Greek Economy

Following the economic recovery that started last year, Greece advances 10 spots to reach 81st place, according to the Global Competitiveness Report 2014-2015. The Global Competitiveness Report 2014-2015 assesses the competitiveness landscape of 144 economies, providing insight into the drivers of their...

Greece's economy shrank slightly more than expected in the second quarter of the year. It contracted by 0.3% but remains on course to emerge from a six-year recession in the coming months, according to figures published Monday. Greece and its...

The Board of Directors of the European Financial Stability Facility (EFSF) approved on Wednesday the disbursement of a 1 billion euros loan tranche to Greece, "taking into account the implementation of a set of milestones agreed in April 2014". EFSF...

Greece continued to beat its budget targets, the Finance Ministry said Wednesday, posting a smaller-than-expected deficit for the central government in the first seven months of the year and a primary surplus three times better than targeted. The Ministry reported a...

AP - Greece's economy is shrinking at its slowest rate in nearly six years. Official figures Wednesday from the Statistical Authority show that Greece 's economy was only 0.2 percent smaller in the second quarter than it had been a...

According to an exclusive Reuters report, Brussels is considering stopping Troika’s operations in overseeing the economic reforms in Greece in order to aid Athens in executing its plans to strengthen the country’s economy in exchange for the gradual reduction...

Speaking from the Parliament podium, Greece's Finance Minister Gikas Hardouvelis voiced his support for the latest government omnibus draft bill, saying the worst is over. As Hardouvelis says, the closer Greece gets towards the end of its economic adjustment program,...

AP - Moody's ratings agency late Friday upgraded Greece 's government bond rating, predicting a gradual decline of its massive national debt. The agency is also citing a continued commitment by the bailed out country's conservative-led government to improve public...

The spokesman for the European Commission, Antoine Colombani, has confirmed the meeting of the Greek government's officials with the Troika of international lenders in Paris. Colombani said that a preparatory meeting will be held in Paris in early September between the...

Deputy spokesman of the IMF William Murray said that representatives of Greece’s Troika of international lenders will arrive in Athens in the second half of September to begin the sixth review of the fiscal adjustment program. Asked to comment on...