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Greek Unpaid Debt to State Funds at 50% of GDP
Overtaxed Greek citizens are having difficulty meeting their obligations with the Greek tax department. In May, taxation and businesses, according to data released by...
IOBE Forecasts Greece GDP Recession at 1% for 2016
On Wednesday the Foundation for Economic and Industrial Research (IOBE) released a gloomy report, predicting that Greece will suffer a contraction of 1 percent...
Tax Evasion in Greece Estimated at 6-9% of GDP, Say Independent Analysts
Tax evasion in Greece is estimated to range between 6 to 9 pct of the country’s GDP, which is equal to up to 32...
Greek Stats Agency Shows GDP Shrinkage, But Slight Rise in PPI
The Hellenic Statistical Authority (ELSTAT) released its seasonally adjusted data that shows a shrinkage in the Greek GDP by 1.4 percent in the first...
IMF Scathing Report Calls for Debt Relief by 50 Percent of Greek GDP
The International Monetary Fund (IMF) released its preliminary draft Debt Sustainability Analysis (DSA) on Monday, May 23. the DSA was prepared by the fund...
IMF Says Greek Debt Explosion to 293.8% of GDP by 2060
The International Monetary Fund's (IMF) analysis, presented by Bloomberg, states that Greek debt will soar to 293.8 percent of its GDP by 2060 if...
Greek Shadow Economy Unchanged at 25% of GDP for Past 15 Years, According to Professor
Greece’s shadow economy is estimated to have averaged at 25% of GDP in the last 15 years, which means that economic activity equal to...
Greek Stats Show Drop in GDP as Eurostat Average Rises
The Hellenic Statistical Authority (ELSTAT) announced the Gross Domestic Product for the 1st Quarter of 2016. Flash estimates show that available seasonally adjusted data...
Greek Debt Can Soar Up to 258.3% of GDP by 2060
The Greek debt can soar up to 258.3% of GDP or to fall to 62.6% of GDP by 2060, according to a Wall Street...
Greece Achieves Primary Surplus of 0.7% of GDP in 2015
Greece achieved a primary surplus of 0.7% of GDP in 2015, a European Commission spokeswoman said on Thursday.
After the EU statistics office released data...