Greek anti-austerity activists have occupied the Finance Ministry building in the capital, Athens, in protest of new austerity measures dictated by international creditors. The protesters took down the European Union (EU) flag waving over the building and put up a banner with portrays of Prime Minister Alexis Tsipras alongside his predecessors, George Papandreou and Antonis Samaras, reading “We... 

Two years ago, Greece missed the chance to extricate from the crisis with Russia’s help. Nowadays, Russian investments in the country grow and give air to breathe to economies of several regions of Greece, such as the north-east. Russian investors are especially attracted by cheap real estate, tourism and the property that they can buy from the state. “Greece should only give Russia the... 

Athens : Greek Prime Minister George Papandreou speaks during a debate on the confidence vote at the Greek Parliament, in Athens, on November 4, 2011. Greek Prime Minister George Papandreou has agreed to resign following the introduction of a new coalition government. This is according to an Athens news agency, quoting a source close to Papandreou himself. ­Sunday’s Greek Cabinet meeting is likely... 

The “endgame” in the eurozone’s debt crisis is fast approaching, analysts declared yesterday, amid growing warnings from politicians and bankers that the reality of a Greek default and possible exit from the eurozone can be denied no longer. German chancellor Angela Merkel and French president Nicolas Sarkozy will hold a conference call with Greek premier George Papandreou today,... 

Greek police forces face anti-austerity protesters on June 15, 2011. Greek Prime Minister George Papandreou has announced that he is to form a new government and push forward tougher economic measures despite anti-austerity protests in the country. Papandreou plans to form a new cabinet and to seek a confidence vote from his Socialist Party in an attempt to continue austerity plans to reduce the country’s... 

Greek protesters hold a demonstration in front of the old university in Athens, Greece, on May 31, 2011. The protest was organized by Greek academics against austerity measures and was joined by thousands of Greek citizens. Greek prime minister outlines programme of state sell-offs and further belt-tightening. With protests dividing his own party and tens of thousands taking to the streets, Greece’s... 

Turkey has indicated consent to Greek plans to fence part of its border, with Prime Minister Recep Tayyip Erdoğan voicing understanding of gravity of the illegal immigration problem that Athens has been facing. Yet, the plan continues to spark the concern of humanitarian agencies, who say the fence could prevent asylum seekers from reaching safety. Greece said last week it planned a fence along its... 

Bravo Goldman Sachs. You’ve done it again. As in the U.S. subprime crisis,  this house of ill repute created a deal which helped the Greeks obscure billions in debt from the budget overseers, then charged the Greeks hundreds of millions of Euros for helping them hide the debts.  Classic Goldman Sachs policy, says the great economist Taki, the house of shame having been and being as I write the...