GSEVEE
Business
Another 40,000 Greek Stores Shuttering
While Greek Prime Minister Antonis Samaras says the country is on a course to begin a recovery by the end of next year, the lingering effects of austerity measures are continuing to kill businesses with another 40,000 expected to...
Business
Greek Retail Workers Face 13% Pay Cut
With the government set to transfer or fire 40,000 public workers and employee rights being decimated during a crushing economic crisis, the President of the National Confederation of Greek Commerce (ESEE), Vassilis Korkidis said businesses want a 13% wage...
Economy
Greek Eateries Keeping Reduced VAT
The first week of a five-month trial in Greece of cutting the Value Added Tax (VAT) from 23 to 13 percent on food services such as restaurants and tavernas isn't going well, with 92-95 of the eateries not reducing...
Economy
Greek Business Closings Bleeding Jobs
While Greeks protested the coming loss of as many as 40,000 public sector jobs as the government readies to start firings, austerity measures imposed on the orders of international lenders are continuing to take a bigger toll in the...
Economy
Half of Greeks Can't Pay Bills
Beset by relentless pay cuts, tax hikes, and slashed pensions that have eaten up 46.5 percent of their income, half of Greek households report they couldn't pay their everyday bills last year, forcing them to borrow money from relatives...
Economy
Samaras in Brussels as Greeks Protest, One Dead
With Prime Minister Antonis Samaras in Brussels pleading with European Union leaders for the release of more rescue monies, some 70,000 Greeks roared through the downtown of Athens to protest more pay cuts, tax hikes and slashed pensions demanded...