Greek Recession
Greece
Mitsotakis: 'The Country Is in Limbo and About to Become a Pariah'
For months now, the government has generated nothing but insecurity and uncertainty in Greece, main opposition leader Kyriakos Mitsotakis said on Friday, in a statement on video that was released to the press.
"The country is in limbo and about...
Economy
Tsipras Tells Cabinet that Eurogroup Meeting Was a Success, Despite Shortfalls
Greece's Radical Left Coalition (SYRIZA) Prime Minister Alexis Tsipras addressed his cabinet during a meeting on Tuesday, in the aftermath of the extraordinary Eurogroup meeting on Monday. "Today is an important day. And it is an important day because after...
Economy
Greek Alternate FinMin: Despite Difficult Measures Greece Will Exit Recession
In the midst of high speculation that Greece will miss deficit targets required in the Bailout Deal, Greek Alternate Finance Minister Giorgos Chouliarakis commenced the discussion on the prior actions bill the Greek Parliament must legislate via a vote on Friday,...
Economy
Unemployment in Greece Drops to 25.8% in October
Unemployment in Greece showed a drop in October, reaching 25.8 percent as opposed to 26 percent in September 2014, according to ELSTAT figures released on Thursday.
The Hellenic Statistical Authority (ELSTAT) figures show faint signs that Greece may be emerging...
Greece
Greeks Less Satisfied with Their Lives
A Eurobarometer report regarding life in Europe was released on Friday, revealing that only 42% of Greeks are satisfied with their personal situation compared to 58% in autumn 2013. Three quarters of Europeans (75%) appear satisfied with their lives.
According to the survey, conducted...
Economy
ELSTAT: Greece's Economy Still Shrinking, -1.1% GDP Q1 2014
Greece's economy shrank by 1.1% in the first quarter of 2014, said Greece's Finance Ministry May 15, citing ELSTAT data.
Last year, the recession shaved 6% from Greece's gross domestic product (GDP), according to ELSTAT, so this year's data indicates that Greece may now be close...
Greece
EU Commission: Long Greek Recession Can End Next Year
Greece will enter its sixth year of recession in 2013 but will start to come out of it in the second half of the year, leading to a modest expansion in 2014, the European Commission said Wednesday in its...
Economy
Greek Recession May Bottom Out In 2013
Greece's recession is unlikely to bottom out until sometime in 2013, an International Monetary Fund official said Thursday, though the country should be able to return to growth if it implements changes being forced on it by its international...