Greek Economy

According to Bloomberg news agency, Greece is planning on issuing three-year bonds amounting to 2-3 billion euros at the beginning of next week, after the country exited from its “market exile.” A government official who preferred to remain anonymous, spoke...

The Brookings Institution’s European Growth Project was completed last week in Athens, with the third and final roundtable discussion on European economic issues, following previous meetings in Madrid (March 2013) and Berlin (May 2013). The roundtable conversation was followed by a...

"As confidence in the eurozone has risen, investors have returned to Greece," says a recent article by Financial Times entitled "Greece: hit or myth." According to the article the Hellenic Telecommunications and Public Power Corporation (PPC) have both returned more...

A survey commissioned by the Foundation for Economic and Industrial Research (IOBE) and The Boston Consulting Group, entitled “The role of structural reforms and the prospects of the Greek economy” found that Greece has yet to establish a strong...

The Greek Finance Ministry announced that the Greek economy shrank by less than 1.5% in the first quarter of 2014, ahead of GDP data from the Hellenic Statistical Authority (ELSTAT) due this week. Although this would be the 23rd consecutive quarter...

German Finance Minister Wolfgang Schäuble has acknowledged Greece’s progress but underlined that, unless Greeks continue their efforts, they won't achieve their goals. To accomplish that, he pointed out, Greeks should not get carried away by irresponsible promises from politicians. According to Schäuble, Greece...

The inability of the Greek citizens to meet their tax obligations has created a 62.5 billion euros backlog, 3.5 billion euros of which was accrued in the first quarter of 2014, according to official figures. Meanwhile, the Greek state itself is also...

The Greek economy has begun to recover due to increased tourism and improved confidence, according to the bi-annual Economic Outlook report of the OECD. The economic growth rate will gradually become positive during 2014, says the report, and it is expected to rise...

New data released by Greece's Finance Ministry shows that one in four citizens owes money to the Tax Bureau, which is now due a total 62.5 billion euros. However, according to the General Secretariat of Public Revenue, in January 2014, the number of people...

The European South must collaborate to overthrow austerity, legendary Socialist politician Mario Soares said in Porto, northwest Portugal, late on Saturday, following a meeting with Greek main opposition SYRIZA leader Alexis Tsipras, who is campaigning as European Commission candidate...