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  • Greek PM Hails Achievement of Bond Swap Deal With Lenders

    Greek Prime Minister Lucas Papademos has hailed the success of the bond swap deal with private lenders to keep the country solvent. During a speech on state television Friday, Papademos said, for the first time, Greece is not adding, but taking debt...

  • Greek Cabinet Mulls Austerity Mandates

    Greek cabinet members are discussing how best to implement a series of budget cuts and other austerity measures that have already sparked rioting in the streets. The officials gathered Saturday in Athens, facing several difficult choices. The austeri...

  • Greek cabinet approves supplementary austerity package

    ATHENS, Feb. 18 (Xinhua) -- The Greek cabinet approved on Saturday evening a final supplementary austerity package to secure further international financing next week to avoid bankruptcy in March. During the euro group meeting on Monday the discussio...

  • Greeks Rally Ahead of Bailout Vote

    Thousands of Greeks have taken to the streets of Athens to protest severe austerity measures as eurozone ministers prepare to vote on a new $171 billion bailout for the debt-crippled nation. As the demonstrators marched, Greek Prime Minister Lucas Pa...

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