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Bundesbank: Capital Tax First, Then Rescue
The latest financial report published by the German Federal Bank, “Bundesbank” argues that countries on the verge of bankruptcy should ensure the necessary funding...
IMA-GSEVEE Survey: Greek Housholds in Despair
The annual survey carried out by the Small Enterprises’ Institute (IME) of the Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE) reveals that the...
Greece Second in Falling Property Prices
New data by the Bank of Greece reveal that the Greek real estate market slumped by 9.2 percent during the third quarter of 2013,...
Europe's "Hope Ceiling"
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By Ioannis Patrikakis* The current state of affairs in the Euro zone clashes with the basic principles of Aristotelian Ethics philosophy. Aristotle is describing...
Athens Refutes Information about Troika's Visit
The Ministry of Finance refutes the information and insists that the arrival of the Troika will be held as scheduled, on Monday evening, while...
Can't Afford Heat, Greeks Turn Off Thermostats
A University of Athens research team has discovered that 80 percent of Greek households with incomes under 14,000 euros ($18,730), unable to afford heating...
Greek Consumer Spending Falls 15.3%
With retailers desperate for customers and hoping an ongoing annual sales period with discounts up to 80 percent will bring them back, fearful Greeks...
Austerity Shrinks Greek Spending 10.6%
Continuing austerity measures took 4 billion euros ($5.38 billion) out of the pockets of Greeks in the last year, shrinking their disposable income by...
Most Greeks Find it Hard to Make Ends Meet
More than half of all Greeks have trouble paying their bills, the country's statistics agency said on Friday, as efforts to meet the country's...
Heating Allowance May be Cut for Greece's Poor
At risk of being cut from this year's budget to another round of austerity measures is some 130-150 million euros ($167.5-$193.6 million) designed to...


