Austria Will Give Greece Bond Profits

Austria’s Parliament has decided not to keep profits from its holding of Greek bonds and will return them to Greece in a grant to...

Sinn Sees Greece, Cyprus Leaving Euro

The German economist and President of the Ifo Institute for Economic Research in Munich, Hans-Werner Sinn, spoke in favor of a temporary exit from...

Germans Say Greeks, Cypriots Hide Riches

Der Spiegel’s front-page of April 15 had the provocative title, The poverty lie. How the countries in crisis cover up their riches, showing on...

Barroso Tells Anastasiades: No More Money

European Commission President Jose Manuel Barroso has written Cypriot President Nicos Anastasiades that the island's beleaguered government won't be getting any more financial aid...

Chountis Questions Eurozone Chief’s Standing

Nikos Chountis, a Member of the European Parliament from Greece's major opposition Coalition of the Radical Left (SYRIZA) challenged the competency of Eurozone chief ...

ECB’s Asmussen Presses Cyprus Deal

A European Central Bank (ECB) Executive Board member, Jorg Asmussen, said it's critical for the stability of the Eurozone to finalize a bailout deal...

Deputy Development Minister Mitarakis in London

Greece's Deputy Minister of Development Notis Mitarakis was in London on Feb. 4 to hold a series of meetings with investors in order to...

Greeks Invest in Albania

According to the Greek Embassy in Tirana, Greece ranked first in Foreign Direct Investment stock. According to statistics acquired from the Central Bank of Albania,...

Kallakis Jailed For Defrauding UK Banks

A Greek businessman who defraud UK banks out of some 750 million British Pounds, or $1.18 billion and lived a jet-set lifestyle of high-stakes...