Greek economic crisis
Europe
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...
Greece
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...
Greece
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...
Economy
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...
Europe
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...
Greece
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...
Business
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
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”
Economy
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...
Greece
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...