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Greece Prime Minister George Papandreou

Eurozone delays €12bn Greek aid programme

Eurozone finance ministers on Monday have failed to agree a critical €12bn worth of aid payments to Greece, instead vowing to wait until the country has proven itself capable of passing the austerity measures that have cause widespread protests and violence on the streets of Athens
Greece

Greek national strike pushes the country ever closer to default

Greece has been pushed ever closer to the harsh reality of default after Wednesday's general strike all but shut the country down. The strikes have closed schools, central and local government offices around the country, while hospitals were operating on skeleton staff. Port and public transport services were disrupted, while a walkout by journalists forced most morning news programming off the air.
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Microsoft beat Sony in Xbox 360 v.s PS3 sales grudge-match

With E3 out of the way and the sun beginning to set on the current generation of home entertainment consoles, recently released sales figures have revealed that Microsoft's Xbox 360 is currently beating Sony's PS3 in overall sales.
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Games sales hit five year low: LulzSec cyber attacks key factor?

Following LulzSec's ongoing campaign against the games industry, a study by the NDP Group has revealed that game sales in the U.S. have hit their lowest point in five years, but interestingly the recent slew of cyber attacks has not been listed as a key reason for the sales lull.
Greece's PM Papandreou addresses reporters during a news briefing at the Maximos mansion in Athens

Greek Default Expected Within 12 Months

Greece has become the lowest rated country in the world, falling behind nations such as Jamaica and Grenada after Standard and Poor's cut the country's rating by three notches. Greece now has a credit rating of CCC, down from its rating of B and it is expected to be reduced further. There is now growing frustration in Europe over the efforts being made by the Greek government with a default the most likely outcome.