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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...
Significant Discrepancy Between Greek and European Third Quarter GDP Revealed by Eurostat
Eurostat released its second estimate for the European Union and the Eurozone's economic performance for the third quarter of 2015, in which Greece's downturn...
Eurozone to Cap Greek Debt Servicing at 15 pct of GDP
Eurozone governments agree that debt relief for Greece should be accomplished by capping its debt servicing costs at 15 percent of gross domestic product, Reuters...
Greek 2016 Draft Budget Forsees GDP Contraction of 2.3 pct for this Year
The Greek Finance ministry tabled to Parliament the draft budget plan for 2016, on Monday, envisaging the government’s priorities for social justice and fiscal...
Eurostat: Greek Govt Debt Decreased to 168.8% of GDP
The highest government debt to GDP ratios in the Eurozone were recorded in Greece (168.8%), Italy (135.1%) and Portugal (129.6%), according to a recent Eurostat...
Greek Public Debt at 176% of GDP in Q3 2014
According to data released by Eurostat, the Greek public debt increased to 176% of the country’s GDP during the third quarter of 2014, from...
Economist: Ancient Greeks Knew How to Raise GDP
Ancient Greeks had an understanding of the concept of capitalism and knew about economic growth, profit and gross domestic product maximization, according to an...
Greek Fiscal Deficit at 12.2 pct of GDP in 2013
Greece's fiscal deficit was 12.2 pct of GDP in 2013, while the country's public debt totaled 174.9 pct of total GDP, Eurostat announced on...