Greece

12:58pm

Mon February 18, 2013
Europe

Greece's Economic Crisis Reveals Fault Lines In The Media

Originally published on Mon February 18, 2013 5:05 pm

People read newspaper headlines in Athens. In 2009, there were 39 national dailies, 23 national Sunday papers, 14 national weekly papers and dozens of TV and radio stations for a population of 11 million.
Louisa Gouliamaki AFP/Getty Images

Three years of spiraling economic crisis in Greece have devastated every sector of the economy. The Greek media are among the hardest hit. Many newspapers and TV outlets have closed or are on the verge, and some 4,000 journalists have lost their jobs.

Many people believe the country's news media have failed to cover the crisis — and lost credibility along the way. And many Greek journalists acknowledge that a massive conflict of interest sooner or later had to explode.

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1:39am

Thu February 7, 2013
Europe

Privatization Of Greek Assets Runs Behind Schedule

Originally published on Thu February 7, 2013 1:07 pm

Employees of Hellenic Postbank protest during a strike against the bank's privatization in Athens, in December.
John Kolesidis Reuters/Landov

In exchange for multibillion-euro bailouts, Greece was required to sell state-owned assets. But the sweeping privatization process is behind schedule. In addition, European governments are nervous that Chinese, Russian and Arab companies are lining up to take advantage of the Greek fire sale.

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8:45am

Mon February 4, 2013
Europe

For Greeks, Painful Cuts Keep Tearing At The Social Fabric

Originally published on Wed February 6, 2013 4:12 pm

Georgia Kolia, 63, has two adult children, both unemployed. She works as a volunteer distributing loaves of bread at the Agia Zonis Orthodox church soup kitchen for the poor in Athens, Greece, in April 2012.
John Kolesidis Reuters/Landov

Greeks are feeling the squeeze. The social repercussions of three years of austerity measures imposed by international lenders are hitting hard. Thousands of businesses have shut down, unemployment is nearly 27 percent and rising, and the once dependable safety net of welfare benefits is being pulled in.

With further cutbacks and tax hikes about to kick in, Greece's social fabric is being torn apart.

Nowhere are cutbacks more visible and painful than in health care.

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3:13am

Mon February 4, 2013
Europe

Violence At Both Ends Of Political Spectrum Threatens Greece

Originally published on Mon February 4, 2013 6:33 pm

A protester holds a petrol bomb during clashes with riot police after a demonstration against new austerity measures outside the parliament in Athens, Greece, on Nov. 7.
Aris Messinis AFP/Getty Images

Escalating political violence from both the left and right is raising fears of political instability in debt-burdened Greece. The conservative-led government is cracking down on leftist groups, vowing to restore law and order.

But the opposition says authorities are trying to divert people's attention from growing poverty and despair.

Take the latest explosion in Athens — a firebomb at a crowded suburban mall last month that slightly injured two security guards.

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6:12am

Tue January 22, 2013
Europe

Under A Cloud Of Austerity, Real Smoke Clouds Greece As Well

Originally published on Tue January 22, 2013 8:06 am

A haze of smoke hangs over Athens early Jan. 3. The hazy conditions result from residents' switch to wooden stoves and fireplaces for heating, as many households can no longer afford to buy heating oil.
Petros Giannakouris AP

In this winter of austerity and Depression-era unemployment, a fog of woodsmoke hangs over the Greek capital on cold nights.

It's coming from the tens of thousands of fireplaces and wood-burning stoves Athenians are using to heat their homes. Most can no longer afford heating oil, the price of which has risen 40 percent since last year. The government also cut a fuel subsidy for low-income families earlier this month.

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