Greek Economy

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...

A National Bank of Greece survey on the country's economy has found its Gross Domestic Product will have declined by an astounding 25 percent in a five-period through the end of 2013 as the country's deep recession continues. One in...

The Greek economy has been tanking for years now as the country struggles to balance its budget by imposing deep austerity measures. But the country's richest residents haven't noticed. Many aren't taxed at all, and some of those that...

Greece’s Prime Minister Antonis Samaras told his EU counterparts here this evening that an overdue E31.5 billion loan tranche from his country’s bailout program should be paid in full – not in installments – and as soon as possible,...

Unemployment among Greek youth hit 55.4 percent in August, making it the worst in the 27 countries of the European Union and another sign the crushing economic crisis is not abating. According to the  report from Eurostat, the official statistics...

Greece's economy is expected to contract by more than expected in 2013, in its sixth year of recession, according to a draft budget the government will submit to parliament Monday, under the weight of the next round of painful...

Greek pensioners who have had money deducted from their salary for years for a lump sum payment to be awarded when they retire would lose half what they are owed under one government scheme to reduce costs. That means, for...

In a discussion with guests about the Greek economy on Wednesday night's program, Jeremy Paxman said, "So the rest of the Eurozone now contemplates something we were being told wasn't conceivable recently, that, like a bad kebab, Greece is...

Greece’s economy shrank in the first three months of 2012, the 13th contraction in the past 14 quarters as policy makers struggled to stay in the euro. Gross domestic product dropped 6.2 percent from a year earlier in the first...

Greece's economy will contract by a steeper-than-expected 5 percent this year, the country's central bank chief said in a speech to the bank's shareholders on Tuesday. The central bank in March had forecast a 4.5 percent contraction in the economy...