Greek Economy

Seventeen firms expressed initial interest in the privatisation of Greek natural gas company DEPA, one of the country's major assets to go on the block to help pay down public debt, its privatisations agency (HRADF) said on Friday. The agency...

Financial stress in Europe has eased recently, but risks remain for U.S. financial institutions and money market funds, Federal Reserve Chairman Ben Bernanke said in remarks prepared for a Wednesday congressional hearing. Strains on the European banking system could spread...

"Available non-seasonally-adjusted data indicates that, in the 4th quarter of 2011, gross domestic product (GDP)...decreased by 7.5 percent in comparison with the fourth quarter of 2010, compared with a decrease of 7.0 percent that was calculated for the flash...

The Greek economy shrank by 7.0 percent in the fourth quarter of 2011, compared with the corresponding period in 2010, Eurostat announced. The EU executive statistics agency, in a report published here, said the Eurozone economy grew by 0.7 percent...

Greek Finance Minister Evangelos Venizelos warned Athens' private creditors on Monday not to hold out but take the bond swap on which a second bailout of the debt-ridden country depends because it was the best deal they would get. Venizelos...

Greece was plunging deeper into recession at the close of last year, documenting the devastation of the country's economy even before new austerity plans are implemented in the months ahead. Greece's gross domestic product contracted by an annual rate of...

Greece faces the risk of a disorderly default in March if it doesn't complete negotiations for the country's second bailout starting later this month, Prime Minister Lucas Papademos said Wednesday. In a copy of his comments made in meetings with...

The Greek-German singer Vicky Leandros gave an interview on Berlin Tagesspiegel Daily, speaking about Greece and her short career as a politician in Greece in the past. Although the interview focused on Vicky Leandros' performances in Germany, she also talked...

Economic sentiment in Greece improved marginally in November after the appointment of an interim government helped consumer confidence inch away from record lows, but pessimism remained in all sectors of the economy, a think-tank said Monday. The Foundation for Economic...

Tourism and exports are the only sectors of the Greek economy that are managing to deliver any positive news during the general crisis in the country this year, as daily Kathimerini reports today. Bank of Greece data for the...