Economy

"Our proposal meets the institutions' demands for fiscal targets and reforms," Greek Prime Minister Alexis Tsipras said on Wednesday after a meeting with Austrian Chancellor Werner Faymann. He also referred to the gradual abolition of early pensions as of 2016....

House Speaker Zoe Konstantopoulou called the yearly Bank of Greece report on fiscal policy "unacceptable" and accused the bank governor of "uninhibited interventionism" as she returned it. Earlier today (Wednesday) the Bank of Greece 2015-2015 fiscal report was made public. It...

Actual Individual Consumption (AIC) in Greece was relatively high in 2014 reaching 83 percent of European Union average, according to Eurostat figures released on Tuesday. AIC is a measure of material welfare of households. It is expressed in Purchasing Power...

Michalis Psalidopoulos was appointed as Greece's new representative at the International Monetary Fund (IMF), the Finance ministry said on Wednesday. Psalidopoulos is the president of the Center of Planning and Economic Research (KEPE) and Professor of Economics at the Athens...

An agreement with creditors is absolutely necessary in order for Greece to avoid bankruptcy and poverty and move towards growth, says the report written by Bank of Greece Governor Yiannis Stournaras. "Failure in negotiations will be the beginning of a...

Greek journalists attended seminars funded by the International Monetary Fund in order to present its positions favorably, said Greece's former representative to the IMF Panagiotis Roumeliotis. Roumeliotis testified on Tuesday in front of the special parliamentary committee on the Greek...

Greek Finance Minister Yanis Varoufakis will meet with the Organization for Economic Co-operation and Development (OECD) Secretary General, Angel Gurria, in Paris on Wednesday afternoon, Greece's Finance Ministry announced. Varoufakis and Gurria will discuss a wide range of issues that include reforms in retail,...

Greek Prime Minister Alexis Tsipras had a telephone conversation with U.S. Treasury Secretary Jack Lew on Tuesday evening, during which he briefed him on developments regarding the ongoing negotiations. According to government sources, Greece “expressed its intention to bridge the differences between...

European Commission President Jean-Claude Juncker expressed his anger toward the Greek government on Tuesday, accusing it of misstating his proposals on the ongoing debt negotiations in an effort to mislead Greek voters. "I don't care about the Greek government, I do care about the Greek...

A Greek delegation intends to sign a political Russia-Greece agreement on the support of a pipeline with Russian gas on the territory of Greece during the St. Petersburg International Economic Forum, Greek Energy Minister Panagiotis Lafazanis said. Greek Prime Minister Alexis Tsipras...

"Unfortunately, there is nothing new to report on the Greek debt talks," German Chancellor Angela Merkel told reporters at a news conference after meeting with Luxembourg Prime Minister Xavier Bettel. Merkel also expressed her will to do all she can in order...

Back in 2005, nobody in the world knew the meaning of the word "Grexit." But in the following years, the word entered the lives of Greeks and Europeans, who began to wonder what it really meant. The global interest was not...

After four months of intensive negotiations, Greece had submitted a proposal that could have been the basis for a sustainable and socially acceptable agreement, Greek Prime Minister Alexis Tsipras told SYRIZA's Parliamentary group on Tuesday. Instead of a reply, the...

Eurozone officials are preparing an emergency plan for Greece as it is unlikely that there will be any development on Thursday's Eurogroup in Luxembourg and Greece is heading to a default. According to a report on Greece's ANT1 television on...

Greece's Court of Audit is about to rule that sons of deceased public sector employees, civil servants and military personnel would be eligible to receive a pension if they are not married. So far, the law applied only to unwed...