A looming political crisis in Greece over the shock shutdown of state broadcaster ERT comes to a head on Monday, with Prime Minister Antonis Samaras meeting his coalition allies to see if the government can survive. Samaras, a conservative, has called a meeting for 1630 GMT with the leaders of…
Greek Prime Minister Antonis Samaras on Saturday promised his recession-weary nation that there would be “no more austerity measures” as international creditors prolonged an audit of crisis reforms. “There will be no more austerity measures,” Samaras said in a televised speech to his conservative party’s political committee. “And as soon…
Anti-austerity protests Wednesday clogged Athens as the government struggled to finalise additional cutbacks with its creditors and sought to jumpstart a privatisation drive delayed for months. Some 2,000 teachers, hospital doctors and municipal staff demonstrated against a new round of state salary cuts and job losses expected by October, with…
Greece’s prime minister was expected to press for more time to make key reforms and spending cuts to keep his debt-wracked country in the eurozone at crisis talks Friday with Chancellor Angela Merkel. Antonis Samaras kicks off a two-day trip to Berlin and then Paris with Greece’s future in the…
The Greek recession this year could be much worse than expected, with the economy shrinking by “more than seven percent,” Prime Minister Antonis Samaras said Tuesday. The central bank has previously estimated that the economy, now in its fifth year of recession, would shrink by 4.5 percent in 2012. Samaras…
Greece raced to form a coalition with broad support by the end of Monday after an election victory by pro-bailout parties which eased fears of a Greek eurozone exit and brought relief to world markets. “There is a categorical imperative to form the government” today, President Carolos Papoulias before giving…