Economy
Economy
Prices of Goods Continue to Increase in Greece
Prices of everyday goods in Greece continue to increase, which has caused shoppers to cut back significantly in recent months.
The cost of everything from electrical appliances, cars, milk, and soap has increased substantially in Greece, much like in most...
Life
US Cancels $6 Billion of Student Loans
The US Department of Education has agreed to cancel $6 billion worth of student loans for over 250,000 people as a result of a settlement of a class-action lawsuit.
The case, Sweet v. Cardona, involved 264,000 people who claimed that...
Greece
Top Greece Destinations Too Expensive for Locals
Due to the country's economic crisis, many vacation destinations in Greece have become exceedingly expensive, so much so that average Greeks cannot afford to travel in their own country.
Much like in many parts of the world, the inflation rate...
Economy
Greek Inflation Rate Soared to 11.3 percent in May
Much like in many parts of the world, the inflation rate in Greece has soared to its highest rate in nearly thirty years this month.
The Greek inflation rate reached 11.3 percent in May alone, which is up from 10.2...
Economy
Price of Bitcoin Drops to Nearly Two-Year Low
The price of bitcoin has fallen significantly this month with the value of the cryptocurrency reaching a 22-month low on Monday.
Bitcoin's price has now dropped to $32,338.60 (30,627.89 euros) as of Monday evening, a slump which amounts to the...
Politics
US House Passes $1.5 Trillion Spending Bill as Inflation Soars to 7.9%
The US House passed a $1.5 trillion spending bill which will keep the government funded until September.
The nearly 3,000-page bill passed with bipartisan support in the House, and will now make its way to the Senate.
Shalanda Young, White House...
Business
Unemployment in Greece Falls to 11-Year Low in December 2021
Greece's unemployment rate fell to 12.8% in December 2021, marking a significant decline over December 2020's 13.4% and November 2020's 15.5%, according to official figures released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
During 2021, Greece experienced wild swings...
Greece
Greek Sea Cucumbers Could Be Next Delicacy
Greek sea cucumbers may soon be on the menus of restaurants around the world. Although they are delicacies in some cultures, many people have no idea that the sea creatures are even edible.
Fishermen on the Dodecanese islands in Greece...
Economy
Greece Promises Billions in Aid for Fire Victims, Reforestation
Greece's Minister of Finance and other officials announced details regarding aid for fire victims on Tuesday afternoon.
Economy
Greece’s Piraeus Bank Optimistic for the Future
One of Greece's largest banks, the Piraeus Bank, issued a statement on Wednesday regarding its performance so far in 2021.