Economy

The Greek government, under the asphyxiating pressure of its European creditors, has decided in only a few hours what - according to local observers - it had not wanted to decide since the first days after its electoral victory. The...

The Prime Minister's brother, Nikos Papandreou, underlined that Greek austerity measures concerning the economic recovery of Greece can reach stalemate.  Nikos Papandreou also admitted that the adoption of austerity measures is not the greatest solution to the current economic...

Debt Restructuring, 'sees' the "Wall Street Journal", after the interruption of discussions of Greek government with the Troika. In her extensive current publication it reports: The breakdown in Greek debt talks on Friday increases the likelihood that Athens's sovereign debt...

The Greek Public Debt Management Agency said it sold €1.3 billion of 26-week treasury bills at an auction on Tuesday. The uniform yield was 4.80%, against 4.85% at the last auction. The amount on offer was €1 billion, while the...

Greek Finance Minister Evangelos Venizelos urged a government working group to proceed with the implementation of agreed reforms. He highlighted that 80% of the necessary for the fulfillment of the county’s obligations has already passed, implying the inability of implementation. Venizelos,...

Greece will not be able to receive another tranche of international aid if the Troika report is not positive, said German Finance Minister Wolfgang Schaeuble, according to Reuters. Schaeuble told a parliamentary budget debate the euro currency would lose the...

European Union Commission President Jose Manuel Barroso said Tuesday he wants Greece to stand by the pledges its government outlined to the euro zone as part of a pact to receive billions in new loans. "We are working with our...

The head of the European Central Bank Jean-Claude Trichet called on Monday for urgent application of the latest debt rescue measures for Greece. Trichet also spoke of an "absolutely imperative" need to tighten up the monitoring of economies in the...

Troika senior officials ask Greek Labour Ministry to create multiple salary bands across the country, based on local, sectoral needs or even cross-border agreements and uniform low wages. The Troika calls for spending cutting and revenue increase, which could be...

Opposition among Finns to a second bailout package for Greece outweighs support, according to a new survey published Friday. Nearly 50 per cent of those asked are against the package, compared with 34 per cent in favour, said the poll,...

Greece will sell €1 billion of 26-week treasury bills at an auction on Tuesday, according to the Public Debt Management Agency. The uniform yield at previous auction was 4.85%.

Finance Minister Evangelos Venizelos said Friday that Greece must avoid taking further measures that would worsen the country's deepening recession, and rejected reports of a break down in talks with international inspectors visiting Athens. In a news conference, Venizelos said...

Initial information indicates that the troika has interrupt discussion in Athens, without having completed its review of Greek economy for the release of the sixth aid tranche. Several sources note that the issue would be addressed by European FinMins...

According to Pegasus statistics no job sector displayed increase in shares during August. It was a tough month with losses rather than profits. Banks faced a reduction of 32,5% in profits, the sector of media transmission news indicated 36,4% loss. Eurobank,...

The Ministry of Finance plans to impose new measures regarding the receipts under the scope of a new National Fiscal System. As it is noted by the Ministry and the Market it is not fair that the receipts from stores...