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Greece

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Schengen membership wavering at present

Greece’s efforts to tackle illegal immigration are still being monitored by European authorities.

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Papandreou ready to go

As the idea of a referendum gets scrapped, Papandreou prepares to abandon leadership.

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Budget deficit at 19.161 billion euros

The Greek state budget deficit totalled 19.161 billion euros in the January-September period.

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Referendum for Greece

Greece will go to a referendum on December 4 to decide whether they want to stay in the eurozone or go back to the drachma.

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Crises forces boutique owner to turn robber

The economic crisis and the increasing dire financial straits of his own business prompted a 44-year-old Glyfada boutique owner to turn robber.

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Brussels to kickstart projects

Major construction projects in Greece are in for a lifeline as the European Commission intends to allow the disbursement of community resources as guarantees for the funding of the

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State firms to save 500 million euros

The government aims at saving some half a billion euros from state corporations next year by reducing their spending by 14 per cent and increasing their revenues by 10 per cent.

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Banks fined for withholding salaries

Three banks will need to pay combined fines of 260,000 euros as the General Secretary for Consumers found them guilty of breaking the law in withholding the salaries paid to accoun

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Greece ready to provide assistance to Turkey

Greece is prepared to provide all possible assistance to the Turkish authorities, foreign minister Stavros Lambrinidis told his Turkish counterpart Ahmet Davutoglu, following the d

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50% cut offers new dawn

Euro zone leaders struck a deal with private banks and insurers on Thursday for them to accept a 50 per cent loss on their Greek government bonds under a plan to lower Greece’s deb

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