Greece

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Greek Report: Germany Owes Us Billions for World War II

Cash could be enough to end debt crisis

(Newser) - Greece may have a novel way of solving its debt problems: Get Germany to pay billions in decades-old war reparations. The Greek finance ministry commissioned a secret report that says Germany owes the country big time over World War II. Though the Greek newspaper, To Vima, that printed the report...

Greek Neo-Nazis Plot US Expansion

Golden Dawn's overtures not going over so well among ex-pats

(Newser) - Greece's fiercely anti-immigrant Golden Dawn party has a new group it's targeting for membership: emigrants. A rep for the party (which uses a swastika-like logo) says it has decided to create cells "wherever there are Greeks"; it intends to set up offices in Germany, Australia, Canada, and...

Soccer Player Banned for Using Nazi Salute

Giorgos Katidis, 20, says he didn't know what it meant

(Newser) - The soccer federation of Greece has banned a player from the nation's teams for life after he celebrated a goal yesterday with a Nazi salute, the Guardian reports. The federation handed Giorgos Katidis, 20, the ban for what it deemed a "severe provocation": The salute "insults all...

Prison Foils Helicopter Escape Attempt

Chopper forced to land after would-be escapee is shot

(Newser) - A helicopter attempted to spring an inmate from a Greek prison yesterday, in what would have been a Hollywood-esque caper worthy of James Bond—if it had worked. At first, the helicopter tried to use a hook at the end of a rope to rip down the prison's chicken-wire...

Greek Unemployment Hits Record High

It's 26.8%, and much higher for younger workers

(Newser) - Unemployment in Greece has climbed even higher, reaching 26.8% in October, according to figures released today, while another lawmaker abandoned the coalition government over a Swiss Bank account scandal. The Statistical Authority said unemployment increased from 26.2% in September 2012, and marked a significant jump from the 19....

EU Accepts Peace Prize Amid Protest

Former winners, local demonstrators slam award

(Newser) - The European Union officially received the Nobel Peace Prize today in an Oslo ceremony attended by some 20 EU leaders, including Angela Merkel, Francois Hollande, and UK deputy PM Nick Clegg. The prize committee applauded the EU's efforts toward peace in Europe after World War II, and called leaders...

Most, Least Corrupt Nations
 Most, Least 
 Corrupt Nations 
Dec 5, 2012 12:41 PM CST

Most, Least Corrupt Nations

North Korea, Afghanistan, Somalia fare worst in annual rankings

(Newser) - Surprise, surprise: North Korea is perceived as highly corrupt, according to Transparency International's annual rankings . The group gave 176 nations a score from 0 (highly corrupt) to 100 (very clean). Here's a look at some of the findings:
  • Afghanistan and Somalia tied North Korea for last place, each
...

Greece to Buy Back Bonds at Big Discounts

Country hopes plan will cut $26B from debt

(Newser) - Greece will spend up to $13 billion in a heavily-discounted bond buyback program that it hopes will help stabilize its debts, officials said today. Private holders of Greek bonds, such as banks and pension funds, have until Friday to register their interest in participating in the buyback program. It will...

EU: New Greek Deal Will Work
 EU: New Greek Deal Will Work 
Nov 27, 2012 3:39 AM CST

EU: New Greek Deal Will Work

Markets rise after fresh deal to keep country afloat

(Newser) - European Union finance ministers and the IMF have hammered out yet another deal on Greek debt and they say this one is going to work. The euro and Asian markets rose after the announcement of the latest deal on the three-year-old crisis, which will cut the rates on bailout loans,...

Man Caught With Stolen Data on 9M People

Greek police catch man with identity card details, tax numbers, and more

(Newser) - A man in Greece has been arrested on suspicion of having stolen 9 million personal data files in what is believed to be the biggest breach of private information the country has ever seen. Police said today that the 35-year-old, whose name was not released, was found in possession of...

Protesters Storm Greek Conference, Throw Coffee

They were angry over presence of German officials

(Newser) - Dozens of anti-austerity protesters broke into a conference center in northern Greece and clashed with police today to demonstrate against the presence of a German government official. The protesting municipal workers pushed and threw coffee on a German consul in Thessaloniki, Wolfgang Hoelsche-Obermaier, who arrived to attend a conference of...

Greek Parliament OKs Austerity Budget

But Europe still hasn't settled on aid package

(Newser) - Following the tight passage of an austerity package last week, Greece's parliament has approved a 2013 austerity budget. The budget, part of a plan to receive further foreign financing, passed by a margin of 167 to 128, the New York Times reports. It cuts salaries, pensions, and benefits by...

Austerity Ekes Out Victory in Greece

Eurozone decision follows huge protests

(Newser) - In a 153 to 128 vote, Greek's three-party coalition government barely passed some $22 billion worth of new austerity measures in an effort to remain in the eurozone. Eighteen MPs voted "present" on the plan, with another abstaining. The vote on the measures, which include pension cuts and...

Greeks Launch 48-Hour Strike Over New Cuts

Parliament votes tomorrow on bailout-linked austerity measures

(Newser) - Greeks today launched a 48-hour general strike in protest of new spending cuts, with an estimated 2 million people—from lawyers to hospital employees—taking part. The union-organized strike has shut down banks, schools, and public transportation as Parliament prepares vote on the cuts tomorrow. It must support the austerity...

Eurozone Unemployment Hits Record 11.6%

Greece and Spain see the worst of it

(Newser) - Unemployment in the 17-country eurozone hit a record high of 11.6% in September, official figures showed today, a sign the economy is deteriorating as governments struggle to get a grip on their three-year debt crisis. The rate reported by Eurostat, the EU's statistics office, was up from an...

Visit the Island Where People 'Forget to Die'

Health tips from the fabled Greek isle of Ikaria

(Newser) - Stricken by cancer and given six months to live, a Greek man living in America moved back to his native island of Ikaria—where the cancer mysteriously disappeared. The tale became folklore on Ikaria, where stories of good health date back 25 centuries. Now a study has confirmed what the...

Hookers Sponsor Greek Soccer Team

Brothels fork over bucks made playing the field

(Newser) - When an amateur Greek soccer team was hard up for cash, they turned to the world's oldest profession for help. Now members of the Voukefalas club wear hot pink practice jerseys reading "Villa Erotica," one of two brothels the team recruited as sponsors amid drastic sports budget...

Greek Cops Accused of Abusing Protesters

Riot police used woman as human shield, witnesses say

(Newser) - Greek authorities are probing allegations that police officers—some with links to the far-right Golden Dawn party—have been abusing protesters, the Guardian reports. During the protests that greeted Angela Merkel earlier this week, witnesses reported seeing a handcuffed young woman being used as a "human shield" by riot...

Greek Police Clash With Protesters as Merkel Visits

Athens swarming with 7K police as unions decry German chancellor

(Newser) - Angela Merkel is not a popular person in Greece. That's why, as she arrived in Athens today, the city had deployed roughly 7,000 police officers and even rooftop snipers in anticipation of potential protests—and unions did not disappoint, defying bans on protesting put in place for much...

Euro Zone Launches Bailout Fund ... Just in Case

Spain says it doesn't need it yet

(Newser) - The Euro zone officially launched its 500 billion euro bailout fund today, but finance ministers said that its first intended beneficiary, Spain, didn't need help just now after all. "Spain needs no aid program," German Finance Minister Wolfgang Schaeuble told reporters. "Spain is doing everything necessary,...

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