Greece

  • 5.7 magnitude earthquake rattles southern Greece 05-04-2014 11:25 AM

    Seismologists say an earthquake with a preliminary magnitude of 5.7 rattled southern Greece and was widely felt in the capital, Athens. There were no immediate reports of injuries or damage. The US Geological Survey put the preliminary magnitude at 5.7, with an epicenter 25 kilometers (15 miles) east of the...
  • Shots fired at residence of German ambassador in Athens 30-12-2013 09:17 PM

    Unidentified assailants opened fire on the German ambassador's residence in Athens with a Kalashnikov assault rifle early on Monday in an attack seen as an attempt to sour relations between debt-laden Greece and its biggest creditor nation. At least 60 shots were fired in the air and four hit the...
  • Players warned about football clubs in Cyprus, Greece and Turkey 21-08-2013 09:03 PM

    Hoofddorp, Netherlands: Professional footballers have been warned by the world players' union FIFPro to think twice before signing to play for clubs in Cyprus, Greece or Turkey. Players were advised to be especially wary of clubs who were not playing in European competition, with FIFPro saying many of those teams...
  • Greece approves scheme to fire thousands of public workers 18-07-2013 04:42 AM

    Athens: Greece's shaky coalition government scraped through a vote on Wednesday on a bill to sack public sector workers as thousands chanting anti-austerity slogans protested outside parliament. The vote was the first major test for Prime Minister Antonis Samaras's two-party coalition since losing an ally over the abrupt shutdown of...
  • Mumbai: Axis Bank reverses amount fraudulently withdrawn from accounts 15-06-2013 11:11 AM

    Mumbai: Axis Bank has reversed the amount withdrawn fraudulently from 37 accounts, including 12 being operated by Mumbai policemen. The accounts had been hacked and Rs 16 lakh withdrawn fraudulently through ATMs in Greece. Axis Bank spokesperson said, "A small number of our customers' accounts (less than 50) have been...
  • Greece: Bangladeshi farm workers shot at for demanding wages 19-04-2013 03:16 AM

    Athens: At least 20 migrant strawberry pickers were shot and wounded in southern Greece in a pay dispute after a foreman opened fire on them with a shotgun, police said. The incident occurred near the village of Manolada about 260 kilometers west of Athens. Police Captain Haralambos Sfetsos said most...
  • Greece passes 2013 austerity budget 12-11-2012 07:17 AM

    Athens: Greek lawmakers approved the country's 2013 austerity budget early on Monday, an essential step in Greece's efforts to persuade its international creditors to unblock a vital rescue loan installment without which the country will go bankrupt. The budget passed by a 167-128 vote in the 300-member Parliament. It came...
  • Greece narrowly passes crucial austerity bill 08-11-2012 09:11 AM

    Athens: Greece's Parliament passed a crucial austerity bill early on Thursday in a vote so close that it left the coalition government reeling from dissent. The bill, which will further slash pensions and salaries, passed 153-128 in the 300-member Parliament. It came hours after rioters rampaged outside Parliament during an...
  • Greece narrowly passes crucial austerity bill 08-11-2012 04:11 AM

    Athens: Greece's Parliament narrowly passed a crucial austerity bill early Thursday, in a vote that left the coalition government reeling from dissent as it struggles to secure vital bailout funds. The bill, which will further slash pensions and salaries, passed 153-128 in the 300-member Parliament. It came hours after rioters...
  • Organiser defends proposed Greek F1 track 05-11-2012 09:35 PM

    Athens: The man leading controversial plans to construct a potential Formula One racetrack in debt-stricken Greece has defended the bold project and says "my life's work" will benefit rather than burden the country. Last month, Greece's Ministry of Development confirmed it had unblocked a European funding subsidy of 29.46 million...
  • Greece can't tax its people any further: IMF 14-12-2011 01:24 AM

    Athens: Greece has reached its limit in raising taxes and needs to refocus its austerity program on long-term spending cuts, the International Monetary Fund said on Tuesday. The warning came as the debt-shackled eurozone member heads toward its fourth year of recession, with revenues weakening despite draconian new emergency taxes....
  • Pak Prez Zardari admitted to a hospital in Dubai 07-12-2011 10:25 AM

