Stocks rallied Tuesday as growing bets that European officials will rescue Greece from its debt problems reassured investors after a four-week selloff.
The German government may offer an aid package to Greece and other debt-ridden European nations in an effort to stave off the default concerns that have stunted global markets, according to reports.
Global economic leaders sought to reassure markets that the debt contagion spreading across southern Europe was under control, expressing confidence that Greece could bring down its debt levels without outside intervention.
Could Europe kill the chances of a global economic recovery? There are growing concerns about the health of several European nations, most particularly Greece. Standard & Poor's, Moody's Investors Service and Fitch Ratings all downgraded their credit ratings for Greece last month.
Greece was condemned by the European Commission on Tuesday for falsifying data about its public finances and allowing political pressures to obstruct the collection of accurate statistics.
A bomb exploded outside Greece's parliament building in central Athens on Saturday evening, a blast near a national landmark that unnerved the country.
Currency markets were little-disturbed by a downgrade of Greece's government bond rating by Moody's on Tuesday, but sterling took a hit after revised UK growth data disappointed.
Greece on Thursday accused Standard & Poor's of failing to "assess correctly" new moves by Athens to tackle its swollen budget deficit, following a downgrade by the ratings agency of Greece's long-term sovereign debt.
Stocks rallied Tuesday as growing bets that European officials will rescue Greece from its debt problems reassured investors after a four-week selloff.
The German government may offer an aid package to Greece and other debt-ridden European nations in an effort to stave off the default concerns that have stunted global markets, according to reports.
Global economic leaders sought to reassure markets that the debt contagion spreading across southern Europe was under control, expressing confidence that Greece could bring down its debt levels without outside intervention.
Could Europe kill the chances of a global economic recovery? There are growing concerns about the health of several European nations, most particularly Greece. Standard & Poor's, Moody's Investors Service and Fitch Ratings all downgraded their credit ratings for Greece last month.
Greece was condemned by the European Commission on Tuesday for falsifying data about its public finances and allowing political pressures to obstruct the collection of accurate statistics.
A bomb exploded outside Greece's parliament building in central Athens on Saturday evening, a blast near a national landmark that unnerved the country.
Currency markets were little-disturbed by a downgrade of Greece's government bond rating by Moody's on Tuesday, but sterling took a hit after revised UK growth data disappointed.
Greece on Thursday accused Standard & Poor's of failing to "assess correctly" new moves by Athens to tackle its swollen budget deficit, following a downgrade by the ratings agency of Greece's long-term sovereign debt.
The anniversary of a fatal police shooting triggered a new riot in Greece's capital Sunday, with protesters occupying a university building and throwing rocks and burning garbage at police.
The capital of Greece appeared safe from wildfires that have raged for days, firefighters said Monday, but they remained on standby in anticipation of flare-ups caused by strong winds.
Internet giant Google has been stopped from gathering images in Greek cities for its Street View service until it provides further guarantees about privacy.
If you want to get away from it all when traveling in Greece, head for the Peloponnesian Peninsula. Studded with antiquities, this land of ancient Olympia, Corinth and Sparta offers plenty of fun in the eternal Greek sun, with pleasant fishing villages, sandy beaches, bathtub-warm water, and none of the tourist crowds that plague the much-scrambled-after Greek Isles.
Twenty-four Greek nationals, including a priest and a neurosurgeon, have been arrested on suspicion of child pornography, Greek police announced Tuesday.
Greece passed a belt-tightening budget Monday, despite weeks of nationwide protests over the economy and jobs enflamed by the fatal shooting of a teenager by police earlier this month.
Bursts of tear gas exploded in downtown Athens as police continued to battle hundreds of young self-styled anarchists rioting Sunday in major cities across Greece.
Riot police fired tear gas Tuesday to disperse rock-throwing youths amid a nationwide general strike that brought air, rail and ferry traffic to a halt in Greece.
Greece's air, rail and urban transport came to a grinding halt Wednesday as the country's biggest labor union staged a 24-hour nationwide strike in protest of the government's plan to sell off the state's ailing carrier Olympic Airlines.
• Here comes the biggest test of the Games: Can NBC survive without Michael Phelps winning a gold medal? Thankfully there's the Redeem Team, the scrappy band of billionaires who face their first real test of the Games on Thursday (8 a.m. ET) against Greece, an impressive winner over Dirk Nowitzki-led Germany.
Zlatan Ibrahimovic scored his first international goal in almost three years Tuesday to lead Sweden to a 2-0 win over defending champions Greece at the European Championship.
A strong earthquake jolted western Greece on Sunday, killing at least two people and trapping several people beneath collapsed buildings, according to officials and state-run media.
A much-changed Greece side easily defeated Cyprus 2-0 in a friendly on Monday, as the European champions started their warm-up for the defense of their trophy next month.
The Olympic flame on Monday began its 34-day journey around the world ahead of the 2008 Beijing Games. Here are some facts about the centuries-old traditions behind the relay and its modern development.
Routine activity ground to a halt on Wednesday as protesters from all walks of life staged a general strike over proposed changes to Greece's pension program.
Dear FSB: I would like to start a service business in Greece and am looking for ideas. Can you recommend any websites that offer ideas of service businesses that are popular in the United States?
The world champions might not yet make it, but the champions of Europe at least will definitely be waltzing their way towards Austria and Switzerland next summer to defend their crown.
