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Greece

April 23, 2010: Ten Years Since the Official Beginning of the Greek Financial Crisis

It was a day much like this on April 23, 2010, when the then-Prime Minister of Greece George Papandreou announced from picturesque Castellorizo Island that Greece would officially ask for financial assistance from its fellow Eurozone member-states as the...

Despite Financial Crisis, Greece Still Better Off In the Eurozone

The Center for European Policy (CEP) published a study on Monday which states that Greece added €2 billion to its economy in the sixteen years between 2001 and 2017. This figure is of course quite low compared to other Eurozone...

How The Financial Crisis Changed The Eating Habits of The Greeks

According to a survey conducted by Greece’s IELKA institute of research, during the last 8 years due greatly to the financial crisis that hit the country, Greeks have shifted significantly from what they used to eat a decade ago. As...

The Top Greek Exports that Helped Greece Through the Financial Crisis

When it comes to how Greece has stayed afloat throughout the financial crisis that has gripped the nation since 2010, it is no surprise that products that contributed to the country's economy are certain dynamic exports that are exclusive...

Divorces on the Rise in Greece due to Financial Crisis

Excessive taxation and the dramatic drop of the average Greek income has; among other things, led to a rise in the number of divorces around the country. More and more couples state they are separated, while divorces have risen by...

Financial Crisis in Greece Continues to Drive Consumers to Illegal Tobacco Products

With a steady increase of taxes on cigarettes, the state has fallen short of cashing in as the market share of illegal tobacco products has doubled over the past six years going from 10.1 percent in 2011 to 20...

Study Shows Financial Crisis Contributing to Greek Youth Delaying Marriage

A study conducted by In4Youth has shown that young Greeks are delaying marriage due to the financial crisis. Many youth cannot afford to live on their own, the study revealed, forcing them to continue living with their parents and making...

European Commission Report: Greek SMEs Have Declined Drastically Amidst Financial Crisis

The latest numbers released by the European Commission regarding the number of small and medium-sized enterprises (SMEs) show that in the past 7 years, between 2008 and 2015, there has been a shutdown of some 145,000 businesses in Greece. The...

Greeks Cutting Back on Dental Care Due to Financial Crisis

According to ELSTAT, spending on dental hygiene in Greece has fallen dramatically during the past 7 years of the financial crisis hitting the nation. In fact, the numbers are so staggering that there is a conference dealing with the impact...

Restoration of Acropolis Not Impacted By Financial Crisis, Officials Say

The restoration of Athens' Acropolis is an ongoing and important national project, according to Vassiliki Eleftheriou, director of the Acropolis Restoration Service. While speaking on Thursday, Eleftheriou stated that there are many challenges in the restoration and preservation of the...

ELSTAT: Adoptions in Greece Decline Amidst the Financial Crisis

According to data released by the Hellenic Statistical Authority (ELSTAT), last year adoptions in Greece fell to its lowest level in a decade. There are many factors that have contributed to this drop, including a nine-month strike by lawyers last...

BoG: Financial Crisis Causing Property Prices to Free-Fall

Property prices are in free-fall, with apartment prices down 41.4% in the 2006-2016 period, Theodoros Mitrakos, vice-governor of the Bank of Greece (BoG) said on Thursday. Addressing a real estate conference, Mitrakos said nominal prices for office space and high-standard...

New Report Shows Abortions in Greece Have Doubled Since Financial Crisis Began

An article by Kathimerini newspaper reveals the findings of a study on the increased abortions and decreased birth rates in Greece since the start of the financial crisis. According to Kathimerini's report on the study, which was presented during the 7th...

Greek Drivers Avoid Insurance Due to Financial Crisis

Drivers in Greece often admit to dangerous driving, while the country has recorded one of the highest road fatality rates in Europe. However, they are often found uninsured. A recent survey revealed that Greece has the highest percentage of uninsured...

Greek Child Obesity Exacerbated By Financial Crisis

Children in Greece are more likely to develop life-threatening conditions, such as heart disease, type 2 diabetes, and certain types of cancer, because childhood obesity has been seriously exacerbated during the Greek financial crisis. Hellenic Medical Association for Obesity (HMAO) President...