Showing Archived Posts

Greek Leaders Push for Cuts; Anguish on the Streets

Posted February 11th, 2012 at 11:15 am (UTC-5)
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Greek leaders are issuing new pleas – and warnings – ahead of a crucial vote that will determine whether Europe comes to the rescue with another bailout loan. Socialist party leader George Papandreou and New Democracy Party leader Antonis Samaras Saturday urged lawmakers to back the latest round of budget cuts, saying there is no […]

Tags: , , , , Posted in Europe

Greece “Close” to Debt Swap Deal

Posted January 28th, 2012 at 5:00 pm (UTC-5)
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Greece and its private investors say they are close to a deal that would significantly reduce the country’s debt and save it from bankruptcy. Negotiators for the Institute of International Finance, Charles Dallara and Jean Lemierre, met with Greek Prime Minister Lucas Papademos and Finance Minister Evangelos Venizelos for three consecutive days in Athens. Venizelos […]

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Famed Greek Director Theo Angelopoulos Killed During Movie Filming

Posted January 24th, 2012 at 6:40 pm (UTC-5)
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Award-winning Greek film director Theo Angelopoulos died Tuesday after being hit by a motorcycle while filming scenes on his latest movie. Angelopoulos was rushed to an Athens hospital where he died hours later of head injuries. He was 76 years old. The motorcyclist was an off-duty policeman. Angelopoulos was Greece’s most honored contemporary director, winning […]

Tags: , , Posted in Europe

Greek Archaelogical Sites May Open to Advertisers to Ease National Debt

Posted January 18th, 2012 at 1:25 am (UTC-5)
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The Greek Culture Ministry said Tuesday it is making it easier to rent some of the nation’s most iconic archaeological sites for filming and photography for advertisers and other ventures. The ministry says the money raised would help maintain and protect the sites. The new plan would allow for greater access to the ancient Greek […]

Tags: , , , Posted in Economy, Europe

Greek Archaelogical Sites May Open to Advertisers to Ease National Debt

Posted January 18th, 2012 at 1:10 am (UTC-5)
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The Greek Culture Ministry said Tuesday it making it easier to rent some of its most iconic archaeological sites for filming and photography for advertisers and other ventures. The ministry says the money raised would help maintain and protect the sites. The new plan would allow for greater access to the ancient Greek ruins. Until […]

Tags: , , Posted in Europe

Greece, Israel Pledge to Expand Military Cooperation

Posted January 10th, 2012 at 1:55 pm (UTC-5)
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The defense ministers of Greece and Israel have pledged to expand already strong military and security cooperation. Greece’s Dimitris Avramopoulos and Israel’s Ehud Barak announced the pledge after holding talks Tuesday in Athens. Avramopoulos stressed that cooperation between Greece and Israel is not aimed at any other country. He said the deepening bilateral ties are […]

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Yilmaz Denies Turkish Involvement in Greek Forest Fires

Posted December 27th, 2011 at 3:15 pm (UTC-5)
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Former Turkish Prime Minister Mesut Yilmaz has denied reports in a Turkish newspaper that implied his country’s government had a part in forest fires that hit Greece in the mid-1990’s. The article said that Mr. Yilmaz claimed another former Turkish prime minister used discretionary funds allocated for security to set Greek forests on fire. He […]

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World Court Rebukes Greece for Blocking Macedonia’s NATO Membership

Posted December 5th, 2011 at 5:10 pm (UTC-5)
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Greece has been rebuked by the U.N.’s high court for blocking Macedonia’s bid to join NATO in 2008 over the long-running dispute by the former Yugoslav republic’s use of the name “Macedonia.” Monday’s ruling by the International Court of Justice in the Hague does not settle the dispute but adds weight to the Skopje government’s […]

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Biden: US in ‘Solidarity’ With Greece as it Tackles Financial Crisis

Posted December 5th, 2011 at 11:50 am (UTC-5)
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U.S. Vice President Joe Biden has promised U.S. support for Greece at the start of a crucial week for the future of Europe’s debt-saddled common currency, the euro. Speaking in Athens Monday, the visiting U.S. vice president said Washington stands in solidarity with Greece as it works to meet challenging financial standards set by the […]

Tags: , Posted in Economy, Europe

Greece Set for Day-Long Anti-Austerity Strike Thursday

Posted December 1st, 2011 at 3:35 am (UTC-5)
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A 24-hour anti-austerity strike in Greece Thursday is expected to disrupt public transportation, close schools,and reduce staffing at hospitals. The strike, which will include protest rallies by unions in the capital, Athens, represents the first challenge for the three-week-old coalition government of new Prime Minister Lucas Papademos. Late Wednesday, Mr. Papademos’ staff released a letter […]

Tags: , Posted in Economy, Europe

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