Hundreds of Greek chefs are seeking employment abroad, citing low wages, excessive working hours and violations of labor agreements, as Greece's tourism and hospitality industry faces more than 83,000 unfilled positions despite record tourist arrivals and revenues.
According to the...
Rising French government bond yields and mounting political uncertainty have renewed comparisons with Greece's sovereign debt crisis, although France continues to access financial markets and faces significantly lower borrowing pressures than Greece did before its 2010 bailout.
France's public debt...
Short-term rental rates in Greece rose sharply in September 2026 despite a decline in booked nights, according to AirDNA figures, highlighting the economic and policy pressures created by a tourism season that is extending further into autumn.
The average daily...
A study titled "The Café Economy," recently published in the Hellenic Observatory's Discussion Paper Series at the London School of Economics (LSE), reveals an uncomfortable truth about the transformation of Greece's economy following the bailout era.
The study, co-authored by...
A young Greek programmer has built a conversational AI tool to make tracking municipal spending as simple as sending a text.
The independent platform, diafaneia.ai, allows citizens to investigate millions of public finance records using everyday conversational language.
The system instantly...
Greece is moving to ban cash-on-delivery (COD) services, requiring consumers to use electronic payment methods for all courier deliveries, regardless of the purchase amount.
The Ministry of National Economy and Finance unveiled the measure on October 7, 2026, as part...
European Union finance ministers have officially approved greater fiscal flexibility for Greece, green-lighting a massive €1 billion (~$1.12 billion) energy investment plan running through 2028.
The landmark decision extends a crucial exemption under European fiscal rules to cover vital energy-security...
Only 8% of jobs in Greece's market-producing businesses were in foreign-controlled companies in 2024, the lowest share in the European Union, according to data released Thursday by Eurostat. Across the EU, the figure was 16%, showing how much less...
International Monetary Fund(IMF) Managing Director Kristalina Georgieva issued a sharp warning to global leaders, urging immediate action on skyrocketing public debt. Delivering her address at the Lee Kuan Yew School of Public Policy on October 7, 2026, Georgieva stated...
The Greek government has launched a €95 million (~$106.38 million) emergency electricity subsidy package to shield local heavy industry from crushing energy costs.
The Ministries of Energy and Finance jointly outlined the massive relief initiative on October 7, 2026. The...
More than one in four Greeks cannot afford to take part in leisure activities on a regular basis, the highest rate in the European Union, according to new data from Eurostat.
The EU statistics agency found that 27.3% of people...
Greece has successfully engineered a massive reduction in youth unemployment, yet young workers still face a brutal financial reality. A comprehensive study by the Organisation for Economic Co-operation and Development (OECD) exposes a painful paradox.
Low wages, rampant seasonal tourism...
The Greek government projects accelerating economic growth and sharply easing inflation for 2027 as it modernizes its national economy. National Economy and Finance Minister Kyriakos Pierrakakis and Deputy Minister Thanos Petralias officially submitted the landmark 2027 draft budget to...
The S&P 500 reached an all-time high Tuesday as investors returned to major technology stocks, new AI spending plans lifted market sentiment, and an early drop in oil prices eased concerns about inflation. The benchmark index rose 0.58% to...
The euro has fallen to its lowest level against the U.S. dollar in 17 months as mounting concern over France’s public finances and borrowing costs spreads through European markets.
The single currency fell as low as about $1.116 on Monday,...
