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Greek economic crisis

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...

The 'Forgotten' Greek Economic Crisis

Europe might seem to have lost interest in the Greek economic crisis due to the latest terrorist attacks and the refugee crisis but this doesn't mean interest will not return. The same can be said about Germany's Finance Minister Wolfgang...

Graffiti in Athens: Street Art Renaissance or Crisis Outcry?

We spoke to one of Greece's most popular street artists to find out if the crisis played a role in Athens' graffiti renaissance. A few months ago a German friend of mine who was visiting Greece told me she considers...

Leaving the City of Crisis for the Village of Figs: Marinos' Story

Marinos Tousert is another young graduate who left Athens in the midst of the economic crisis and relocated to his village in order to get a job at his family's fig business. These last years, Marinos has been living in...

Private Sector Deposits up 305M Euros in August‏

Private sector deposits in Greek banks grew by 305 million euros in August, after a decline by 1.397 billion euros in July, totaling 121.138 billion euros, up from 120.833 billion in August, but sharply down compared with 237.8 billion...

Number of Unvaccinated Children in Greece Rises due to Economic Crisis

The Greek branch of Doctors of the World reported in a recent press conference that more than 250,000 children in Greece do not have access to public healthcare and do not receive the necessary vaccinations. Doctors of the World general...

Turkish PM: 'We Are Ready to Help Greece'

"We are ready to help Greece survive its economic crisis with cooperation in tourism, energy, trade," Turkish Prime Minister Ahmet Davutoğlu said on Tuesday in Turkey's capital, Ankara, announcing this way his country's willingness to assist neighboring Greece get...

Young Greeks Are Moving Back in With their Parents

Bloomberg news agency published an article describing the struggle and the difficult situation that young Greeks are facing at the moment, due to the economic crisis, based on statistics provided by Eurostat. According to the agency, more and more...

Austerity Themed Street Art in Athens

Through an extensive photographic article, entitled “Athens: A Canvas for Austerity-Themed Street Art,” the news agency Bloomberg presented several works of art found in the streets of the Greek capital that were inspired by the economic crisis. The article noted...