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Greece ready to accept all bailout terms
Greek Prime Minister Alexis Tsipras is ready to accept almost all the conditions proposed by the country’s international creditors at the weekend, marking the latest attempt to keep Greece in the eurozone.
The prime minister said he would accept all of the terms proposed with just minor exceptions. He agreed to the changes in the country’s value added tax system but asked to keep a special 30...
Greek PM announces closure of banks and stock market
Greece has announced the temporary closure of banks and stock market as leaders of the US and Germany weigh in on the country’s debt crisis.
The Bank of Greece has recommended a “bank holiday and restriction of bank withdrawals” on Monday, Greek Prime Minister Alexis Tsipras announced in a statement on Sunday.
Athens stock market would also stay closed and capital controls are to...
Anti-EU Communists win national elections in Greece
Greece’s radical leftist party, Syriza, is leading the country’s parliamentary election, claiming 36 percent of the vote, and leaving the ruling New Democracy party in second place with 28 percent, according to the preliminary results.
The votes have so far been counted at 96.6 percent of polling stations across the country.
Greek Prime Minister, Antonis Samaras, has acknowledged defeat and congratulated...
Greece dissolves parliament for January snap election
A view of the Greek parliament in session.
Parliament in Greece has been dissolved after Prime Minister Antonis Samaras requested the dissolution of the legislature following its failure to choose a new president after three successive rounds of voting.
A statement from the parliament said an early election in the austerity-weary country would be held on January 25, as Samaras announced on Monday,...
Greek pensioners demonstrate against spending cuts
Greek pensioners have taken to the streets in the capital, Athens, to voice anger at austerity measures taken by the government of Prime Minister Antonis Samaras.
Furious at the government’s plans to cut pensions and increase taxes, the demonstrators gathered in central Athens on Thursday and marched on the premier’s office.
The protest came a day after the country’s troubled coalition government...
Clashes erupt at Greek anti-EU protests in Athens
Police and protesters clash in the Greece capital Athens during a demonstration against European Union after the country officially launched its six-month presidency of the bloc.
On Wednesday, the protesters clashed with riot police as they were denied to march to the Parliament.
The protesters burned the European Union flag to show anger against the bloc, which they blame for the tough austerity...
Thousands march in Greece to protest austerity
More than 10,000 Greek workers have taken to the streets in the capital to protest against the government’s austerity measures, as inspectors of the troika of international lenders are in Athens to review the country’s bailout.
Some 12,000 people participated in two separate marches to parliament on Wednesday in Athens.
Similar protests were also held in the country’s second largest city,...
Greece unemployment rate hit 26.8 percent in October
Greek Prime Minister Antonis Samaras arrives at the Finance and Development Ministry in Athens for a meeting with the Development minister, January 9, 2013.
New official data show that Greece’s unemployment rate increased to 26.8 percent in October as the eurozone country witnesses a sixth year of recession.
“Unemployment in October 2012 was 26.8 percent, compared with 19.7 percent in October...
Greece Public Debt And Deficit Worse Than Estimated
Provisional figures released by Greece’s national statistics authority have shown the country’s deficit and public debt for 2011 are worse than estimated.
According to provisional data published by ELSTAT statistics agency on Monday, the 2011 deficit stood at 9.4 percent of gross domestic product and the public debt at 170.6 percent.
“The revisions as regards the debt ratios are primarily...
Greek Prime Minister Agrees to Resign
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...
Greek Prime Minister to form new government
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...