Greece
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economic crisis

Poor Economy Preventing Young Greeks from Starting a Family

Young Greeks wanting to raise a family are being thwarted by the bad state of the economy and unemployment. A report by the Athens-Macedonian News Agency (AMNA) cites young Greeks frustrated at the economic obstacles to starting a family. "I have...

Ambassador Pyatt: US has Strategic Interest in Greece

The United States has a “strategic interest” in investing in Greece after the country comes out of the economic crisis, said U.S. Ambassador to Greece Geoffrey Pyatt on Monday. The U.S. official spoke in a digital forum conference held in...

Greeks who Fled the Crisis Speak Out

It is estimated that at least 420,000 Greeks; half of which hold university degrees, left their homeland since the onset of the economic crisis in 2010, according to a 2017 Bank of Greece study. Naturally, most of them communicate with their friends...

Economist Predicts: In 2029, Greeks will Return to 2009 Incomes

Greeks will have to wait until 2029 so that their incomes return to the 2009 level, predicted economist Panagiotis Petrakis, during the presentation of the Economic Chamber of Greece annual report. If everything goes well, we will have to wait until...

Greek PM Tsipras: I am Proud of Living Conditions of Refugees on the Mainland

Greek Prime Minister Alexis Tsipras said he is proud of the living conditions of refugees in mainland Greece, but expressed concern over problems with migrants on the Aegean islands. While in France, Tsipras spoke to Le Figaro newspaper about the...

Rise in Alcohol Dependence due to Economic Crisis in Greece

"We are worried about the increase in excessive alcohol consumption among adolescents and the heavy use overall, especially in provincial areas," said Greece's Health Minister Andreas Xanthos. Xanthos spoke at the 16th International Congress of the European Society of Biomedical...

President of Cyprus Lays the First Stone for Limassol Del Mar Development Project

Cyprus President Nicos Anastasiades praised the spirit of Cypriot entrepreneurs on Friday evening at a ceremony during which he laid the foundation of the Limassol Del Mar development project. Addressing the event, President Anastasiades said that the project is indicative...

Greeks Go to Supermarket with a List Now, Hunt for Bargains on the Internet

The economic crisis has led many Greeks to go to the supermarket with a shopping list, and hunt on the internet for special offers, new research shows. Known as spendthrift people, Greeks rarely went to the supermarket carrying a list...

Former PM Simitis: Social Consciousness is on the Decline in Greece

Former Greek prime minister Costas Simitis said that the worst trauma caused by the economic crisis is the decline of social consciousness. Simitis wrote an article in the Sunday edition of Kathimerini where he said, among other things, that the...

Archbishop Ieronymos: Greece is the Best Piece of Real Estate in Europe

"Greece is the best piece of real estate in Europe; that's why it gets so much pressure," Archbishop of Athens and all of Greece Ieronymos said on Saturday. The Archbishop spoke during a ceremony in which he was proclaimed honorary...