Greece
Calamos Supports GreeceCalamos Supports Greece

economic crisis

Greek PM Tsipras: 'I Have Made Big Mistakes'

"I have made mistakes... big mistakes," said Greek Prime Minister Alexis Tsipras, implying the choice of Yanis Varoufakis as finance minister, after the latter's revelations of private talks he had with key cabinet members in July 2015. In an exclusive...

Study: Economic Crisis Shortens Life Expectancy of Greeks

The economic crisis in Greece had a substantial impact on certain ages and overall shortens life expectancy rates, an Imperial College London study says A group of researchers studied life expectancy by 2030 in 35 countries across the world, including...

Germany Earned €1.3Bln From Greek Debt Crisis

Since the beginning of Greece’s economic crisis in 2009, Germany has earned 1.3 billion euros as a result of its loans to Athens and its debt buying programs, according to Euractiv. Euro zone members initially agreed to hand any interest...

The Working Poor: The New Category in Greece's Labor Market

The deep economic crisis in Greece has created a new group of employees, "the working poor," says Professor of Economics and Social Policy, Savvas Rombolis. In an interview with Ta Nea newspaper, the professor says that there is a large...

Real Estate in Athens Sold at Ridiculous Prices Due to Crisis

Real estate prices in the general Athens area have plunged so low that in some cases houses are sold at one tenth of their market price, according to data posted in the General Secretariat of Information Systems. In the first...

Study: 1 in 2 Greek Potential Employees Lack Skills the Market Needs

Despite high unemployment figures, Greek businesses find it difficult to hire because one in two potential employees lacks the skills the market requires, a study shows. According to research carried out by the Greek branch of Ernst & Young, the...

How One Greek Is Helping Newly Arrived Greek Migrants Start a New Life in Australia

When Greeks decide to leave their homeland and move to Australia for more opportunities they do not know what to expect when they arrive. Will they find the resources that they need to assimilate into society? Will they meet...

Crisis Leads Greek Women to Donate Eggs for Pay

The economic crisis has led an increasing number of Greek women to donate their eggs for pay to the point that some of them are exported, according to the Greek National Authority of Assisted Reproduction. The GNAAR says that the...

Greek Crisis Among Issues to be Discussed by G7

The ongoing economic crisis in Greece will be part of the discussions at the G7 summit to be held May 11-13 in Bari, Italy, according to the Athens News Agency. ANA cites a U.S. Treasury official who said that there...

Almost 1.5 Million Greeks Live in Extreme Poverty

Almost 1.5 million Greeks live in extreme poverty, most of them unemployed and young, a recent study by the diaNEOsis non government organization says. Specifically, the study says, 1,488,714 Greeks, most of them young and unemployed live in extreme poverty,...