ATHENS, Greece (AP) -- A massive cleanup, reconstruction and anti-flood effort was being launched Monday for fire-stricken parts of southern Greece as one fire front continued to burn while others abated, officials said.
European Commission President Jose Manuel Barroso toured fire-damaged southern Greece by helicopter Saturday and promised aid for areas where 64 people died and an estimated 469,000 acres of mostly forest and farmland were destroyed.
With wildfires raging across the countryside, Greece's government says it has enlisted intelligence and counterterrorism agents to foil what it sees as a deliberate plan by arsonists to destroy Greek forests.
Firefighters rushed helicopters and buses Monday to evacuate more than two dozen villages threatened by towering walls of flames that had killed 63 people while ravaging swaths of forest and farmland in Greece's worst wildfire disaster in memory.
Greek officials have arrested and charged two individuals in connection with the fires that have scorched southern Greece, razing dozens of villages and killing at least 51 people, Fire Brigade Officer Nikos Tsogas said Sunday.
The wildfires that have scorched southern Greece, killing dozens of people, reached the ancient city of Olympia, birthplace of the Olympic games, an official said Sunday.
Fires in southern Greece that have razed dozens of villages and killed at least 44 people may have been deliberately set ahead of next month's national elections, the prime minister suggested Saturday.
Emboldened by the return of two ancient artifacts claimed to have been spirited from Greek soil a decade ago, Greece's Prime Minister has lashed out at the British Museum, saying its grounds for refusing to relinquish possession of Greece's most famous antiquities, the Parthenon Marbles, were "feeble."
Greek authorities are investigating one of the country's most mysterious murder cases after a family of hunters was killed over the weekend while pursuing their hobby in the plains of central Greece.
European champions Greece made it two wins out of two matches when they edged past Norway 1-0 in their Euro 2008 Group C qualifier in Athens' Karaiskaki stadium on Saturday.
European champions Greece shocked odds-on favorites the United States 101-95 in Japan on Friday to reach the final of the world basketball championship against Spain.
With the forces of globalization changing the rules of modern business, a consortia of universities has devised an innovative way to educate executives about international issues.
European champions Greece and Romania finished top of their respective groups at the 10th International Football Tournament run by the Cyprus Football Association.
Georgios Samaras made a memorable debut for Greece by scoring the only goal in their win over Belarus on Tuesday at the start of an eight-nation friendly tournament.
At least one person was killed and 13 injured when a train struck a van that was illegally crossing the tracks in northern Greece, local officials said.
Greek authorities have begun the systematic disinfection Wednesday of a farm on a remote Aegean Sea island where a lone turkey was found to be infected with a strain of bird flu.
Greece on Tuesday said it had recalled its top envoy from Slovakia and ordered an urgent inquest into allegations that the diplomat is involved in arms smuggling.
Angelos Basinas scored the decider for Greece as the European champions beat Denmark 2-1 in Athens to breathe new life into their World Cup qualifying hopes.
The Greek government has appealed for calm, fearing a public backlash against immigrants living in Greece following Wednesday's bus hijacking by two Albanian gunmen.
Two armed hijackers who had threatened to blow up a commuter bus in Greece released all of their remaining captives early Thursday and surrendered to authorities.
Greek football giants AEK Athens have been saved from bankruptcy and possible relegation after a court decision Thursday to wipe out a majority of their 140 million euro ($181 million) debt.
Greek sprinter Costas Kenteris did not know he was expected for a doping test, his lawyer said after the disgraced athlete testified to a public prosecutor probing a scandal that rocked Greece on the eve of the Olympics.
European champions Greece held Czech Republic to a friendly 0-0 draw with the sort of stubborn defensive display that helped them lift the title in Portugal.
The Olympic Games returned to their birthplace in Greece on Friday after 108 years with a glittering ceremony set to put to memory thoughts of construction delays and doping scandals.
The Olympic flame arrived home from an unprecedented global journey on Friday, greeted by folk dancers for the final Greek leg of the relay past the sites of ancient myths, monuments, and epic battles.
Euro 2004 giantkillers Greece received an added boost with the news that inspirational midfielder Stylianos Giannakopoulos has recovered from a calf injury and looks set to start in Thursday's semifinal.
Angelos Haristeas cancelled out a strike by Fernando Morientes to give Greece a battling 1-1 draw with fancied Spain and keep them top of Euro 2004 Group A.
Greece got Euro 2004 off to a stunning start when they recorded the greatest win in their history by upsetting host nation Portugal 2-1 in the tournament's opening game.
The modern Olympics may have come a long way from their ancient origins, but the key athletic disciplines -- running faster, jumping higher and throwing further -- can all be traced back to classical Greece.
Greece coach Otto Rehhagel must decide on Wednesday whether his leading striker Demis Nikolaidis will be fit for Euro 2004 after sustaining a leg injury.
Prepare yourself for a summer of hyperinspirational commercials. With the Athens Olympics just a few months away, the five-ring marketing circus is beginning. Some of the 63 U.S. sponsors and suppl...
-- Make your 2003 IRA contribution The maximum amount that you can stash away in an IRA by April 15 is $3,000; the limit is $3,500 for those age 50 or over.
Having officially joined the European Union on Jan. 1, Greece began phasing out the drachma, Europe's oldest currency and the survivor of some 2,500 years of war and economic turmoil. Below, highli...
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