Greece
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Crisis

IMF Warns Greece Could Face The Worst Coronavirus Recession in Eurozone

The International Monetary Fund (IMF) recently presented its World Economic Outlook, in which it predicts that Greece could experience one of the worst recessions in the world due to the coronavirus pandemic. The IMF said that Athens will see a...

Greece Remains First in the EU in Unemployment Among University Graduates

Τhe Center for the Development of Educational Policy of the General Confederation of Workers of Greece (KANEP-GSEE) published a study in Thessaloniki recently in which it shows that unemployment among young Greek university graduates remains very high,  after nearly...

Employment in Tourism Sector Hits Record Numbers in Greece

According to a recently-published study by the Institute of the Greek Tourism Confederation (INSETE), employment in the tourism sector reached record-high levels in Greece during the third quarter of 2018. More specifically, fully 10.6 percent of the total workforce in...

Greece's Ruling SYRIZA Party Urges International Community to Mediate Venezuelan Crisis

Greece's ruling left-wing party of the Coalition of the Radical Left (SYRIZA) issued a statement on Tuesday evening commenting on the dramatic developments in Venezuela. SYRIZA noted in its statement that the only way forward is dialogue and democracy, urging...

Investment in Greece Remains Low Despite Favorable Growth Rate

The ratio between Greece's GDP and the amount of investment in the country is the lowest in the European Union, according to the latest figures recently released by ELSTAT. The Greek Statistics Authority has determined that the value of investments...

The Imia Crisis: When Greece Faced War in the Aegean (video)

As unlikely as it may seem, a dispute over salvage rights between Turkish and Greek captains was the trigger for a series of events which escalated into a major international incident. The quickly-spiraling crisis saw the deployment of both countries’...

Venezuela's Guaido Blasts Tsipras For Hesitating to Condemn Maduro (video)

Venezuela's self-proclaimed interim President Juan Guaido expressed his concern on Monday about the Greek government's stance regarding the dire political situation in his country. Speaking with Greece's SKAI TV, Guaido said that he is concerned about Greece's hesitation to condemn the current...

IMF to Greece: Implement Agreed-Upon Cuts

The necessity of the implementation of cuts already agreed to by the Greek government, including pension cuts and the lowering of the tax-free income threshold, was reiterated by the International Monetary Fund’s spokesperson in Washington. Gerry Rice said that it...

Greek Man Attempts Suicide in Electric Company Offices due to Inability to Afford Bill

Citing an inability to pay, a man swallowed a handful of pills inside the Public Power Corporation office in the city of Patras upon finding out the monthly installment amount he was due to pay for his overdue bill. According...

Only Venezuela Lost More Money Than Greece in 2007-2017

Only crisis-hit Venezuela was ahead of Greece in terms of losing money in the ten years prior to 2017, new research claims. According to New World Wealth analysts' report, Greece came second on a list of countries which had the...