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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 |

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 |

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

GRReporter | 21:30 | 29.01.12 |

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 |

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 |

Dramatic turn in the negotiations for the Greek PSI

Charles Dallara left for Paris, Evangelos Venizelos will go to the Eurogroup meeting on Monday without an agreement, the contacts between both...

GRReporter | 17:01 | 21 01 12 |

PSI negotiations continue in Athens today, contradictions remain

The Executive Director of the Institute of International Finance Charles Dallara arrives for the final round of talks with Prime Minister Lucas...

GRReporter | 15:01 | 26 01 12 |

The final agreement on the Greek PSI will be on Saturday

Executive Director of PIMCO Bill Gross insists that the European Central Bank should also cut a part of the nominal value of the Greek bongs it owns,...

GRReporter | 16:01 | 21 01 12 |

The lack of a new ideology will turn the economic crisis into a catastrophe

The journalist Stavros Lygeros and his followers gave their insight on the development and pathogens of Greek society and economy that have led to...

GRReporter | 17:01 | 19 01 12 |

Markets expect Greece to default

Another evening meeting of Prime Minister Lucas Papademos with the representative of private creditors and head of the Institute of International...

GRReporter | 20:01 | 19 01 12 |

Cutting wages in Greece is inevitable, says Reichenbach

In the early years of the crisis, the cost of labour managed by trade unions was seriously overestimated. Greece must reduce the wages until the...

GRReporter | 23:01 | 19 01 12 |

The Troika comes and protests in Athens revive

The supervisors expect the cost of salaries in the private sector to be cut to improve the competitiveness of production but the Greeks do not agree...

GRReporter | 23:01 | 16 01 12 |