austerities

According to International Monetary Fund (IMF) officials, IMF chief economist Maurice Obstfeld and European Department Director Poul Thomsen, the financial institution is not demanding more austerities from Greece. The IMF has taken to its blog in order to defend...

The Greek government will not back down in facing pressure from the International Monetary Fund (IMF) for more measures, government spokesman Dimitris Tzanakopoulos reiterated on Sunday during an interview with the radio station Athina 9.84. "We have made it clear that there...

The latest numbers released by the European Commission regarding the number of small and medium-sized enterprises (SMEs) show that in the past 7 years, between 2008 and 2015, there has been a shutdown of some 145,000 businesses in Greece. The...

According to the European Consumer Payment Report 2016 which was conducted by the Swedish company Intrum Justitia, three in four Greeks are not able to pay their household bills on time and a whopping 68 percent are not able...

Negotiations between the Greek government and the institutions will continue until a political agreement is achieved on issues where the two sides diverge, government spokesman Dimitris Tzanakopoulos said at a regular press briefing on Tuesday. "Negotiations concluded at the Hilton...

Prime Minister Alexis Tsipras vowed to help those most affected by six years of harsh austerity in Greece in an article published in the newspaper Efimeritha ton Syntakton on Saturday. "We cannot and will not leave behind those hit the hardest...

Foreign envoys are set to return to Athens to resume talks about Greece's austerity measures on November 14. They will discuss the alleged budget gap that they claim is looming over Athens as well as push for more austerities;...

As protests continue over cutting salary and employment, on Wednesday personnel from the Greek military and police also got in on the action, staging their own protest outside of the General Accounts Office in Athens. They said that they are protesting...

On Thursday Labor and Social Insurance Minister Giorgos Katrougalos said that he seeks to "isolate" the International Monetary Fund (IMF) and its influence on pension and labor issues in Greece. As Greece is anxiously awaiting release of 2.8 billion euros...

Greek industrial companies are struggling to compete with their foreign counterparts, according to the European Commission, that estimates the Greek manufacturing sector saw drastic shrinking in the manufacturing sector from 2008-2015. The latest estimates from the Commission states that over a...