Greece
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Greek government debt

Eurostat: Greek Govt Debt Decreased to 168.8% of GDP

The highest government debt to GDP ratios in the Eurozone were recorded in Greece (168.8%), Italy (135.1%) and Portugal (129.6%), according to a recent Eurostat news release for the first quarter of 2015. However, the Greek government debt also recorded...

Greek Police Preparing for Attacks on State Buildings

Greek police are taking precautionary measures in order to prevent any anarchist or anti-authoritarian attacks to government or state buildings. The groups are disappointed with Greek Prime Minister Alexis Tsipras’ agreement with the European creditors which will result in...

Greek Crisis Brings New Opportunities for Investment

Omaira Gill notes that while the Greek government scrambles to repay its debts "behind the scenes investors continue to eye Greece with interest." "If investors are looking to make cheap purchases, then Greece is the place," the Abu Dhabi-based reporter wrote in...

IIF: Greek Euro Exit Could Cost €1tn‎

Most of the main financial-media outlets are commenting today on an internal document from the Institute for International Finance (IIF) which warns of the potentially large risks that could arise from a debt default by Greece. The document, which was...

Bank of Cyprus Loses 1 Billion Euros Over Greek Write-Off

Bank of Cyprus (BoC), the island's largest financial institution, reported a one billion euro ($1.32 billion) loss for 2011 after a write-down of Greek government debt. It said that, after a 60 percent impairment of the nominal value of Greek...