Greek Economy

"It is premature to talk about a Greek exit from the Memorandum, as we should first conclude the fifth review of its economic development in November, and then in December we can discuss about what is going to happen...

U.S. based multinational banking and financial services corporation Citigroup is examining what a SYRIZA government might mean for Greek equities, taking in account the upcoming presidential election in Greece and the risk of early general elections which might bring...

Even in the current climate of economic reform overtaking Athens, tax evasion rates remain startlingly high in Greece, with an estimated one in four economic transactions going unrecorded. In fact, a recent report conducted by Stephen Hall, an adviser to...

A few years ago, the Greek Tourism Organization launched a campaign dubbed "Live Your Myth in Greece." It was good, catchy, and it worked. Today, following the 2015 budget proposal, it seems that the ministry of finance officials are...

In the 5th year of the Greek economic crisis, Greece has good fiscal news as it continues to build a primary surplus, but for debt, reforms and unemployment it has made only limited progress.

After six years of the recession's relentless battering of the Greek economy, unemployment continues to be a major societal problem. Unemployment rates may vary survey-to-survey, but all lead to the same troubling conclusions. Record-high unemployment in Greece has not spared a single...

Angela Merkel's praise for Greece's economic reform is capturing German headlines in the wake of Prime Minister Antonis Samaras's recent visit to Berlin. "Greece is determined to recover," reads the daily Spiegel, which noted that Samaras informed Merkel that no new aid...

Standard & Poor's ratings agency upgraded Greece's debt rating, thanks to the country's progress in its fiscal reform efforts and its potential return to economic development. S&P placed Greece at B from B-minus, while they announced on Friday that the outlook for the rating...

European Central Bank's decision to buy 500 billion euro bonds and cut interest rates by 0.05% is expected, according to analyst estimates, to boost the European economy that is threatened by recession and deflation. This decision means that the ECB will print money, loosen...

High debt and unemployment are the most important problems that the Greek economy is facing, Eurogroup President Jeroen Dijsselbloem told the Economic and Monetary Affairs Committee of the European Parliament on Thursday. Dijsselbloem had good things to say about Greece during...