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Greece

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Europe expresses doubt for Greece recovery

European leaders have expressed their concern and are skeptical that Greece can recover from the crisis.

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Unions and employers reject govt wage cuts

Employers and labor unions found some common ground during the first day of wage talks neither side is willing to agree to Papademos’s suggestion that private sector workers’ salar

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Hellas Power, Energa have licenses revoked

DESMIE, Greece’s electricity grid operator, suspended on Tuesday the power trading contracts and supply licenses of Hellas Power SA and Energa SA, the country’s energy regulator RA

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Simitis condemns Papandreou government

The Papandreou government was ill prepared when they signed the memorandum with the EU and as a result of that more problems were created for embattled Greece than those solved, ac

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Winter sales off to slow start

The winter sales got off to a sluggish start in their first week for the most part, with traders noting a sense of weariness on the part of consumers.

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Construction activity drops dramatically

Greek public and private building activity, measured by the number of permits issued, fell almost 8 per cent in September from a year earlier, the Hellenic Statistical Authority sa

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Thessaloniki extortion gangs smashed

The suicide of a Thessaloniki businessman last year led to the unraveling of four extortion gangs and the arrest of 53 suspects

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Welfare benefits on government’s radar

All welfare benefits currently granted by the state are set to be scrutinized by officials at the Health Ministry in the coming months.

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Rate cuts for ancient sites

The Acropolis, Greece’s star attraction for 2,500 years, may be preparing for a bigger role

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English law set to rule new Greek bonds

“The request from our creditors, that the new bonds be governed by English law has not been accepted,” Prime Minister Lucas Papademos declared.

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