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Greece Needs €100 Bln Debt Relief to Come Out of Perpetual Recession
Greece needs a generous 100-billion-euro debt haircut in order to be able to come out of a perpetual financial slump, says a Telegraph report.
An...
French Economist Piketty: Creditors' Proposal for Greece Is Bad and Recessionary
The plan creditors proposed to Greece is bad and recessionary, and the answer is "No," said French economist Thomas Piketty to Belgian newspaper Le Soir,...
Greece Returns to Recession in the First Quarter of 2015
The Greek economy entered a new period of recession as the first quarter of 2015 gross domestic product dropped by 0.2 percent compared to...
Greek PM Tsipras: No More Recessionary Measures, We'll Meet Our Obligations
The newly elected Greek Prime Minister Alexis Tsipras appeared satisfied with the European Union summit’s outcome, saying it was positive for Greece. As he...
DIMAR Leader: Extension of the Memorandum Equals Continuation of Recession
In a written statement, Democratic Left (DIMAR) President Fotis Kouvelis criticized the Greek government for mishandling the Troika negotiations. The former coalition government partner...
Alcohol Consumption in Greece Halved Due to Recession
It seems that Greeks cannot afford to drown their recession sorrows in booze, an Infobank Hellastat study showed. The figures released show a 45% decline in...
Bloomberg: Agriculture Could Dig Greece Get Out of Recession
Bloomberg mentioned Tuesday in an article that the agricultural sector in Greece could help the country out of recession, while referring to several successful Greek agriculture exporters.
“Greek...
Recession Takes its Toll on Student Politics in Greece
Elections Wednesday for management councils at Greek universities and for the National Students Union will surely be as partisan as usual, given each Greek political party has...
Revision Shows Greek Recession at 7% in 2012
The first shock came after the revision of the predictions concerning the course of Greece’s economic recession during 2013 which stands at 3.9 percent...
Greek Recession Deeper than Expected in 2013
Despite the assurances of the Greek government that the country will recover by 2014, gross domestic product data released on Tuesday, show that the recession...


