A woman holds the Greek flag during an anti-austerity protest, July 13, 2013. A European Union official says Greece will need more rescue funds from its international creditors as the current rescue loan program expires at the end of 2014, amid economic slump in the European country. “Greece’s trouble will not have been completely resolved by 2014. It’s realistic to assume that additional... 

German finance minister, Wolfgang Schäuble, has unexpectedly said that Greece will need more financial help, admitting for the first time that $328 billion pledged so far won’t be enough to save Greece from bankruptcy. Schäuble’s surprise admission of this deeply unpopular prospect comes at a sensitive time for his party. Germany will hold a general election on September 22. “There... 

A German flag flies in front of the Bundesbank headquarters in Frankfurt. A report has revealed a document showing Germany’s central bank predicts that the recession-hit Greece will need more rescue loans from its international creditors by the start of the next year. According to the report published by prominent German magazine Der Spiegel earlier this week, the document from the Bundesbank... 

Fresh data show that the unemployment rate in debt-ridden Greece hit a record high in May, with youth accounting for the largest jobless number. Greece’s jobless rate reached 27.6 percent in May, up from 27.0 percent in April, according to a report released on Thursday by Greece’s statistic service LSTAT. The agency added that the youth aged between 15 and 24 were hit the hardest with a 64.9 unemployment... 

Brazil’s executive director at the IMF Paulo Nogueira Batista Latin American countries have refused to endorse a recent move by the International Monetary Fund (IMF) to release 1.7 billion euros ($2.29 billion) of rescue loans to Greece. Paulo Nogueira Batista, who represents Brazil and 10 other Latin American countries on the IMF executive board, revealed on Wednesday that the group refused... 

Europe plunged into financial crisis in early 2008. Official data show the collective debt in the eurozone has hit a new record high of 92.2 percent in first quarter of 2013, as the 17-nation bloc continues to grapple with a worsening financial crisis. The data released by Eurostat, the EU’s statistics office, on Monday showed that government debt as a share of the total annual GDP of the eurozone... 

The Greek people, did not have to wait for the European Commission to tell them what we already know. Real unemployment is higher than what is recorded on paper, just like in the United States. The report says that 20% of households, are living off of 60% of the average median income in the country. The reality is in fact much worse, it is certain that more than 1/5 are below the poverty line. Young... 

A bomb explosion in central Greek city of Larissa has caused serious property damage. A powerful bomb explosion has hit an area in the central Greek city of Larissa, home to a prosecutor, causing property damage in the area. According to the ANA news agency, the blast occurred on Saturday, causing serious damage to a block of flats in the area. Greece police said the blast was caused by a bomb. Further... 

Recent reports confirm that the plan to sell off our islands is moving forward without delay. They call it the “National Plan for using state property”. It was first drafted in September 2012 by government officials and includes several islands. Galini in the Neos Marmaras province of Halkidiki is reportedly scheduled to be auctioned next Wednesday. In case any were unclear about it, the coalition... 

Greek workers march in protest during a day of general strike in Athens on July 16, 2013. Tens of thousands of Greek public sector workers have staged a new day of protest ahead of a parliamentary vote that would facilitate the layoff of thousands of workers. The Wednesday protest gathered municipal workers and mayors in Athens just before lawmakers sit to vote a bill that will put 4,200 civil servants... 

Syrian refugees, driven out of their country by the war, are trying to cross the Turkish-Greek border to seek asylum in the European Union. It is obvious that Greece cannot accept all those in need, therefore, the Greek authorities take a tough stance with respect to illegal immigrants. However, people still flee, drowning in the Aegean Sea and in the Maritsa River at the border with Turkey. A Syrian... 

Protesters attend a demonstration in Athens, Greece, July 8, 2013. Tens of thousands of Greek municipal workers have staged a strike to protest against the massive public sector layoffs enacted by the government in order to secure promised loans. Greek civil servants including policemen and schoolteachers took to the streets outside the Administrative Reform Ministry in Athens on Monday, as the government... 

Athens Mayor Giorgos Kaminis Greek staff unionists have physically assaulted Athens Mayor Giorgos Kaminis amid protests against job cuts tied to Greece’s bailout, officials say. The mayor’s office said Kaminis was “physically attacked” on Sunday while he was leaving a Confederation of Greek Municipalities (KEDE) meeting, where he held discussions about the austerity measures and their affects... 

A 70 year old citizen was mobbed by bullies- he is now currently hospitalized in critical condition after suffering severe head injuries and internal bleeding. The fact that these marauders only target Golden Dawn, and have yet to attack a single target of the Memorandum/Troika, shows who they are in service of. A group of approximately 100 Anarchist “ANTIFA” (“Anti-Fascists”) wearing helmets,... 

The unemployed make up nearly 6 in 10 young people under 25 years of age – unemployment continues to climb. The nightmare of unemployment does not end, especially among young people. For another month, Greece is … “the champion” in unemployment, with 26.8% of the working population without a job. 26.8% is an increase from the month before, February was 26.7% according to figures released...