Greece News
Greece and Bailout-Fund Move Markets in Europe
Local Greek News
Equities in Europe finished the quarter decidedly weak with the Euro Stoxx 50 benchmark equity index losing 23.48 percent since June 30. Last week, many rumors resulted in volatile trading, as ...
Source: Greece News
crisis takes toll on health
Local Greek News
ATHENS, Greece -; The Greek financial crisis has become a health hazard. Economically vulnerable Greeks are losing health care access amid dwindling budgets, facing higher risks of HIV ...
Source: Greece News
Strike-hit Greece heads to standstill ahead of a crucial vote
Local Greek News
ATHENS (Reuters) - Greece faces a crucial test this week with much of the country expected to be shut down by a 48 hour strike that will culminate Thursday as parliament votes on a sweeping package ...
Source: Greece News
Greece approves austerity measures amid violent clashes
Local Greek News
One demonstrator has died and dozens have been injured in riots and protests as the Greek parliament approved a new round of tough budget-cutting measures Thursday.
Source: Greece News
EU leaders call on G20 to help bring 'swift resolution' to crisis
Local Greek News
Jose Manuel Barroso and Herman Van Rompuy have written to the leaders of the world’s 20 biggest economies to ask for their support ahead of a "high stakes" G20 summit in Cannes ...
Source: Greece News
Greek prime minister survives confidence vote
Greek Prime Minister Papandreou's government survives confidence vote, calming a revolt in his Socialist party with a pledge to seek an interim government. Ref. USAToday
Greek Prime Minister George Papandreou and the head of Greece's leading opposition party will meet Monday to discuss who will become the nation's next prime minister.
Papandreou will step down as his government's leader, the country's president announced Sunday night, agreeing to do so on the condition that the controversial 130 billion euro bailout deal is approved.
The decision appears to close one chapter in Greece's tumultuous political and economic saga, as Papandreou had become a lightning rod for critics for his leadership of the south European nation as it tackles a prolonged financial crisis.
It also paves the way for passage of the agreement that he negotiated October 26 with European leaders. That deal wipes out 100 billion euros in Greek debt (half of what it owes) and a promise of 30 billion euros to help the public sector pare its debts, making the whole package worth a total of 130 billion euros ($178 bi llion). Ref. CNN