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No more Leeway to Greece from Germany

Germany puts pressure on Greece to stick to its bailout conditions within the time limit given to them. Greece is expected to ask for more time to make cuts through austerity measures; however, some politicians Germany has opposed giving more

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Greek governing parties ‘lose majority’ at polls

Greece’s two governing parties, which back tough austerity measures, have lost their parliamentary majority in Sunday’s election. With almost all votes counted, centre-right New Democracy is leading with 19%, down from 33.5% in 2009. Centre-left Pasok is in third place

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Greek governing parties 'lose majority' at polls

Greece’s two governing parties, which back tough austerity measures, have lost their parliamentary majority in Sunday’s election. With almost all votes counted, centre-right New Democracy is leading with 19%, down from 33.5% in 2009. Centre-left Pasok is in third place

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Greece averts immediate default with bond deal

Greece averted the immediate risk of an uncontrolled default on Friday, winning strong acceptance from its private creditors for a bond swap deal which will eat into its mountainous public debt and clear the way for a new international bailout.

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