Greece is presented as a poster child for the IMF's ability to turn around a failing economy. The reality is far from the rosy propaganda presented by the mainstream media and the Greek government. Experience proves that countries "helped" by the IMF usually end up worse off and Greece is the latest proof of the Fund's inability to properly manage a bankrupt economy.
Greece's key lenders reached a basic agreement on the next steps forward for its rescue program Wednesday in a long-delayed step that could free up fresh funds for Athens.
Public sector workers across Greece began a 48-hour strike Wednesday to protest the government's plan to cut at least 11,000 jobs under its austerity programme this year. Workers were scheduled to hold a rally in Athens and in the northern port city of Thessaloniki.
Greece is expected to reach a key agreement with its international creditors, allowing much needed bailout aid to again flow to the country, by the end of the week, sources say.
Scuffles have broken out between demonstrators and police outside the finance ministry in central Athens, as Greece's international debt inspectors met with ministers to discuss the pace of fiscal reforms.
Greece's parliament on Saturday approved a tough budget for next year, including further spending cuts of 3.1 billion euros ($4.2 billion), aimed at ending the country's deep recession.
The World Health Organization on Tuesday backed away from a controversial claim that Greeks were intentionally infecting themselves with HIV to receive economic benefits. "An error in the editing of the report" is to blame for its earlier mistake, WHO says. The Voice of Russia asked Gregory Hartl, spokesperson of World Health Organization to comment on it.
Claim by the World Health Organization that "about half" of new HIV cases in Greece are “self-inflicted” as a way to get state benefit payments spread like wildfire on social media Monday, leading to headlines in global press. But on Tuesday, the WHO and the group that produced the report conceded that the HIV claim was not true.
Greek officials are concerned about the threats coming from the military reservists and paramilitary organizations. In a country ravaged by internal strife, economic hardships and political clashes, the army is seen as a potential source of instability and a threat to the government.
Greek secondary school teachers decided late Wednesday to suspend their strike, local media reported, over a week after they began a walk out in protest at planned job cuts.
Greek civil servants on Tuesday launched a 48-hour strike, their second work stoppage in as many weeks to protest job cuts the government is undertaking in return for international bailout funds.
Greece braced Sunday for a week of fresh strikes against planned job cuts, with civil servants announcing further protest action just as the country's international creditors launch a new audit.
Russian railways company RZhD has filed an application for privatization of Greek national railway company OSE. The company is interested not only in Greek’s roads privatization but also planning total modernization of the country’s rail infrastructure. Along with the Russian Railways, Russian natural gas giant Gazprom has resumed talks with Greek’s state-owned DEPA Company after it turned down its plan to buy the company over its financial instability this July. VoR discussed the issue with Grigory Birg, an investment analyst from Russia's first independent analytical agency Investcafe.
Public services across Greece were disrupted on Wednesday as civil servants launched a 48-hour walkout to protest the government's decision to cut jobs as part of its bailout commitments.
The Greek economy is "back on track" but is likely to need another six years to return to pre-crisis levels, Prime Minister Antonis Samaras said Monday.
Greek unions on Wednesday said a new round of pension cuts were unavoidable, despite repeated assurances by the government that there would be no more austerity measures after three years of tough cutbacks.
Greek Prime Minister Antonis Samaras called on his government on Monday to speed up the rate of austerity reforms as the country admitted that it may need a new bailout of 10 billion euros (13.3 billion dollars).
Greek Finance Minister Yannis Stournaras said Sunday that if Greece required a new bailout in 2014, it would be a "much smaller" package of around 10 billion euros with no austerity conditions attached.
Greece's unemployment rate hit another record high in May of 27.6%, according to the country's statistics body.