economic crisis

Tourism in Greece is on the rise and the revenue from the tourism sector is crucial for putting the Greek economy in the green. However, even with the 9 percent increase in tourism this year, there are still factors...

One in five (21%) of nonperforming loans in Greek banks’ portfolios, amounting to 10 billion euros, belong to borrowers who are able to repay them but choose not to in the hope they could get a favorable settlement. According to...

Greece comes second among European Union countries in taxing companies and executives, according to the Hellenic Federation of Enterprises (SEV) monthly report. The report says that high taxation makes Greek businesses not competitive, while at the same time executives pay...

The interest of the CIA for the attitude of French political parties towards the Greek debt crisis before the 2012 elections in France has been revealed on the WikiLeaks website. According to WikiLeaks, the CIA was watching all major French...

Love in the recession era means that romance can wait while priorities change -- nowadays women's top priority is security, according to the Andrology Institute. The research revealed that women who reside in working class districts of Athens want security and faith from...

Couples in Greece struggle to make ends meets as they endure the economic crisis impacting the country with slashed salaries, austerities and a depreciation in the quality of day-to-day life. The results of living with such stress, according to the latest...

According to a Bank of Greece study, household investments in homes in Greece has decreased since 2008, up to as much as 85 percent in the fall of 2016. The first quarter of 2016 shows an estimated 1.2 billion euros...

The picture of a Greek man sitting at a traditional coffee shop worrying a string of beads was a timeless picture of Greek folklore that had faded in recent years. As more and more old coffee shops died out...

One in three families in Greece has at least one unemployed member, while the middle class is dwindling, a new survey on behalf of the Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE) says. The research was conducted by MARC...

Greeks exchanged their gold English pounds they were saving for a rainy day in order to get by in 2016, according to the Bank of Greece. The gold coins traditionally bought and stashed away for emergencies, were liquidated in 2016...