A failed escape attempt by five inmates at Athens’s maximum security prison, Korydallos – which resulted in several guards being held hostage – ended Monday night.

Bulgarian Deputy Prime Minister and Finance Minister Simeon Djankov announced on Thursday that Bulgaria was pulling out of the Burgas-Alexandroupoli oil pipeline project

British bookmaker William Hill offered odds of 3/1 that the euro will cease to exist by the end of 2012.

Former French President Valery Giscard d’Estaind believes Athens should consider leaving the single euro currency.

The market is on the verge of a credit crunch as liquidity is close to drying up and banks are paying dearly to hold on to deposits.

The country’s broad coalition government approved on Wednesday a tough budget for 2012, foreseeing spending cuts and a tax crackdown aimed at raising the revenue to prop up the fou

Police arrested this week another five entrepreneurs, in Attica, Thessaloniki and Rhodes, suspected of withholding a total of 2.74 million euros in value-added tax from the state.

With 17 sessions left until the end of the year, the Athens bourse is by far the stock market with the biggest losses in the world during the first 11 months of the year.

Turkey talkes a “Taiwanese-style” diplomatic step to help drive Cypriot reunification talks resuming on Monday.

Occupy movement mistaken in targeting banks says former minister