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Greek Unemployment Rate at 15%

The unemployment rate in Greece (15 %) was the fourth largest rate in the European Union in the first quarter of 2011, Eurostat announced...

Der Spiegel German Magazine States: “The Problem Child of Europe is Greece”

The German magazine Der Spiegel in its electronic edition refers to Greece, which is characterized as the problematic child of Europe. Speaking about yesterday’s...

Greece's Budget Deficit Higher Than Expected

Eurostat announced on Tuesday that the deficit of the General Government for 2010, is estimated at €24.2b (10.5% of Gross Domestic Product), while the...

Greece To Announce Measures On Thursday

Greek government proceeds with the finalization of the measure packages in order to be published in the form of bills on Thursday. The departure of...

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...