News about Greece

Football: Austerity bites for Greek football

New austerity measures to be voted on by Greek lawmakers on Wednesday are expected to deal a further financial blow the country's football teams as fans find it increasingly difficult to pay for tickets.
07 November 2012 15:30

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 14:05

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 10:43

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 14:00

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 10:23

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 12:56

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 14:56

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 14:22

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 16:39

Exchange Rates

 485.31   550.55   6.44 

 

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