As global stock markets have plummeted in the last few days, both Greece and South Korea have banned the short-selling of securities - the attempt by some investors to make money by betting that their holdings will decrease in value. Monday, Greece o...
Stock markets rallied Friday after European Union leaders agreed on a new bailout for Greece, provided that Athens commits to more austerity measures. But the Greek deal fails to address fundamental problems threatening the future of the 17-member eu...
Greek Prime Minister George Papandreou is now pushing for approval of unpopular austerity measures that are aimed at securing emergency international bailout funds to keep the country from defaulting on its debt. Earlier Wednesday, Papandreou survive...
Eurozone finance ministers are again telling Greece that the next vital loan installment is only payable when the Greek parliament passes economic reforms. The ministers ended their meeting early Monday in Luxembourg with no final agreement on the ne...
The European Union's top economic official says he expects eurozone finance ministers to sign off on the payout of $17 billion in aid for Greece on Sunday and decide on a new bailout in July. The news comes on the heels of the prime minister of Greec...
The Greek government is moving toward restructuring its debt and could soon win approval for another $85 billion or more in international financing. News agencies reported on Tuesday that a year after Athens arranged a $158 billion bailout, the debt-...
Greek firefighters are facing another day battling wildfires still threatening areas north of Athens. Thousands of residents of the capital's northern suburbs were forced to leave their homes as dozens of houses and large areas of forest were burnt....
By Nina Maria Potts Athens 05 September 2007 spared by the recent wildfires. But as the government takes stock of the human and economic cost of the wildfires that ravaged large parts of the country, the question of how many archaeological sites hav...
By Nathan Morley Nicosia 28 August 2007 Forest fires continue to rage in Greece's mountainous southern peninsula of Peloponnese. At least 63 people have died in the blazes, which are now in their fifth day. Police have charged seven people with arson...
By Nathan Morley Nicosia 27 August 2007 As forest fires continued to sweep through large areas of Greece, the government, in Athens, announced the arrests of seven more people suspected of starting some of the fires. The blazes have killed at least 6...