Economy

AP - Moody's ratings agency late Friday upgraded Greece 's government bond rating, predicting a gradual decline of its massive national debt. The agency is also citing a continued commitment by the bailed out country's conservative-led government to improve public...

French Finance Minister Michel Sapin called for a relaxation of Eurozone economic policy in statements after a meeting with Greek Finance Minister Gikas Hardouvelis in Athens, Greece. "European policy needs new directions toward a recovery," Sapin said outside the Finance...

On the occasion of the 40th anniversary of the restoration of democracy in Greece, President of the Hellenic Republic Karolos Papoulias emphasized the need to protect the country’s democracy, highlighting it has undergone “multiple hits.” Papoulias stressed that no honor is enough and...

The first income tax installment is expected to be emailed to all Greek tax payers until the end of July. According to the Finance Ministry, tax payers are obligated to print the bill for the taxes they owe through taxisnet.gr...

Greek authorities on Monday reported a primary budget surplus of 707 million euros in the first six months of the year from a primary deficit of 1.511 billion euros in the corresponding period in 2013. This is more than...

The minimum guaranteed income will start being offered on a trial basis by the beginning of September, with its universal application scheduled to begin within the first half of 2015, Greece's Labor Ministry sources said on Wednesday. This was agreed...

*By Dr. Nicholas Economides - Through targeted investments, Greece will increase GDP and tax revenue as well as reduce unemployment and the debt/GDP ratio.

The government's economic team and the heads of the Troika are expected to meet again in September for the fifth review of the Greek program, in relation to a new settlement of the public debt. After a meeting between Greek...

The Troika of Greece’s creditors managed to reach an agreement with the Greek government today, that a comprehensive 'overall solution' will be sought on the issue of debt, held by banks and the state, and social insurance funds. The meeting was attended by ministers,...

Greek Prime Minister Antonis Samaras held a meeting with coalition government Vice-President Evangelos Venizelos, after the heads of the Troika expressed their dissatisfaction on the implementation of the measures agreed upon. Newly appointed Bank of Greece (BoG) governor Yiannis Stournaras was also...