recession
Economy
Citigroup: Recession in Greece Will Continue Until 2015
According to Citigroup's new report, the recession in Greece will continue until 2015, while the Greek debt and the unemployment rate will increase. Citigroup mentions that only an Open Systems Interconnection (OSI) model can put Greece in a sustainable fiscal path.
As...
Business
Small Enterprises are Hit Hardest by Recession
In Greece, small and medium-sized enterprices (SME) have been hit by the extended recession much more than the larger enterprises. However, according to the annual report of European Commission on SMEs, published on November 26, it appears that the...
Economy
OECD: Greek Recession Will Continue into 2014
According to an OECD report (Organization for Economic Cooperation and Development) published on Tuesday, the recession in Greece is predicted to continue in 2014. The economy will not recover before 2015.
OECD predicts recovery of the Greek economy in 2015,...
Economy
De Morgen: European Debt Crisis Will Return Harsher in Autumn
The Flemish newspaper De Morgen wrote an article under the title “The EU is heading towards a hot autumn”, claiming that the European debt crisis will return harsher in autumn.
A special reference is done for Greece, which, “although has...
Economy
Despite Recession, Greek Prices Stay High
According to the latest report of Europe's statistical agency Eurostat, Greece remains among the most expensive countries in the EU despite the economic contraction and radical cuts to salaries, pensions and benefits.
Figures also show that prices in the debt-ridden...
Europe
BBC Visits Zakynthos Finding Empty Hotels and Islanders in Despair
The world-class British network BBC reports that Greek tourism is at an ominous state in light of the coming summer season. A BBC journalist traveled to Zakynthos to write a rather disappointing article about Greece’s once highly successful industry....
Europe
British ‘Daily Mail’: Greek Crisis Tearing Families Apart
While recession in Greece deepens, more and more families watch their everyday lives turn into a frenzy of hopelessness and poverty. The social impact of the debt crisis is directly connected to the severe cuts in pensions and salaries,...
Greece
Τhree Public Workers Commit Suicide Within Fortnight
Α new suicide attempt was announced Wednesday by the president of POE-OTA (Federation of workers of all specialisations in the Municipalities and local communities of Greece), Themis Balasopoulos.
According to Balasopoulos, two workers in the Municipality of Athens (one of...
Economy
Suicides On The Rise In Greece
Minister of Citizen Protection Mr. Christos Papoutsis presented a report to the Greek parliament on January 11 concerning deaths by suicide and attempted suicides in the country, confirming the already gloomy picture painted in the previous months.
A total of...
Economy
Greek Birth Rates Decline Amidst Financial Crisis
The financial crisis plaguing Greece is now affecting motherhood as well. A recent global research study has revealed that birth rates are rapidly declining lately in Greece and this trend is attributed to the financial difficulties directly affecting the...