Greek Economy

Was the design of German monetary union flawed? Was it a mistake to adopt the euro? On the occasion of this historically important date, experts at DIW Berlin addressed these questions.

The resounding "No" in the Greek referendum on Sunday leaves the Greek banking systems and the Greek government in a bind. Without an extension of the ELA (Emergency Liquidity Assistance) by the ECB and despite the stringent capital controls, the...

Greece's finance minister Yanis Varoufakis says that the Greek NO vote landslide win on the July 5 Greek referendum is actually "a majestic, big YES to a democratic, rational Europe!" After a deadlock in bailout negotiations, Varoufakis and the SYRIZA...

  The Greek people have voted, saying a resounding No to the terms of the bailout deal offered by their international creditors. What will this mean for Greece, the euro and the future of the EU?  Here's what experts say...

While Greek citizens are trying to remain calm amidst the chaotic situation in the country, after the imposition of capital controls, foreign media are constantly providing advice to tourists planning their vacation in Greece. On Tuesday, June 30, BBC published...

People across the globe have started considering the possibility of a Greek exit from the Eurozone, but what would that mean for the European monetary union? The Wall Street Journal attempted to find the answer to this question in a...

The European Financial Stability Facility (EFSF) announced on Friday that it will not demand immediate repayment of Greece's loans, while it reserved the right to do so in the future. The decision was made in the wake of Greece's failure to...

Greece is a country of more than 10 million inhabitants, with a diaspora that reaches 6.5 million. Over the years, Greeks have settled in every part of the world, from Australia, to Germany and the U.S., but they never forgot...

  Opinion, by Phaedon Boukas There are reasons why the most glorious country of ancient times defaulted to the IMF and went bankrupt, becoming the economic pariah of the world in the 21st Century. IMF put Greece in arrears on June 30 after...

The tourism industry has always been a large part of the Greek economy. It accounts for 20% of the country’s GDP and brings life to many Greek islands. However, people were worried that the political uncertainty and the effects...