Tag Archives: greece

Greece Wants More Time to Adhere to Reform Demands

  BERLIN – Greek Prime Minister, Antonis Samaras, wants international lenders to give his country more time to adhere to reform demands. According to him, the extension will aid Greece’s economy get back in shape. He will meet with the head of the Eurogroup, Jean-Claude Juncker, French President François Hollande Read On..

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Greek Prime Minister Samaras Prepares for European Leaders’ Meeting

ATHENS, Greece – Greek Prime Minister, Antonis Samaras, will have his first meeting with the leaders of the Euro block next week, attempting to assure other European leaders that Greece will fulfill the promise of greater austerity and lower its debt if the EU can give more time for his Read On..

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Greece Struggles to Keep their Economy Afloat

  ATHENS – The coalition government of Greece applied for a bridge loan to cover their financial needs until September. Meanwhile, they are also trying to recover $11.7 billion in spending and this has prompted them to think up of a rescue plan to appease international lenders and exasperated investors. Read On..

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Greece Desperate for EC and IMF Help

BERLIN – German Economic Minister Philipp Rösler warned Friday that the Troika is exhausting his patience concerning the Government of Greece and the implementation of reforms to stabilize the country’s finances. The Troika is the supervisory committee composed of representatives of the European Commission (EC), European Central Bank (ECB), and Read On..

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Cyprus Expects Help to Come in the Coming Weeks

NICOSIA, Cyprus – Cyprus officials hopes to complete the financial aid talks with their counterparts from the EU over the next three weeks. Results of the talks will urge future creditors to be lenient with the country, after the experience with the rescue of Greece. Last June 24, the Mediterranean Read On..

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Microsoft Office in Greece Suffers from Bomb Attack

  ATHENS – Unknown people attacked the offices of Microsoft in Athens in the early hours of Wednesday. Police said a van smashed against the front door of the establishment and a bombing device that burned part building’s façade was detonated. No injuries were reported because of the attack took Read On..

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Greece is Optimistic about Debt Swap

ATHENS, Greece – Major banks and pension funds have expressed support for the bond exchange offer for Greece’s private creditors, making it very likely that the agreement will succeed and pave the way for a rescue package to avoid an immediate cessation of payments. With the deadline for acceptance of the Read On..

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