Greek Economy Continues to Slump – Greece’s economy remained mired in a deep recession, the latest data showed Tuesday, underscoring the myriad challenges the country’s new coalition government faces as it scrambles to secure fresh aid and begins talks on a controversial plan to slash Greece’s debt mountain. According to the national statistics service, the [...]
Greece to get New Prime Minister – Greek leaders are due to agree the name of a new prime minister to lead a unity government until fresh polls are held. The deal came after Prime Minister George Papandreou agreed to stand down. It followed days of upheaval caused by his decision – now revoked – [...]
Tags: Greece, Prime Minister
Posted in Politics, World
Greek Opposition Wants Early Election – Antonis Samaras, the leader of the New Democracy party, said in a statement: “The mask has fallen. Papandreou has rejected our proposals and he must take responsibility for that. Elections are now the only answer.” Papandreou won a nail-biting confidence vote in parliament early Saturday after vowing to start [...]
IMF Releases More Money for Greece – The IMF said Athens was making “some progress” in reforms, and predicted the country would return to positive economic growth in the first half of 2012. The newest release of the IMF’s part in the three-year, 110 billion euros ($147.45 billion) EU-IMF bailout came as Europe’s leaders and [...]
Greece Needs Second Bail Out – Ratings agencies downgraded Greece as news spread it required a second bail out package from the European Union. Officials said the European Union was also looking to lower interest rates on rescue loans to Ireland within weeks and eyeing easier bailout terms for Greece as the common currency area [...]
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