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“We Are Moving from Being a Western Country to a Third-World Country"

Extreme political uncertainty, rampant corruption, queues forming at soup kitchens, and aid from non-governmental organizations (NGOs)—all these are more commonly associated with countries still...

Unicef Report: "Children in Greece 2012" Reveals Dissapointing Data

The recent UNICEF report “Children in Greece 2012” describes the consequences of the financial crisis for Greek children as extremely disappointing. The released data shows...

Greek GDP shrinks by 7.0% in Q4 2011

The Greek economy shrank by 7.0 percent in the fourth quarter of 2011, compared with the corresponding period in 2010, Eurostat announced. The EU executive...

Central Government Budget Deficit Widens in January

Greece's central government budget deficit reached 490 million euros (408 million pounds) in January as tax revenues declined and spending increased from a year...

Greece Sees Record Rise in Unemployment in 2011

Greece, Cyprus and Spain are the EU countries seeing the highest rise in unemployment at the end of 2011 compared with the same period...

Europe Prefers Greek Tomatoes, Exports Increase

Exports of Greek tomatoes to European countries have recorded a 148% increase in the past year. The messages are very optimistic on the future...

Vanishing Cyprus: Eurozone in Tatters

The existing turbulent debt crisis in the Eurozone is only the tip of the iceberg before the real storm destabilizes the lives of millions...

EU: Greek, Portuguese GDP per Capita Far Below EU-27 Average

In the European rankings of GDP per capita, calculated on the basis of purchasing power, in 2010 Greece, Portugal, Malta and Slovenia have between...