GREECE - Labour Minister Savvas Tsitouridis was asked to tender his resignation on Saturday and become the latest casualty in the Greek pension fund bond scandal.
Prime Minister Karamanlis took the decision after it was revealed that one of the minister’s close aides, Evgenios Papadopoulos, was being investigated over improper transactions on the Athens stock exchange...
EUROPE - RBS expects Greece will experience a hard default this December in a move it says will cause "violent contagion" in global markets.
GREECE - Standard & Poor's has slashed Greece's long term credit rating from B to CCC, amid fears private sector debt proposals will amount to a default.
GREECE - The Greek parliament has narrowly voted to approve a drastic austerity package despite facing widespread opposition.
GREECE - Greece plans to sell €1.25bn ($1.78bn) of 13-week Treasury bills today as growing speculation the country will need to restructure its debt pushed bond yields to euro-era records.
GREECE - Greek telecom operator Hellenic Telecommunications Organisation (OTE) has said it will have to book a €129.8m ($179m) pensions cost charge to its 2010 accounts following an actuarial study by the Greek government.