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Papademos meets with the Troika and the political leaders are postponed for tomorrow

Representatives of state creditors want to cut military spending by 400 million Euros over the next two years and to reduce healthcare costs by 1.1 billion Euros. Nobel laureate Paul Krugman: "Most likely Greece will exit the Euro".

Discussions between the Greek government and the supervisory Troika have drawn a blank

GRReporter | 22:25 | 03.02.12 |

Oil fields in the Gulf of Patras reach 200 million barrels

GRReporter | 14:23 | 04.02.12 |

Private creditors bind the PSI with the negotiations for the new bailout

GRReporter | 14:34 | 02.02.12 |

Leave banks private, insists Alpha Bank

GRReporter | 22:19 | 02.02.12 |

Passenger fleet sinks under the pressure of crisis

GRReporter | 16:07 | 02.02.12 |

Top managers are pessimistic about the future of Greece

93% do not believe that the government is able to cope with the economic crisis, the lack of fresh money on the market and excessive taxes are the...

GRReporter | 15:01 | 31 01 12 |

The cost of living in Greece remains high despite the crisis

Whole grain foods, beverages, washing powders and personal care products cost significantly more than in the UK, Germany or Bulgaria, as shown by the...

GRReporter | 17:02 | 01 02 12 |

Insurance companies have found a way to cope with the damages caused by PSI

In the last two years, they gradually repaid the damages from the devaluation of the Greek bonds, some sold many of the bonds they were holding,...

GRReporter | 14:01 | 30 01 12 |

The merger of Alpha Bank and Eurobank EFG is postponed

The two major Greek private banks will not merge before the end of the PSI procedure, the first bank announced. There are no grounds for delaying the...

GRReporter | 17:01 | 30 01 12 |

Greece is tenacious when it comes to the salaries and the budget commissioner

The country is ready after all to privatize some enterprises and also to create some off-shore areas in order to attract investments. None of the...

GRReporter | 21:01 | 29 01 12 |

Dark roads of fuels mafia on the Balkans

According to unofficial data, the Greek state is losing billions of euro in fuel smuggling. According to senior government officials, there is a...

GRReporter | 16:01 | 30 01 12 |

Greek political leaders do not agree to the suggestions of the Troika

In the country there is no consensus upon the terms for the new rescue package of 130 billion euro, the government is discussing the possibilities...

GRReporter | 13:01 | 29 01 12 |

Creditors finally pushed Greece to the wall to make reforms

A sharp reduction in the private sector wages to the levels of Spain and Portugal, the dismissal of 150,000 employees in the public sector and...

GRReporter | 14:01 | 28 01 12 |

"Some" progress in the negotiations for the Greek PSI

New meeting of the Executive Director of the Institute of International Finance Charles Dallara with Prime Minister Lucas Papademos, the shares of...

GRReporter | 14:01 | 27 01 12 |

Negotiations on PSI continue today

Both parties report a convergence of positions, on Monday, Finance Minister Evangelos Venizelos has to inform his counterparts from the eurozone on...

GRReporter | 14:01 | 20 01 12 |

The licences of private providers of electricity in Greece have been revoked

The Public Power Corporation DEI "pulled the plug" of Energa and Hellas Power for liabilities to the amount of 27 million euro. Private companies, in...

GRReporter | 23:01 | 24 01 12 |