Greece’s technocrat prime minister, Lucas Papademos, moved two government ministers on Tuesday, in a mini cabinet reshuffle.

A quarter of Greeks likely to be out of work by the end of 2012.

Greece successfully closed a bond swap offer aimed at reducing its colossal debt pile and averting a chaotic default that would pitch the euro zone into a fresh crisis.

Prime Minister Lucas Papademos, in a televised statement on Friday following the successful completion of the PSI hours earlier, said the present day “is not only a day of satisfac

As the jobless rate in Greece climbs to 21 per cent from 14.8 percent a year earlier, predictions are set for a quarter of Greeks to be out of work by the year end.

The deadline for Greek bondholders to agree to a voluntary debt restructuring scheme passed on Thursday night and the government is expected to announce on Friday morning that well

A crowd of angry PASOK employees blocked the entrance to the party headquarters in central Athens to demand four months in unpaid wages, drawing attention to PASOK’s dire finances.

Traditional store owners in Athens are trying to boost sales by working together to offer new services.

Greece’s technocrat prime minister, Lucas Papademos, moved two government ministers on Tuesday, in a mini cabinet reshuffle unlikely to affect the debt-laden country’s efforts to a

Greece warned private bondholders thinking of rejecting the offer for a debt restructuring deal not to do so as Athens edged closer on Monday to securing the level of participation