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Euro Equal to the US Dollar for First Time in 20 Years

The exchange rate between the euro and the US dollar is the same on Tuesday for the first time in 20 years. As of Tuesday morning Greek time, one euro is equal to exactly one dollar, meaning that the value...

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...

January 2002: Greece Enters the Eurozone

It has been 20 years since Greece's accession to the eurozone, an anniversary that has been overshadowed by the spread of the COVID-19 omicron variant

Greece Raises $3 Billion by Reissuing 5-Year and 30-Year Bonds

Greek Finance Minister Christos Staikouras announced the successful reissue of Greece's 5-year and 30-year bonds. These bonds allow investors to invest in the Greek government's sovereign debt for the next 5 or 30 years, depending on which bond they...

Euro 2020: England Reaches Final for the First Time in History

Euro 2020: Millions of England fans are out in the streets celebrating their country's first ever presence in a Euro final. England was the dominating force throughout the majority of the game and though Denmark opened the score with...

Euro 2020 Quarter-Finals: Italy Edges Belgium 2-1

Italy knocked out FIFA top ranked Belgium by two goals to one, continuing their spectacular performances in the Euro 2020. The Mediterraneans scored twice in the first half with Nicolo Barella (31') and Lorenzo Insigne (44') while Belgium found...

Croatia and Bulgaria Enter Process to Convert to Euro

The Balkan states of Croatia and Bulgaria have entered the European Central Bank's program for nations which would like to adopt the euro as their official currency, according to a recent statement from the Bank. The two nations have joined...

Coronavirus: UEFA Postpones Euro 2020 Championship for One Year

The latest ''victim'' of the global Covid-19 coronavirus pandemic on Tuesday was the Euro, Europe's most well-known and beloved football championship for its national teams. The UEFA European Football Championship, as it is officially known, was scheduled to begin on June...

Greece Issues Commemorative Coins for 2500th Anniversary of Battle of Thermopylae

Greece will soon issue two commemorative coins to mark 2500 years since the historic battle of Thermopylae, fought in 480 BC. Their official announcement took place recently in Berlin, during the event called the ''World Money Fair 2020,'' which was...

Could 2020 Signal the End for the 1 and 2 Euro Cent Coins?

The fiscal authorities of the European Union are considering the possibility of abolishing the coins which represent the value of one and two euro cents, according to an EU document that recently became public. The European Commission is thinking about...