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Greek prime minister’s mother sues over claims son held millions in off-shore account

Former Greek Prime Minister George Papandreou speaks during the Council of the Socialist International in Cascais on February 4, 2013. (AFP)

The mother of former Greek prime minister George Papandreou has sued financial investigators and three newspapers over claims she held a 550-million-dollar Swiss bank account, a judicial source said Wednesday. Margaret Chadd, 90, accuses the weekly edition of To Vima and scandal-prone Proto Thema and Dimokratia of falsely claiming she…

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Greek Prime Minister says no more austerity

Greece's New Democracy leader Antonis Samaras via AFP

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…

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Europe could be in worst hour since WW2: Merkel

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LEIPZIG, Germany (Reuters) - German Chancellor Angela Merkelsaid on Monday that Europe could be living through its toughest hour since World War Two as new leaders in Italy and Greece rushed to form governments and limit the damage from the eurozone debt crisis. A rally on financial markets sparked by the appointment of respected European technocrats…

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