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Eurozone

Worry, Fear, Insecurity: The International Media on Greek Political Developments

After the third successive unsuccessful ballot for the election of the new President of the Hellenic Republic, international media once again has their eyes on the Greek Parliament, with reports mainly focused on the uncertainty emerging from the early...

Greece in 'Pessimist's Guide of 2015'

Bloomberg has asked a number of political analysts, economists, investors and military experts to submit their views on which country is in danger of an upheaval in 2015. The “Pessimist's guide of 2015” includes various countries that faced difficulties in the previous...

Tourist Arrivals in Greece Break 20-million 'Barrier,' Boosting Revenue by 10.6%

Tourist arrivals in Greece jumped 21.9% to top the 20 million "barrier" in January-October 2014, boosting travel industry revenue by 10.6% compared to the same period in 2013, Bank of Greece (BoG) reported on Tuesday. Total travel revenue for the...

Klaus Regling: Higher Uncertainty in Greece

"Higher uncertainty seems to exist in Greece in comparison with Spain, Portugal and Ireland, where governments have changed but the adjustment program continued with small changes. Governments supported the overall direction and therefore the markets were appeased," stated...

EFSF Approves Two-month Extension of Greece’s Bailout Program

Following a similar decision by the council of eurozone ministers, the board of the European Financial Stability Facility (EFSF) decided on Friday to grant Greece a two-month technical extension of its 2nd economic adjustment program financed by the fund. Instead...

PM Samaras: 'Political Uncertainty in Greece Will be Resolved'

Arriving for a EU leaders' summit taking place in Brussels on Thursday, Prime Minister Antonis Samaras expressed his conviction that Greek politicians would finally resolve current instability and not place the country's achievements and sacrifices at risk. "I am not...

Former EU Commissioner Rehn: SYRIZA is Committed to the Eurozone [Video]

His firm belief that Greek main opposition SYRIZA and its leader Alexis Tsipras are devoted to the country's participation in the Eurozone, voiced the former European Commissioner for Economic and Monetary Affairs, Olli Rehn, while answering questions over the...

Eurostat: -1.2% Inflation Rate in Greece

Deflation slowed down in Greece last month according to annual Eurozone inflation rate figures released by Eurostat on Wednesday, which gave an annual rate of -1.2% for Greece in November 2014, from -1.8% in October. Annual inflation throughout the Eurozone...

German Officials: If Tsipras Proceeds with his Program, EU Will Give No Money to Greece

“Quiet Christmas? Not for Greece and therefore not for the Eurozone either.” This is the conclusion of today’s German newspaper "Die Welt," which in an article entitled “The election that could plunge the whole of Europe into chaos,” foresees...

EU Commission President: By 'Extreme Forces' I was Referring to the Extreme Right

"I do not speak Greek therefore I do not know what the Greek newspapers wrote. I cannot understand why the Greek left defends the extreme right." With these words the President of the European Commission Jean-Claude Juncker closed his...