Greek News

Greece Crisis Threatens To 'Open Door To Hell'

May 20th, 2012 at 11:09am Under Greek News

Greece's former finance minister has told Sky News that if Greece reneges on its bailout deal with the EU and the IMF it will "open the door to hell".Sky News last interviewed George Papaconstantinou …

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Window to Keep Greece in Euro Closing

May 20th, 2012 at 11:00am Under Greek News

Greece's exit from the euro is not a done deal, but the chances of it staying in the common currency are getting slimmer by the day.

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G8 leaders back Greece amid tensions

May 20th, 2012 at 10:42am Under Greek News

G8 leaders said they want debt-stricken Greece to stay in the eurozone at a Camp David summit as the group papered over deep-seated divisions about how best to tackle the eurozone crisis.

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Greece needs austerity says Germany

May 20th, 2012 at 06:49am Under Greek News

Germany's Finance Minister Wolfgang Schaeuble says Greece must abide by its austerity deals.

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Europe on journey to the unknown if Greece exits

May 20th, 2012 at 06:13am Under Greek News

As investors and European leaders big and small tot up the potential cost of Greece departing the euro, the European Union too stands perilously close to meltdown after six decades in the making.

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G8 backs Greece, papers over tensions

May 20th, 2012 at 06:13am Under Greek News

G8 leaders expressed their wish to see Greece stay in the eurozone at a Camp David summit as the group papered over deep-seated divisions about how best to tackle the eurozone crisis.

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Greece Crisis Threatens To 'Open Door To Hell'

May 20th, 2012 at 02:55am Under Greek News

Greece's former finance minister has told Sky News that if Greece reneges on its bailout deal with the EU and the IMF it will "open the door to hell".

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Greece 'needs austerity programmes'

May 20th, 2012 at 01:51am Under Greek News

German Finance Minister Wolfgang Schaeuble said cash-strapped Greece needed to implement EU and IMF-imposed austerity measures as European solidarity was "not a one-way street."

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World leaders back Greece, vow to combat financial turmoil

May 20th, 2012 at 12:28am Under Greek News

CAMP DAVID, Maryland (Reuters) – World leaders backed keeping Greece in the euro zone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe's debt crisis. A summit of the G8 leading industrialized nations came down solidly in favor of a push to balance European austerity – an approach long driven by …

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G-8 Says Greece Should Stay in Euro as Differences Linger

May 19th, 2012 at 08:11pm Under Greek News

Leaders from the Group of Eight nations pushed for Greece to stay in the European single currency and to fulfill its cost-cutting commitments even as broad differences persist on growth and austerity policies.

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