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German Advisor Feld: Greece can't avoid debt restructuring
Greek 10-year bond yields fell to a new record low on Tuesday, while the spread between the Greek bond and the Greek benchmark bonds...
Greece's Budget Deficit Higher Than Expected
Eurostat announced on Tuesday that the deficit of the General Government for 2010, is estimated at €24.2b (10.5% of Gross Domestic Product), while the...
Central Banker Provopoulos: Greek Debt Restructure Not Wanted Or Needed
A Greek debt restructuring is not needed and would be catastrophic for the country, hitting bank and pension fund assets and closing off access...
Budget Deficit May Exceed 10.5%
Hellenic Statistical Authority (ELSTAT) may report that budget deficit in 2010 exceeded 10.5% of Gross Domestic Product, according to unconfirmed sources, while Ministry of...
Government To Publish A List of “Undisciplined” Entities
Greek government plans to deal with public enterprises that do not send financial reports, by publishing a list of them.
The Finance Ministry faces multiple...
State Net Revenues Declined 9.1%
According to data available for the State Budget execution for the two months of January and February 2011, on a fiscal basis, the State...
The Economist Magazine Blames Greek Bureaucracy & Law regarding Private Sector
The Economist magazine blames Greek bureaucracy and law for subverting business in Greece.
“Opening a new business in Greece is well nigh impossible; closing one...
IMF: Major Reforms Still Needed For Greece
International Monetary Fund said on Wednesday that a medium-term budget strategy paper, which will set annual spending ceilings for individual line ministries and fiscal...
BoG: Greece Must Press Ahead With Reforms
Greek Central Bank’s head Giorgos Provopoulos (photo) said on Tuesday that the country’s government must urgently implement structural reforms.
Giorgos Provopoulos said that Greece’s biggest...
Institute of Tourism Research & Forecasting Reports 4.5% Increase in 2011 Greek Tourism
Institute of Tourism Research and Forecasting (Itep) chairman Professor Dionyssis Hionis[...]