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France Putting Pressure on Greece

French President Francois Hollande is pushing Greece to meet the demands by international creditors in order to receive the second tranche (worth 33.5bn Euros)  of its bailout. Greek leader Antanois is seeking for more time to introduce reforms needed to

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The euro and Greece-The new government’s task is gargantuan

THE woman was from Patmos. Her husband had lost his job and come back to the island to be with their two children and find work. After he failed and she fell ill with cancer, they ran out of money.

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Greek PM Samaras to miss EU summit

Greece’s new Prime Minister Antonis Samaras will miss this week’s EU summit while he recovers from eye surgery, according to a government spokesman. He underwent routine surgery on Saturday for a damaged retina, with the operation said to have been

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Asia Markets Supportive of Greece Voters Backing Pro-bailout Party

In the wake of Greece’s election on Sunday, Asia markets have rallied after support for pro-bailout parties. The New Democracy party that has come top has supported the two bailout plans for Greece by the European Union (EU) and the

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Spain denies 'senseless' IMF bailout rumours

Spain’s economy minister has dismissed talk of it seeking a bailout from the International Monetary Fund (IMF) as “senseless”. And the IMF denied that Spain had asked to discuss rescue loans. The IMF has contributed to bailouts of all the

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Spain denies ‘senseless’ IMF bailout rumours

Spain’s economy minister has dismissed talk of it seeking a bailout from the International Monetary Fund (IMF) as “senseless”. And the IMF denied that Spain had asked to discuss rescue loans. The IMF has contributed to bailouts of all the

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Asian shares fall on Greece political uncertainty

Shares in Asia have fallen, taking their lead from Europe and the US, as political turmoil in Greece made investors seek less risky assets. Japan’s Nikkei 225 index was down 1.2%, while South Korea’s Kospi was down 1.4%. The euro,

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Greece: Why not let it sink?

Greece may have given us the word democracy and many of the principles of civil society. But now it is “the sick man of Europe,” and the people of other European democracies are asking whether it’s worth saving with billions

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Lack of Trust Hurting Greek Economy

While Greece’s financial stability is the most obvious and immediate concern, confidence—or a lack thereof—is a major issue and a growing part of the equation as the rest of the world’s leaders circle the wagons in an effort to rescue

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Greek socialist leader Venizelos warns of 'mass poverty'

The leader of Greece’s Pasok party Evangelos Venizelos has said Greece faces a choice between austerity and “mass poverty” in elections on Sunday. “On Sunday, our people’s fate is at stake,” Mr Venizelos told the closing rally of his campaign

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Greek socialist leader Venizelos warns of ‘mass poverty’

The leader of Greece’s Pasok party Evangelos Venizelos has said Greece faces a choice between austerity and “mass poverty” in elections on Sunday. “On Sunday, our people’s fate is at stake,” Mr Venizelos told the closing rally of his campaign

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