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Greece rejects bailout offer

Greece voters overwhelmingly rejected demands by international creditors for more austerity measures in exchange for a bailout of its bankrupt economy. This referendum, which is the first in more than four decades, adds to the uncertainty about Greece’s future in

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Eurozone extends deadline for Greece to budget targets

The Eurozone has agreed to allow two more years for Greece to meet its deficit-reduction targets. The Eurozone finance ministers met in Brussels and endorsed a proposal to extend from 2014 to 2016, as demanded by international lenders. The two-year

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Six Day Work Week Suggested For Greece

In an email sent to the Greek Ministries of Finance and Labor, Greece’s international lenders have suggested that Greece should introduce a six day work week. Other proposals made by the Troika in exchange for the second bailout include reducing

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Germany warns it could veto Greek aid

According to a senior lawmaker, if Athens fails to comply with the terms of previous rescue packages, Germany will block any new aid to Greece. Michael Fuchs, the deputy head of Chancellor Angela Merkel’s conservative party, has said that Berlin

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