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Troika Tells Greece: Action, Not Talk

ATHENS – Official from the Troika of international lenders keeping Greece on economic life support with rescue loans will wrap up a 10-day visit...

Jobless Rate Rises To 17.7% In 3Q From 16.3% In 2Q

Jobless rate rose to 17.7% in the third quarter of the year from 16.3% in the prior quarter, with those aged below 30 the...

Europe Changes the Money Rules, Greece Still at Risk

European leaders have agreed to set tighter rules over spending and deficits and will pump an additional $268 billion into a new reserve structure to help ailing countries, but[...]

Greek Statistics Chief: "I’m Being Prosecuted for Not Cooking the Books”

ATHENS – Greek Statistics Chief Andreas Georgiou, an American-trained economist and former chief of numbers for the International Monetary Fund brought in last year...

Greek Recession Seen Easing in 3Q on Tourism Boost

Greece΄s recession probably eased somewhat in the third quarter of the year, but economists say any improvement could be short-lived as fresh austerity measures...

Greek Unemployment Hits 17.6% – and Climbing

Despite 18 months of pay cuts, wage hikes, and slashed pensions, a $157 billion bailout – and now forgiveness of half of its new...

Inflation At 3.1% In September

The Consumer Price Index in September 2011 compared with September 2010, increased by 3.1%, said the Hellenic Statistical Authority (ELSTAT). In September 2010, the...

Salaries Fall 7.6% in Q1

Nominal Greek salaries fell 7.6% in the first quarter of 2011 - the first time in four years, according to data released by the...

Greece Records Largest Increase in Suicide Rates

Greece records the biggest rise in suicide attempts throughout Europe, said Mrs. Bekiari, member of NGO “Klimaka” during her interview to SKAI Radio. As pointed...

Statistician Says Greece Played Numbers Game, Inflated Deficit

ATHENS – Charges by a former board member of the Hellenic Statistical Authority (ELSTAT) that the government deliberately inflated the size of the 2009...