economic crisis

  Tax debts owed to the Greek state reached a new high in September, amounting to 70.16 billion euros. Total tax debt in August was 69.24 billion. Many Greek households are struggling to remain consistent with their payments. Statistics show that new debts...

Owing to the economic crisis and a staggering, 27% unemployment rate, young Greeks are being steadily driven to unusual parts of the world for work. The sea, which has always been an integral part of the Greek DNA, has...

The Kykkos Monastery of Cyprus is the latest victim of the country's ongoing economic crisis. Reports emerged yesterday that the monastery – historically, the island's wealthiest – has been forced to carry out a series of cutbacks, including layoffs. According...

According to figures by the labor union of the General Confederation of Greek Workers (GSEE), one in three employees in the private sector earns 300 euros per month, working under flexible forms of employment (part-time work, job rotation). GSEE scientific director...

“Our people are suffering,” said the President of the Hellenic Republic Karolos Papoulias to the Prime Minister of Portugal Pedro Passos Coelho. “Greek people cannot take any more,” stressed the Greek President during the meeting with Coelho at the Presidential Mansion in...

The problems created by the five-year economic crisis in Greek society are evident. A survey conducted by Kapa Research and published at "To Vima” newspaper reveals a lot. One of the survey's main conclusions is that Greeks are willing to...

In a recent article, The Guardian refers to the crucial contribution of tourism to Greece's economic growth, saying that this year would be a record year for Greek tourism. The article begins with the summer "ritual" in the Greek island of Paros....

The economic crisis seems to be affecting people's vacation decisions, thus constantly changing the expectations of tourism flow in Greece this summer. However, according to euro2day.gr, <span title="Η ροή των τουριστών από τέσσερις χώρες θα καθορίσουν σε μεγάλο βαθμό...

Fast food restaurants and beauty salons are the businesses thriving in Greece during the economic crisis, as revealed by a secret survey. The survey was conducted by a Task Force for Greece in partnership with the European Commission in four...

The Eurobarometer results released in Brussels showed that one in four Greeks (26%) do not intend to go on vacation this year because of their economic situation, while in the same category the number on a European level was...