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By Nathan Morley Nicosia 27 August 2007 As forest fires continued to sweep through large areas of Greece, the government, in Athens, announced the arrests of seven more people suspected of starting some of the fires. The blazes have killed at least 6
By Nathan Morley Nicosia 28 August 2007 Forest fires continue to rage in Greece's mountainous southern peninsula of Peloponnese. At least 63 people have died in the blazes, which are now in their fifth day. Police have charged seven people with arson
Gloom Creeps Across Europe as Greece, Others Struggle Another day, another protest in Greece, where anger is giving way to hopelessness. It is unfair, it is a mistake, to put an end to social support in Greece, because this will end up being applied
With the European Union demanding more spending cuts from Greece in return for billions of dollars in bailout funds, doubts are growing over whether more austerity is the right solution for Athens. Some analysts and politicians suggest that a once wo
The European Union's top economic official says he expects eurozone finance ministers to sign off on the payout of $17 billion in aid for Greece on Sunday and decide on a new bailout in July. The news comes on the heels of the prime minister of Greec
The Greek government is moving toward restructuring its debt and could soon win approval for another $85 billion or more in international financing. News agencies reported on Tuesday that a year after Athens arranged a $158 billion bailout, the debt-
Eurozone finance ministers are again telling Greece that the next vital loan installment is only payable when the Greek parliament passes economic reforms. The ministers ended their meeting early Monday in Luxembourg with no final agreement on the ne
Greek Prime Minister George Papandreou is now pushing for approval of unpopular austerity measures that are aimed at securing emergency international bailout funds to keep the country from defaulting on its debt. Earlier Wednesday, Papandreou survive
Stock markets rallied Friday after European Union leaders agreed on a new bailout for Greece, provided that Athens commits to more austerity measures. But the Greek deal fails to address fundamental problems threatening the future of the 17-member eu
Greece has sworn in a senior judge as the country's new caretaker prime minister. Council of State head Panagiotis Pikrammenos was appointed Wednesday after major political parties failed to form a coalition government following several attempts to b
ATHENS, Dec. 7 (Xinhua) -- Greek finance ministry officials appeared confident over the outcome of the debt buyback plan shortly before the Friday evening deadline, expressing optimism that targets set would be reached and the country's debt burden w
Greece has started a second round of talks with international creditors on its precarious financial plight, as there are new warning signs throughout Europe about the fallout from the continent's debt contagion. Finance Minister Evangelos Venizelos t
With its economy crumbling, Greece has decided to ask its European neighbors for a two-year extension to 2016 to carry out its latest austerity program. New Greek Prime Minister Antonis Samaras plans to travel to Paris and Berlin next week to meet wi
Greece says its recession is deepening and will present alarming information about the state of the country's economy this week to international auditors in a new effort to ease the terms of the government's latest bailout. Government spokesman Simos
Greek voters will cast ballots Sunday in the second parliamentary election in the past six weeks. Observers worldwide will be watching the poll which is seen as a referendum on the euro currency. Greek soup kitchens reflect the growing poverty in the
Greece is nearing its goal of getting the country's private lenders to eliminate $142 billion of the country's debt to help it avoid a default on its financial obligations later this month. A government official told news agencies Thursday in Athens
Greece and Spain faced new pressure Tuesday from the European debt crisis. The European Union bluntly told the Athens government it would not receive its next $11 billion installment from last year's bailout unless its fractious political leaders sig
The International Monetary Fund has approved a new $36 billion loan for debt-ridden Greece, despite misgivings about the country's economic performance with a previous loan. The board of the Washington-based IMF on Thursday adopted a proposal by its
ATHENS, Oct. 27 (Xinhua) -- A new deal reached early Thursday at the European Union summit in Brussels to tackle the Greek debt crisis and avert contagion across the eurozone was met with mixed reactions in Greece. Opposition political parties, media
Greece is predicting that its budget deficit will decrease sharply next year, even as its economy continues to contract and unemployment increases. The interim Greek government unveiled its 2012 austerity budget to Parliament Friday. It says the spen