Greek Economy

Greek Prime Minister Antonis Samaras says happy days will be back in Greece again with new bailout loans coming to help the economy turn around and said his coalition government will turn now to imposing more reforms demanded by...

The Greek economy is expected to shrink by 4,2% this year and to show a positive growth rate of 0,6%, according to the International Monetary Fund’s new World Economic Outlook. The IMF expects a negative inflation rate of 0,8% for...

Partially offsetting dire news for the rest of the economy, Greek exports took off in 2012,giving the country the distinction of the biggest growth in the area, climbing two places in the 27 countries of the European Union as...

Greek economy contracted less in the last three months of 2012 than initially estimated, according to Greek statistical agency. Greek gross domestic product shrank 5.7% October through December, compared with the same period in 2011. Last month ELSTAT estimated a fourth-quarter...

Greek Finance Minister Yiannis Stournaras said the government has saved the country from its crushing economic crisis and that a deep recession, now in its sixth year, will end and recovery will begin next year, a prediction at odds...

Although Greece failed in 2012 to reduce its budget deficit to 5.4 percent of Gross Domestic Product (GDP), the Finance Ministry said it lowered its primary deficit by 1.1 billion euros ($1.46 billion) more than expected. The government was aiming...

Eurozone finance ministers approved a 9.2-billion-euro loan tranche for Greece on Monday. Eurogroup - as expected - focused on who will preside over its regular meetings in the future. The ministers formally elected the Dutch Finance Minister Jeroen Dijsselbloem as...

The eurogroup’s decision earlier this month to release bailout funds to Greece shows European leaders are committed to keeping the country in the common currency, To Vima says, citing an interview with European Commission President Jose Manuel Barroso. Greece has...

The Greek economy is likely to start growing again in 2014, a top European Central Bank official said in a newspaper interview released Friday. "Greece will probably be able to show economic growth again in 2014," ECB executive board member...

Only 22% of Greek households are satisfied with their financial situation, three times less than the European Union average, according to a Eurobarometer survey published. Seventy-seven percent of Greeks described their household finances as "rather" or "very bad," against...