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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...

Internal Divergence May Push 2010 Deficit Up

Divergence between the Greek statistics agency and the Finance Ministry regarding the deficit for 2010 may bring new revenue measures. Greek government should send a...

WSJ Claims Greeks Work the Longest Hours

Citing Eurostat data, Wall Street Journal on Monday published an article, titled “Busting North – South Stereotypes”.  It indicated that Greeks in particular, have...

Turks Above EU Average for Calls, Social Networking

More than half of young people between 16 and 24 (54%) in Turkey make calls and video calls over the internet.  This figure is significantly...

Greece Against Possible Suspension of EU Voting Rights

Greek Prime Minister George Papandreou on Friday spoke out strongly against Germany's idea of sanctions against serial budget sinners, saying it would trigger a...

Eurogroup: Greece Must Take All Required Economic Measures

Greece’s programme is broadly on track, but following the revision of its debt and deficit figures for 2009 by Eurostat, the debt ridden country...

Greek Fin Min: No Comment On Austria's Warnings On Aid

Greek Finance Minister George Papaconstantinou refused to comment Tuesday on reports that Austria might withhold its contribution to the country's E110 billion aid deal. "I...

Greek Finance Minister; 2009 Deficit Above 15%

Greece's 2009 budget deficit will be more than 15% of GDP after revision. This was announced today by Greek Finance Minister Giorgio Papaconstantinou, quoted...

IMF Says Impact Of Greece’s “Data Revision” Will Not Be Substantial

The implications of the upwards revision of Greece’s budget data by Eurostat will not be substantial, an IMF spokesperson told Capital Still, the Fund points...

EU Economic Affairs Commissioner Rehn's Statements on Greece

Greece may be required to make additional austerity cuts in order to meet 2011 budget deficit reduction targets, the EU's Economic Affairs Commissioner Olli...