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Radio Producers to Hold 24-hour Strike on Monday

Greek radio stations will be closed on Monday, because radio producers have called a 24-hour strike starting Monday. The strike will begin on Monday, the...

Real Unemployment Rate to Hit 26% in 2012

The rate of real unemployment in Greece will reach 26% next year, according to economics professor and director of the Labor Institute of the...

Greek Workers Threaten Action Strikes, Papandreou’s Security Bill In

ATHENS – As the Greek government readied more pay cuts and tax hikes for the country’s beleaguered workers, middle-class, poor and pensioners, the main...

''Flexible Work'' Comes, ''Full-Time Contracts'' Go Forever

The number of full-time contracts have fallen by 23.23% in the first half of 2011 because, according to data from the Labour Inspectorate, flexible...

Troika Warns Greece On Public Payroll And Public Mergers

The exception of tax officers from the new public payroll and the delays in public reforms caused the first warnings by the low-ranking troika...

Greek Government’s Plan B

Greek government examines major cuts in salaries and job dismissals in public sector to restrain the state deficit. Only two week before the arrival of...

Greek Companies Declaring Bankruptcy Increase by 44%

Greek companies declaring bankruptcy have increased by 44% in 2010.  This is due to the severe economic crisis that has hit Greece, the...

Citibank Closes 31 Branches in Greece

Citibank announced a large scale restructuring of its activities in Greece.  It closed 31 branches out of a total of 72 branches in its...

IMF Expert State Greece Could Exit Crisis by 2013

According to an International Monetary Fund economist, Greece could exit its financial crisis by 2013. Poul Thomsen told the newspaper "To Vima" that Greece should strengthen its...