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Greece

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Demands for pay back rejected

Greece’s main political parties this week, came out in opposition of an attempt by former MPs to claim back pay and pension benefits even though most of the ex-deputies represented

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Aus ambassador awards Cretan students in Greece

Jenny Bloomfield, Australia’s Ambassador to Greece recognised the achievements of four high school students from Crete who excelled in their schooling for the year.

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PM hopes for EU lifeline

Greece was going into Friday’s European Union leaders’ summit looking for a unanimous decision on fiscal governance.

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Dead whales found washed up in Corfu

At least ten dead whales have been found washed up on Corfu beaches in recent days.

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Hostage crisis Korydallos prison ends peacefully

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.

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Bulgaria pulls out of Burgas-Alexandroupoli pipeline

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

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Drachma return not against the odds

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

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Greeks should consider euro exit

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

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Bank interest rates are soaring

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.

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Parliament passes tough budget

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

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