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IME

IMA-GSEVEE Survey: Greek Housholds in Despair

The annual survey carried out by the Small Enterprises’ Institute (IME) of the Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE) reveals that the worsening of Greek households’ finances has led to big cuts in expenditure, especially for food,...

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...

Stournaras Pushes to Wrap Up Troika Deal

Greek Finance Minister Yiannis Stournaras said he hopes he can conclude negotiations with international lenders this week on a long-delayed $17.45 billion spending cut and tax hike plan that is needed to release a locked loan installment the country...

Greece to Press on With Austerity as Businesses Slam Troika Visits

Greece is to redouble its efforts to reach a deal with its creditors so that the loans it needs are handed over, the country's finance minister said in an interview published Saturday. "We have completed 90 percent of the road...