Greek Economy

The International Monetary Fund (IMF) estimates that Greece’s exit from the Eurozone would be “manageable,” although in such a case several measures would have to be put in place in order to ensure the protection of “vulnerable countries,” such...

Greek Foreign Minister Nikos Kotzias set the dilemma "Do they want to support us to have growth... or do they decide to have Greece struggle, to punish Greece, and create an example of what happens to a country...

European leaders and the Eurozone finance minister have been discussing Greece’s crisis and for the possible solution for a long time. At the moment, the country is gradually running out of money, while the Greek government is struggling to...

European Commission Vice-President Jyrki Katainen said on Friday he was very satisfied with his visit to Athens and that he was certain the Commission can work closely with Greece to create more jobs. "I learned a lot during my visit...

Greece's debt has grown over the last years and that is why British newspaper The Guardian published the following diagrams in order to determine how much money does Greece owe and to whom. The coming months are crucial for the...

Business Insider described Greece’s Finance Minister Yanis Varoufakis as an “unexpected finance minister who seems to have a sixth sense about trends in the Greek economy,” while the news website included him on its list of the 20 most...

Greek Prime Minister Alexis Tsipras said on Thursday, in a statement to Reuters, he is confident that Greece and its European partners will be able to work through their differences and reach to an agreement by the end of the month. He...

The Brussels Group is expected to resume its meetings on Saturday. Council of Economic Advisors (SOE) President Giorgos Chouliarakis, Finance Ministry general secretary Nikos Theocharakis and Greek Finance Minister Yanis Varoufakis' advisor Elena Panariti will participate from the Greek side. International Monetary...

Standard & Poor's Ratings Services lowered its long- and short-term sovereign credit ratings on Greece to 'CCC+/C' from 'B-/B'. At the same time, Standard & Poor's removed these ratings from CreditWatch, where it had placed them with negative implications...

The Greek economy is expected to grow faster, while fiscal deficit will fall further and unemployment will decline this year, the International Monetary Fund (IMF) said in its World Economic Outlook report. IMF is expecting Greek GDP to grow from...