Greece economy

Greece Rejoins World’s Developed Stock Markets After Debt Crisis Recovery

Greece’s stock market entered FTSE Russell’s developed-market group Monday, marking another step in the country’s recovery from the sovereign debt crisis that battered its economy and financial system. The change, effective from Monday, moves Greek shares out of FTSE’s...

Nearly 90% in Greece Struggle to Make Ends Meet, Eurostat Reports

Nearly nine in ten people in Greece (87.1%) struggled to make ends meet in 2025, the highest share recorded anywhere in the European Union, according to new figures released by Eurostat, the statistical office of the EU. The finding...

How Greece Came to Borrow More Cheaply Than France Despite Higher Debt

Greece now borrows more cheaply than France despite its heavier debt burden, a reversal that reflects sharply different trends in public finances and government funding needs. On Tuesday, Greece's 10-year government bond yield closed at about 4.29%, compared with...

Greece Plans Early €13 Billion Debt Repayment as Borrowing Costs Stay Below US

Greece is planning to repay about €13 billion ($15.1 billion) more of its bailout-era debt ahead of schedule, extending a remarkable financial turnaround that has taken the country from the center of Europe's sovereign debt crisis to borrowing at...

Stefanos Manos, Independent Voice of Greek Liberal Reform, Dies at 86

Stefanos Manos, one of the most distinctive and independent voices in Greek politics after the restoration of democracy, has died at the age of 86. A former minister who served in some of Greece's most significant government portfolios, Manos spent...

UK and Germany Remain Greece’s Top Tourism Markets as Growth Slows in 2025

The United Kingdom and Germany remained the two largest international tourism markets for Greece in 2025, while the United States held its position as the country's leading long-haul source of visitors, according to newly released data from the Hellenic...

Greece Cuts Household Debt by 43% Since 2012 Peak

Greece has reduced household debt by 43% since it reached its 2012 peak, one of the sharpest declines recorded anywhere in the European Union, according to new Eurostat data. The debt burden of Greek households, measured as a share...

Greeks Lead Eurozone in Shopping on Chinese Platforms Like Temu and Shein

Greeks are making purchases from Chinese online platforms at a higher rate than any other consumers in the Eurozone, according to new research by the European Central Bank (ECB) which highlights the continuing pressure of household budgets in Greece...

Fitch Revises Greece’s Outlook to Positive

Fitch Ratings has revised the Outlook on Greece's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Positive from Stable and affirmed the IDR at 'BBB-'. According to Fitch, Greece recorded a budget surplus of 1.3 percent of GDP in 2024 and...

Greece to Ask EU for Fiscal Leeway on Defense Spending

Greece will ask the European Commission to exempt its 2026 defense spending from the EU's budget rules as part of the so-called fiscal escape clause, the Greek Finance Minister said Tuesday. Speaking to public broadcaster ERT, Kyriakos Pierrakakis said the...