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Greek economic crisis

New Italian Book Explores Greek Financial Crisis

Italian historian Francesco Angelone has released a book dedicated to the Greek financial crisis. The book, “La Troika sull'Acropoli” (The Troika over the Acropolis), was first presented in Rome. Published by Bordeaux, "La Troika sull'Acropoli" discusses the last forty years of Greek...

Children Abandoned due to Economic Crisis

Despite gradual signs of economic recovery and monthly negotiations with the troika, significant social ills continue to torment Greek society. Child protection centers often face serious problems in the midst of economic crises; in the case of Greece, serious obstacles...

FT: Tsipras Presented as the Next Greek Prime Minister

“As you would expect from the leader of Greece’s radical left opposition party, Alexis Tsipras has many pungent criticisms of eurozone economic policy: demand is too weak; fiscal discipline too severe; debt repayments too high; and, consequently, growth is...

IMF Proposes Structural Reforms for Greece Instead of Wage Cuts

The current internal devaluation process in Greece includes job cuts and shrinking of domestic demand rather than structural reforms which could increase productivity, noted the International Monetary Fund (IMF) on a new report analyzing the amount of responsibility that the northern...

Bus Stop in London Tells a Sad Story of Greece

An advertisement in bus stops of London tells a sad story about Greece in figures. The picture of the bus stop advertising has traveled around the world. In just 13 lines, the advertisement describes the tragic situation in Greece since...

USA Today: Greek Bureaucrats Resemble Those of Soviet Union

There are poor people, there are successful people and in between there are bureaucrats. It is not the first appearance of this New Class in world history. At the moment, it resembles a social class that used to exist many...

12 Multinational Groups Keep Investing in Greece Despite Crisis

The analysis of the financial results of 12 subsidiary companies of international groups that operate within Greece for 2013 show that multinational companies have shown greater resistance to the economic crisis than Greek companies. At the same time, many...

Greece’s Austerity Orphans on The New York Times

The New York Times has published a slideshow on its website about the abandonment of children in Greece entitled “Greece’s Austerity Orphans”

ELSTAT: Greece's Economy Still Shrinking, -1.1% GDP Q1 2014

Greece's economy shrank by 1.1% in the first quarter of 2014, said Greece's Finance Ministry May 15, citing ELSTAT data. Last year, the recession shaved 6% from Greece's gross domestic product (GDP), according to ELSTAT, so this year's data indicates that Greece may now be close...

Thessaloniki 'Victim of Economic Crisis' Commits Suicide

A 57-year-old man in Thessaloniki chose the date of his birth to take his own life after falling into depression when the bond haircut cost him his life savings. The tragic incident occurred yesterday afternoon, when his wife spotted him hanging from a tree near the...