Greece
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EU Commission

Hotspots on Greek Islands Better Prepared

The European Commissioner for Migration, Dimitris Avramopoulos, said on Tuesday that the Greek islands are better prepared to host migrants this winter in comparison to previous years. However, there is still opportunity for improvement, he said when asked about the...

Moscovici Says Greek Sacrifices Now Bearing Fruit

Cuts in Greek pensions were not legal or even necessary, stated European Commissioner for Economic and Financial Affairs Pierre Moscovici on Tuesday. In his remarks to a meeting of the Eurogroup, he stressed that the ''Greek people's sacrifices are now...

EU Commission's Autumn Forecast: Greek Economy To Grow By 2 % in 2019

The Greek economy is expected to grow by 2 per cent in the next three years, the European Commission said in its autumn forecast report released on Thursday. The Commission report noted that Greece exited the adjustment program with...

EU Commission on Greece's Pensions Cuts: Apply What Has Been Agreed

The European Commission has dismissed the report by the Athens-Macedonian News Agency (AMNA) that claimed that Greece's creditors have agreed to cancel the pension cuts due to come into effect in January. Commission spokesman Alexander Winterstein, asked to comment on...

Greek Debt Viability Trajectory Worse than Expected

The sustainability of the Greek debt over time is one of the major issues tackled by world economists and a new report by the EU Commission shows that it's projected trajectory is worse than originally calculated. The report by the...

EU Commission Approves Greek Renewable Electricity Auction Scheme

The European Commission has found a Greek auction scheme for the production of electricity from renewable sources and high efficiency co-generation to be in line with EU State aid rules. The scheme will further EU energy and climate goals whilst...

EU Commission Orders Greece to Recover €55 Million in Defence Aid

The European Commission ordered Greece on Monday to recover up to 55 million euros in state aid from Hellenic Defence Systems (HDS), a largely state-owned company that manufactures defence-related products. Greece granted a number of support measures between 2004 and...

EU Auditors Criticize Handling of Greek Bailout Programmes

The EU handling of the Greek debt crisis successfully imposed reforms and avoided a catastrophic default by Greece, but failed in ensuring Athens could stand on its own feet financially, an EU auditor's report said on Thursday. "These programmes promoted...

EU Commission Report Praises Greek Reforms, Asks for More

The European Commission talked up the Greek government's reform drive, but warned that more reforms are required, as creditors are reviewing the bailout terms and considering a post-bailout landscape for Greece. “Greece has undertaken significant reform efforts across all policy...

EU Commission Revises 2017 Greek Economic Growth Downwards at 1.6%

At its latest economic forecast for Greece, the European Commission revised its estimate for the country's 2017 economic growth from 1.8% to 1.6%. This is the third consecutive downwards revision of Greece's growth estimate from 2.7% early this year, to...