Greek economic crisis

Schaeuble: I was Accused of Being Very Generous with Greece (video)

"I have been accused of being very generous with Greece." These were the remarks of former German finance minister Wolfgang Schaeuble in an interview with Deutsche Welle. Schaeuble had been the finance minister of Germany—Greece's biggest lender—during the crucial years...

Tsipras on Eurogroup Decision: 'Today Greece Is Turning a Page'

Greece is turning a page with a decision that corresponds to the sacrifices of the Greek people, Prime Minister Alexis Tsipras said on Thursday, commenting on the decision taken by the Eurogroup on Greece, which unlocked the next loan...

Greek Economic Sentiment Index Down in May

Greek economic sentiment index fell to 93.2 points in May from 94.9 in April, but remained above last year's levels (90.1 points in May 2016), the Foundation for Economic and Industrial Research (IOBE) said on Thursday. IOBE, in a monthly...

WHO: Greek Adolescents are Most Obese in Europe

  The World Health Organization (WHO) released a new report on adolescent obesity in Europe and named Greece the champion of having the most overweight teens. The report said that 6.5 percent of Greek adolescents are overweight, meaning that one in...

SETE: The Only Sector Growing Stronger During the Crisis Is Tourism

Tourism has been the only sector strengthened during the crisis, Greek Tourism Confederation (SETE) said after a meeting with Prime Minister Alexis Tsipras, Tourism Minister Elena Kountoura, State Minister Alekos Flambouraris and government spokesman Dimitris Tzanakopoulos. The 2017 tourist season...

Bank Officials Say Depositors Still Wary Due to Capital Controls

Greeks are still not convinced that they can trust banks with their earnings, according to a recent report from the Bank of Greece (BoG). Not only are Greeks still stashing away their money under mattresses or in home safety boxes, the...

Trendy Ancient Greek Sandals Elude the Economic Crisis in Greece

There are many readily evident examples of the economic crisis that has gripped Greece over the past several years. Businesses have closed, shops remain empty and not many new businesses have managed to flourish given the banking situation making it...

Surprise from Lagarde: Let the Olympic Games Come Home to Athens, Permanently

While at the Aspen Ideas Festival in Aspen, Colorado, Christine Lagarde, Managing Director of the International Monetary Fund (IMF) shocked many with her response to an idea put forth by Kitty Boone, Vice President and Executive Director, Public Programs...

Bank of Greece Report Concludes: 'Greeks' Health Deteriorating, Life Expectancy Shrinks'

The Bank of Greece released its Monetary Policy Report 2015-2016 with some shocking admissions enclosed. The report says that “while it takes longer to record the exact effect, trends show a deterioration of the health of Greeks in the years...

NBG Head Katselli Rules Out Deposits Haircut and Banks Recapitalization

Hellenic Bank Association president and National Bank's chief Luca Katseli said in an interview with Kathimerini newspaper, on Sunday, that the possibility of a deposits haircut and a new banks recapitalization is out of the question. "Greek systemic banks just came out...