greece debt News

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Greece's Credit Rating Crash Puts It in 'Junk' Land

ATHENS, Greece -- This country's credit rating has crashed once more, standing, now, on a par with Angola and Vietnam, and leaving the government in Athens jaded. Moody's Investor Services downgraded Greece's debt by three notches to "highly speculative" status -- way below even debt-troubled Ireland, Portugal and Spain....

Greek Riot Police Clash With Protesters as Strike Turns Violent

ATHENS, Greece -- In the latest sign of swelling social unrest, Greek riot police clashed with angry demonstrators in Athens today, marring a nationwide protest against continued austerity measures. The clashes sprang from a massive demonstration that drew an estimated 40,000 workers to the streets in the first major...

Greek Prime Minister Overhauls Cabinet

ATHENS, Greece (Sept. 7) -- Greece's embattled Prime Minister George Papandreou has overhauled his Cabinet, retaining top ministers in key posts but demoting and unseating others crimping government designs to enact reforms, spur growth and yank Greece out of its deepening recession. Although anticipated for months,...

Greek PM Poised for Cabinet Shake-up

ATHENS, Greece (Sept. 6) -- Greece's embattled Prime Minister George Papandreou looks set to overhaul his Cabinet as criticism swells over lagging attempts to enact reforms, spur growth and yank Greece out of its deepening recession. It remained unclear, however, whether the shake-up -- anticipated for months, and now due...