Greek PM hails "Greekovery" replacing "Grexit"

THE EUROZONE crisis has unleashed a string of buzzwords - from rating downgrade to Grexit, referring to Greece's potential exit from the zone. Yet one word is often missing: economic equality. Distinguishing the European Union from the rest of the ...

Major debt restructuring for both Cyprus and Greece will probably force the struggling euro zone countries to leave the single currency, according to Citigroup's latest economic outlook, which warned markets could again be hit by escalating fears.

This is basically what the Parliament of itsy-bitsy-teenie-weenie Cyprus told its Goliath paymasters when it rejected their demand to impose a tax on bank deposits as a pre-condition to their salvation. Not one of the 56 parliamentarians voted for ...

IT seems only yesterday everyone was talking about a "Grexit" the forecast by the UK press that Greece was about to leave the European Union because of the onerous bailout terms imposed by the EU and IMF. Now suddenly we are talking about the ...

Greek Prime Minister Antonis Samaras on Monday night said that the so-called Grexit of Greece from the eurozone is a thing of the past, "a sad memory." Speaking at an event to inaugurate a local branch of the German Hanns Seidel Foundation in ...

Greece and China committed on Friday to strengthening their ties as Prime Minister Antonis Samaras continued meeting top officials and business representatives in Beijing on the second day of his visit to the Asian country. The two countries put out ...

Greece has seen the launch of a new political party, Plan B, which supports leaving the euro and returning to the drachma. Its leader, Alekos Alavanos, told the conference in Athens that he opposed the austerity measures imposed on the country. He ...

(The following statement was released by the rating agency) BARCELONA/LONDON, May 16 (Fitch) Fitch Ratings has upgraded National Bank of Greece's (NBG), Piraeus Bank's (Piraeus), Alpha Bank's (Alpha) and Eurobank Ergasias' (Eurobank) Long-Term ...

Assistant News Editor, CNBC.com Lonely Planet | Lonely Planet Images | Port of Piraeus, Athens, Greece Greek Prime Minister Antonis Samaras headed to China on Wednesday, amid hopes that the world's second largest economy can revive one of the euro ...