Account
Greek political parties meeting on Tuesday said they expected to form a coalition government soon and then seek concessions to the painful austerity measures tied to the international bailout deal keeping the country from bankruptcy.Conservative New Democracy leader Antonis Samaras, the winner of Sunday's election, has promised to negotiate easier terms for Greece, backed by likely coalition partner Evangelos Venizelos, head of the Socialist PASOK party."Greece must and will have a government as soon as possible," Venizelos said after a meeting with Fotis Kouvelis, head of the small Democratic Left party as part of talks to form a cross-party government with New Democracy."There is a need to form a national negotiating team that will deal with revision of harsh terms of the bailout deal."However, hopes that the government may be in place by the end of the day appeared to fade after Kouvelis, whose party opposed the bailout deal in the election campaign, said several points still needed...
FOX Business: The Power to ProsperThe markets were in the green as traders focused on a round of positive economic data, relatively upbeat headlines from Europe and ...
FOX Business: The Power to ProsperStock-index futures rallied on Thursday following the worst selloff in months after positive developments from Europe and a round o...
Lucas Papademos, a former vice president of the European Central Bank , on Thursday was named the new prime minister of Greece, following several days of negotiation...
Greek Prime Minister George Papandreou and opposition leader Antonis Samaras discussed late on Wednesday the possibility of former ECB Vice President Lucas Papademos...
For weeks global stock markets have surged up and down on news out of beleaguered Greece.Fears that Greece will have to default on its massive 350 billion euro debt ...
For weeks global stock markets have surged up and down on news out of beleaguered Greece.Fears that Greece will have to default on its massive 350 billion euro debt ...
A deal on forming a Greek national unity government collapsed on Wednesday as the country headed towards an economic abyss, hours after outgoing Prime Minister Georg...
Greek party leaders have agreed on house speaker Filippos Petsalnikos to head the country's new coalition government, barring any last-minute changes, sources from t...
Greek party leaders have agreed on house speaker Filippos Petsalnikos to head the country's new coalition government, barring any last-minute changes, sources from t...
Greece will implement its latest bailout plan and do whatever it takes to remain in the euro, outgoing Greek Prime Minister George Papandreou said in a television ad...
By Barry Moody and Harry PapachristouItalian Prime Minister Silvio Berlusconi lost his parliamentary majority on Tuesday after his reform-shy government's borrowing ...
Financial markets held their breath on Tuesday as Italian Prime Minister Silvio Berlusconi's reform-shy government teetered on the brink and debt-crippled Greece's l...
Greece's citizens' protection minister, Christos Papoutsis, resigned on Monday to run for the leadership of the socialist PASOK party headed by former prime minister...
Here is a look back at Greece's financial crisis since a deal with the European Union and International Monetary Fund was sealed in 2010.May 2, 2010 - Prime Minister...
Greek party leaders finally gathered on Wednesday to agree a reform deal in return for a new EU/IMF rescue to avoid a chaotic default, after repeated delays which ha...
The International Monetary Fund stepped up pressure on Greece on Wednesday, saying promised reforms were behind schedule in most areas and the delays were stalling r...
Greece's new government took a first step on Friday towards meeting terms of an international bailout needed to avoid bankruptcy by submitting a budget draft that fo...
German Chancellor Angela Merkel said on Monday that Europe could be living through its toughest hour since World War Two as new leaders in Italy and Greece rushed to...
FOX Business: The Power to ProsperWall Street zipped higher on the heels of the worst selling frenzy in months as traders reacted to upbeat corporate news, encouragi...
