Eurozone

The cost of labor was increased by 2.2 percent in Euro-area during the second quarter of 2018, according to data published by Eurostat. This didn’t happen due to higher wages but mainly because of the increase in taxation of labor. Across...

European Commission President Jean-Claude Juncker has praised Greece's "Herculean efforts" during his annual state of the union address to the European Parliament on Wednesday. Juncker stated that Greece has succeeded in concluding the stability program and can stand on its own feet...

A senior eurozone official has said that the issue of upcoming pension cuts will go forward as soon as representatives of Greece's creditors go to Athens in late September for the first post-bailout inspection. The Greek government has recently stated...

Ten years ago, in 2008, Greece had the 13th place among the European States who share the Euro as their currency, regarding the taxes-to-GDP ratio. After 10 years and three bailout programs from the International Monetary Fund and the...

Amid the hype over Greece's debt-relief deal struck with the Eurogroup on Thursday, dissenting voices have emerged, critical of the agreement which is said to chart Greece's exit from its international bailout. At home, Greece's main opposition party, New Democracy,...

Eurozone lenders will put together a debt-relief deal for Greece that will be credible to markets and involve a rescheduling of loans from the second Greek bailout, said Mario Centeno, chairman of the eurozone finance ministers' group, according to...

Greece's eurozone creditors and the International Monetary Fund are trying to find a last-minute solution to the country's debt mountain so that the IMF contributes financially to the third bailout program. The Greek rescue program ends on Aug. 20 and...

IMF agreement will not be necessary for a June 21 meeting of eurozone ministers to back Greek debt-repayment measures, it was claimed on Tuesday. Media reports citing an unnamed EU source in Brussels stated that Thursday this week would see...

Greece has presented a draft plan of growth to its EU creditors that could be implemented after the end of the current bailout program in August. Alternate Finance Minister Giorgos Chouliarakis briefed Eurozone officials about the plan at the Eurogroup...

  Greece's annual inflation was 0.4 percent in February, Eurostat reported on Friday, putting it among the lowest rates in the eurozone and below the EU average of 1.3 percent. The data placed Greece among Cyprus, Denmark and Italy as having...