Greek Economy

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...

George Papandreou said on Thursday that the comprehensive package would include issues such as the need for deeper economic cooperation, integration and governance, the strengthening of the EFSF and the strengthening of the European banking system. “We need to ensure...

While Greek economy makes negative headlines globally, some Greek companies are still strong and are not only growing during this crisis, but are inventing new products that are loved by millions around the world. A great example of such...