Greece faces new black hole in finances amid rising tensions with creditors Greek finance minister Yannis Stournaras prepares for dressing down in Brussels over evidence of resistance to reforms.
Nigel Farage becomes popular in Greece after outburst against the PM Ukip leader claims he received deluge of support after giving Antonis Samaras a dressing down in European parliament.
Austerity measures push Greek universities to point of collapse University of Athens faces ‘most serious crisis in its history’ and suspends operations because of cuts, while others follow suit.
FTSE falls for third day to seven week low on takeover tales and Greek woes Leading shares hit by corporate and eurozone worries, as well as continuing central bank concerns.
Greek coalition in disarray after state broadcaster’s closure Greece takes draconian move to show government is serious about meeting bailout austerity measures.
EU criticises the establishment’s failure to deal with violence in a country suffering from effects of harsh budget cuts It wasn’t just that their symbols looked like swastikas. Or that thousands of Greek flags filled the marble square beneath the Acropolis. Or that they were marking the 560th anniversary of the fall of Constantinople. It […]
Eurogroup will decide today whether to approve aid tranches for Greece and Cyprus, after seeing fresh anti-austerity protests in Spain over the weekend Graeme Wearden
Finance minister reportedly lashed out at mission chiefs from EU, ECB and IMF as pressure builds over next repayments Almost three years after Greece narrowly avoided bankruptcy with its first bailout from the EU and IMF, the country’s relations with its international creditors have taken an unexpected turn for the worst. The Greek prime minister […]
Body overseeing debt-stricken country’s privatisation drive says it has raised £41.1m from selling four diplomatic properties A small corner of Notting Hill is to play a part in reducing Greece’s debt mountain, following the sale of the luxury home of the Greek consul for £23.3m. The 8,700sq ft Victorian villa in west London has nine […]
International creditors told that mass layoffs out of the question with unemployment at European high of 27% Greece was heading for a full-on collision with its international creditors on Sunday as Athens’ uneasy coalition, struggling to meet the onerous terms of the country’s latest bailout, ruled out layoffs in the public sector. Flying into the […]