Wednesday, April 7, 2010 as of 11:14 AM ET
Greece (, Ellada, historically in Katharevousa and , Hellas, and respectively), officially the Hellenic Republic (Ελληνική Δημοκρατία, Elliniki Dimokratia, ), is a country in Southern Europe, politically considered part of Western Europe.
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Greece's conservatives on Thursday promised voters tax relief if they win a crucial general election, insisting that existing austerity measures can be made fairer, despite growing concern over the country's future in the euro.
The debt-strapped country will hold its second election in six weeks on June 17. It was called after the center-right New Democracy party won a May 6 poll but was unable to form a coalition government.The conservatives are roughly level with the leftwing anti-bailout Syriza party in recent opinion polls."Our pledge is jobs, jobs, jobs. ... No new taxes and no new cross-the-board cuts. The era of taxing incomes that do not exist is over," conservative leader Antonis Samaras told a meeting of business officials in Athens, presenting New Democracy's economic program.Greece's election law awards the winning party a bonus of 50 seats — intensifying the rivalry between the conservatives and Syriza, which has proposed canceling austerity measures made as part of rescue ...Alarmed by the recent hazing death of a Florida A&M University band student, a coalition of black fraternities and sororities joined with civil rights leader Al Shar...
What is implication for global economy?
Greek stock markets rebounded strongly on Monday from a 22-year low on hopes a pro-bailout party will win crucial national elections next month, which would avoid a ...
As Greece creaks under its untenable debt and a shrinking economy, the possibility that it could stop using the euro is becoming increasingly likely. The effects of ...
Only a month ago, surprisingly strong corporate earnings and steady growth in the U.S. economy had investors in a cheery mood. The Dow Jones industrial average stood...
After the last tourists leave the Church of the Holy Sepulcher in Jerusalem's Old City at nightfall, a little-known but centuries-old tradition unfolds at one of Chr...
Fears of a sharp slowdown in the world's two largest economies, the U.S. and China, and concerns over the stability of Europe's currency union combined to batter glo...
They sold in May and went away, all right.With a disappointing finish on Thursday, the stock market closed what was by some measures its worst month in two years. Ov...
Alarmed by an ominously weak U.S. jobs report, investors ran for safety Friday from new worries about a global slowdown, sending the Dow Jones industrial average to ...
Saying yes could mean dooming Ireland to more long, hard years of austerity. But saying no could mean national bankruptcy next year.Ireland's debt-burdened voters co...
Inflation across the 17 countries that use the euro fell by more than anticipated in May, official figures showed Thursday - a development that will likely add press...
Spain insisted Friday it is financially stable because its heavily indebted regions are now meeting deficit reduction targets, but investors remained worried about t...
The head of Greece's Radical Left Coalition, whose strong gains in last month's elections deepened concerns over his country's future in the European single currency...
Author Ian Bremmer on how Europe’s financial problems will affect the U.S.
Unemployment across the 17 countries that use the euro stayed at 11 percent in April — the highest level since the single currency was introduced back in 1999, pilin...
Greece emerged from obscurity in Euro 2004 with a surprise win over host Portugal for its first championship in just its third major tournament.Since that triumph, w...
The International Monetary Fund's top official has expressed regrets for comments about Greeks' suffering during their debt crisis.Managing Director Christine Lagard...
Worst yet to come?
Greece coach Fernando Santos made the final two cuts to his roster Tuesday for the Euro 2012 tournament, making Alexandros Tziolis and Panagiotis Kone the casualties...
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