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Eurostat

Greeks Getting Milked on Dairy Price

The price of fresh milk in Greece is the third most expensive in Europe, behind Cyprus and Italy. From now on, there will be two types of milk in the Greek market: fresh milk with two-day expiry and long-lasting milk with...

Samaras Readies Election Cash Giveaway

With crucial elections looming in May and the government ruling parties behind in the polls, Prime Minister and New Democracy Conservative leader Antonis Samaras is set to reveal how a so-called "social divided" will be doled out to a...

Eurostat: Life goes on…and on, in Greece despite crisis

Despite two years of harsh austerity measures and rising unemployment, life expectancy in Greece hasn’t dropped and young Greeks didn’t quit school to find work, as happened in other crisis-hit countries, according to Eurostat’s quality of life indicators for 2012. Data...

Samaras To Troika: Show Me The Money

After reaching a still mostly-secret agreement with international lenders, which included a big cut in how much money from a primary surplus would go to people most affected by austerity, Greece now wants a quick release of a long-delayed...

Greek Bond Spread Reaches 500 Points

For the first time since the end of 2009 the spread of Greek bonds, especially decade-bonds ending in 2023 reached 500 points. This means that their yield is 6.6%. The purchase of Greek bonds by foreigners has been moving at...

Greece: Prices Lower, but Households Still Struggling

The prices of basic commodities may be lower than in other European Union countries, but the cost of living in Greece remains higher. That was the conclusion of the National Confederation of Hellenic Commerce (Esee) after studying the findings of...

Greece, Champions of Unemployment

Eurostat’s data on unemployment in the EU show the nightmarish dimensions of Greek unemployment and revealed that unemployment in Greece went even more south in November 2013. The Greek unemployment rates for young people and females remain the highest...

Nine Greek Regions Among the Poorest in Europe

Nine out of the existing thirteen Greek regions were ranked below 75% of EU’s average per capita GDP, according to data concerning 2011 that was released by Eurostat today. The Ionian Islands were close to the border line, while the only Greek...

Not So Fast: Troika Talks Tough

Greece's claim that a deal with its international lenders was imminent over unsettled reforms and a hole in the 2014 budget appeared overly optimistic as the two sides became involved in tough negotiations that must be finished before a...

Dijsselbloem: More Aid for Greece to Be Decided 'After Summer'

Jeroen Dijsselbloem has said there is no need to discuss debt relief for Greece until August, with German Finance Minister Wolfgang Schaeuble suggesting that the summer will be the time to also discuss a possible third bailout. Eurogroup chief Dijsselbloem...