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Budget Cuts for Greece's Tourism Promotion

In a press conference that the Greek  Tourism Development Minister, Olga Kefalogianni gave yesterday, while accompanied by the general secretary of Greek National Tourism...

Greece's Properties Could Fill Budget Gap

Frantic to find a way to cover a looming $11-$14 billion hole in its budget next year, the Greek government reportedly is considering using...

Where Did Greece's Bailout Money Go?

Three years after international bailouts began to keep Greece's economy from imploding, the government has spent a first rescue package of $152 billion and...

Greece's Debt Hits 160.5% of GDP

Figures from the European Union's statistics agency Eurostat showed that Greece's public debt rose to 160.5 percent of Gross Domestic Product (GDP) in the...

Giannaras Says Greece's Problems Political

Well-known University of Athens Professor Christos Giannaras, jumping into the debate about the dysfunctional state of Greece, blamed its problems on the usual suspects,...

Greece's New Coalition Cabinet Sworn In

After three years of protests, strikes and riots against austerity measures and the New Democracy (ND) Conservative and PASOK Socialist parties for creating Greece's...

Greece's Hopeful Cry: "The Tourists Are Coming!"

Hoping that there won't be a repeat of last year's incessant protests, strikes and riots against austerity measures which led to images around the...

Tsipras Says He's Greece's Hope Now

After narrowly losing the elections earlier this year and settling for becoming the major opposition party, Coalition of the Radical Left (SYRIZA) leader Alexis...

Greece's Big Banks Need Bailout Too

Greece’s four biggest banks have reported they were so battered by losses imposed by a previous government on investors that they will need a...