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Unemployment 30 mn higher than before crisis: ILO There are now 30 million more people without jobs around the world than before the global financial crisis began, the head of the International Labour Organization said.

12 October 2012

IMF wants to give Greece two more years The International Monetary Fund is happy for debt-battered Greece to have an extra two years to bring its runaway deficit in line with the demands of global creditors.

12 October 2012

Merkel's Athens visit chance to ease tension German Chancellor Angela Merkel's visit Tuesday to debt-strapped Greece may provide a chance to ease tensions born of the economic crisis.

10 October 2012

Slovak PM says eurozone will not survive in current form The eurozone is unlikely to survive in its current form and one or more countries will probably have to leave the 17-nation single currency bloc, Slovakia's Prime Minister Robert Fico said Sunday.

01 October 2012

Greek PM stresses urgency of austerity deal Greek Prime Minister Antonis Samaras stressed the urgency of sealing an austerity pact ahead of crucial talks Monday between Greek officials and the so-called troika of international creditors.

01 October 2012

Greek prisons groaning under austerity cuts Austerity cuts imposed in Greece have created an explosive situation in the country's overcrowded prisons, where sanitation and food services are in disarray, insiders warn.

29 September 2012

Delays have left Greece with finance gap: Lagarde International Monetary Fund chief Christine Lagarde said Monday that delays in implementing Greece's bailout program, including privatization, have expanded the country's financing shortfall.

26 September 2012

Kazakhstan national injured in bus accident in Greece A Kazakhstan citizen was among Russian tourists injured in a disastrous bus accident in Greece.

17 September 2012

Merkel: 'every day' counts for Greece's austerity steps German Chancellor Angela Merkel on Sunday warned that "every day" counts in efforts by debt-wracked Greece to comply with its commitments and safeguard its eurozone membership.

28 August 2012

Greek PM in crisis talks with Merkel Greece's prime minister was expected to press for more time to make key reforms and spending cuts to keep his debt-wracked country in the eurozone at crisis talks Friday with Chancellor Angela Merkel.

24 August 2012

Berlin douses hopes of quick euro crisis fix Germany on Monday dampened hopes for powerful action from the European Central Bank to fix the euro crisis and slapped down speculation of an immediate breakthrough on debt-wracked Greece.

21 August 2012

Greek euro exit 'manageable' but expensive: ECB A Greek exit from the eurozone would be "manageable" even if it would be expensive and result in higher unemployment.

20 August 2012

S&P cuts Greek outlook to 'negative' Standard & Poor's cut Greece's debt rating outlook to negative Tuesday, saying the worsening economy and political challenges could soon force another downgrade.

08 August 2012

Greece and the Olympics: wishing for a ray of hope Eight years after hosting the Olympic Games in the country where they were born, Greeks seem more interested in finding out if there will be light at the end of their dismal economic tunnel.

07 August 2012

Markets panic as eurozone faces turbulent summer The world market panic that started the week looked all too familiar: an alarming reminder of last summer's financial storm brought on by the eurozone debt crisis.

24 July 2012

Basketball: Euroleague Champion to be capped for Astana team Kazakhstan Basketball Club Astana has signed a contract with Andreas Glyniadakis, Euroleague champion.

13 July 2012

New Greek government wins confidence Greece's coalition government breezed through a largely symbolic confidence vote late Sunday, winning the tough mandate of tackling a two-year-old crisis and keeping the country safely in the eurozone.

09 July 2012

New Greek government pins hopes on privatisations Greece's new government formally takes office this week and looks set to push privatisation so as to win favour and funds from EU-IMF creditors who are inspecting the country's strained finances.

06 July 2012

Recovering Greek leader faces crucial audit Ailing Greek Prime Minister Antonis Samaras must face a crucial audit by Greece's creditors this week and may be tempted to push a change of rescue terms more in line with what was recently offered Spain.

02 July 2012

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