Eurozone
Economy
EU Economy Shifts From Almost Two Years of Trade Deficit to Surplus
After six consecutive quarters of deficit, the EU economy has finally shifted to a trade surplus with the rest of the world.
During the second quarter of this year, the European bloc recorded a minor surplus of €1 billion. This...
Europe
Croatia Becomes the 20th Member of the Eurozone
Croatia is becoming the twentieth country to use the euro in a major milestone for a nation of four million people that has long strived for closer integration with the rest of the EU.
Croatia's currency, the kuna, has used...
Economy
Inflation in Greece Eases as It Hits Record 10.6 % High in Eurozone
Inflation in the Eurozone areas hit a record high of 10.6 percent in October, up from 9.9 percent in September, according to the data released by Eurostat on Thursday. A year earlier, the rate was 4.1 percent.
This represents the...
Business
Inflation in Greece Climbs to 12 Percent in June, Growth Revised Downwards
Inflation in Greece reached 12 percent in the month of June from 10.5 percent in May and 9.1 percent in April, according to data released by Eurostat, the official statistical authority of the European Union announced on Friday.
The rate...
Economy
Inflation Soars to 8 Percent in Greece, 7.5 Percent in the EU in March
Inflation in Greece jumped to 8 percent in March, and to 7.5 percent in the EU, according to preliminary data released on Friday by Eurostat, the statistical office of the European Union.
The inflation rate in Greece was 7.2 percent...
Economy
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
Economy
Greece Hits Biggest Year-on-Year GDP Growth Rate in the Eurozone
Eurostat reported on Tuesday that Greece had the largest gross domestic product (GDP) growth rate in the third quarter of 2021 in the entire Eurozone.
The statistics agency said that Greece's GDP increased a staggering 13.7% in the third quarter...
Diplomacy
Former EU Chief Juncker Blames Merkel On Handling of Greek Crisis
Former European Commission chief Jean-Claude Juncker criticized outgoing German Chancellor Angela Merkel’s handling the Greek debt crisis in 2015 on Thursday, saying that her “hesitations” and “reluctance” undermined efforts to deal with the situation.
“I think her biggest failure was...
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.
Business
EU Posts Large Trade Surplus as Imports Drop in 2020
The Eurozone's trade surplus posted record numbers in June, swelling to 21.2 billion euros ($25 million) as the bloc experienced a corresponding record decline in the importation of goods due to the Covid-19 pandemic, according to a recent report...