    In Pakistan, while President Zardari was admitted to a hospital, Rehman Malik thanked Taliban for maintaining peace. Violent clashes were reported from Greece. ...
  • Greek lawmakers approve 2012 austerity budget 07-12-2011 06:28 AM

    Athens: Greece's lawmakers overwhelmingly approved next year's austerity budget early on Wednesday, extending tough spending cuts that have already left Greeks struggling as the country tries to slash its vast debts and tame a severe recession. With three parties, including the majority socialists and their rival conservatives, participating in Greece's...
  • Greece must stay in euro, needs drastic reform: PM 01-12-2011 04:53 AM

    Athens: Greece needs to stay in the euro and realises its economy needs drastic reform, the country's prime minister said in a letter to international creditors in which he promised to stick to the terms of a debt reduction deal. The European Union had demanded the assurance from Prime Minister...
  • Greece gets $ 10.7 bn but rescue plan stalls 30-11-2011 07:37 AM

    Brussels: Eurozone ministers sent Greece an $10.7 billion Christmas rescue package on Tuesday to stem an immediate cash crisis yet failed to resolve fears that the common euro currency might be doomed. Stock markets around the world rose earlier in the day, hoping that intense pressure from the bond markets...
  • Eurozone ministers OK $ 10.7 billion Greek loan 30-11-2011 12:47 AM

    Brussels: Officials in Brussels say eurozone finance ministers have approved an euro 8 billion ($10.7 billion) bailout loan installment for Greece. Without the loan Greece would have run out of cash and been in default before Christmas. The EU had demanded, and received, letters from the leaders of Greece's main...
  • Debt crisis strikes at heart of Europe 21-11-2011 06:23 PM

    Brussels: The euro zone's debt crisis struck again at the heart of Europe on Monday despite a clear-cut election victory in Spain for conservatives committed to tougher austerity. Spain's Socialists became the fifth government in the 17-nation single currency area to be toppled by the debt crisis this year. Portugal,...
  • Greece promises sharper deficit cut in 2012 19-11-2011 04:14 AM

    Athens: Greece predicted on Friday that its budget deficit will fall sharply next year, helped by a bond writedown, and insisted that no fresh austerity measures will be needed to plug a hole in this year's finances. Submitting the 2012 budget, Finance Minister Evangelos Venizelos said the deficit will shrink...
  • Remaining in euro is the only choice: Greek PM 15-11-2011 12:41 AM

    Athens: Greece's new prime minister says he is determined to keep the country in the eurozone, and urged political leaders to back a written commitment for a new massive debt deal. Prime Minister Lucas Papademos was sworn in last week to head a short-term coalition government supported by the outgoing...
  • New Italian, Greek Govts race to limit damage 14-11-2011 06:15 PM

    Rome: Technocrat leaders in Italy and Greece rushed to form governments as they sought to limit the damage from the euro zone debt crisis on Monday, and the euro climbed on relief that a key Italian bond auction drew decent demand from investors. The president of Italy asked former European...
  • Lucas Papademos sworn in to lead Greek cabinet 12-11-2011 05:09 AM

    Athens: Technocrat Prime Minister Lucas Papademos took office on Friday to save Greece from bankruptcy, heading a coalition cabinet filled with many of the same politicians who led the nation into crisis and pushed the euro zone to the brink of collapse. At a colourful swearing-in ceremony, black-robed Orthodox priests,...
  • New Greek govt takes over, former banker at helm 12-11-2011 12:54 AM

    Athens: Greece's new technocrat Prime Minister Lucas Papademos assumed power on Friday at the helm of an interim coalition government that will seek to push through tough economic reforms and ensure the country avoids a catastrophic default. Papademos, a former European Central Bank vice president, leads a government including ministers...
  • Italy's Senate to vote for cuts to save euro zone 11-11-2011 07:16 AM

    Rome: Italy's Senate was set to vote on Friday for austerity measures demanded by the European Union to avert a euro zone meltdown and a new emergency government is expected within days, ending the Berlusconi era. The upper house is due to begin debating at 0930 GMT on the package...