ECB Head Mario Draghi Puts QE on Hold

"Until sufficient details are given on debt-related measures, serious concerns remain about the sustainability of Greek government debt," noted ECB head Mario Draghi. In...

Greek Public Revenue Authority Plans 14,500 Raids in Tax Evasion ‘Hot Spots’

Greece's Independent Authority for Public Revenue (AADE) is to conduct 14,500 swift raids in tourist areas where rampant tax evasion is taking place. The operation...

Government Continues Crack Down on State Debtors

It is estimated that this year 3.94 million taxpayers owe the state money in tax payments amounting to some 94.7 billion euros. This means that...

Moody’s Upgrades Greece’s Sovereign Bond Rating to Caa2, Changes Outlook to Positive

Ratings agency Moody's announced on Friday it is raising Greece's credit rating one notch from "Caa3" to "Caa2", citing the successful completion of the...

What the Greek Government Agreed on With Lenders – The Complete Texts of the...

The new dramatic cuts in pensions, new tax increases, additional measures to close the 535 million euro gap in 2018, and all other government...

Real Estate in Athens Sold at Ridiculous Prices Due to Crisis

Real estate prices in the general Athens area have plunged so low that in some cases houses are sold at one tenth of their...

Poll: Greeks Not Convinced With Positive Spin Gov’t Gives on Eurogroup Deal

Despite the government's efforts to put a positive spin on the Eurogroup agreement and the new austerity measures, Greek citizens are not convinced that...

IMF Reiterates: Lowering Greece’s Primary Surplus Target After 2022 is Imperative

The target of achieving a primary surplus of 2 percent of GDP after 2022 offered to Greece by its European lenders at the last...

Analysis: Greek Debt Relief With a ‘Fiscal Straitjacket’

The rescue plan for Greece as agreed in the June 15 Eurogroup is doomed to fail because it is a "fiscal straitjaclet," according to...

Survey Shows Greeks’ Skepticism About EU Benefits Nearly Double Than Average

According to a new survey of 1,000 people in 10 European countries by London-based international policy institute Chatham House and research company Kantar, more...

Chinese State Grid Corp Buys 24% of Greek Power Grid Operator

The purchase of a 24 percent stake of Greece's state-owned power grid operator ADMIE by State Grid Corp of China was completed on Wednesday,...

Study: 1 in 2 Greek Potential Employees Lack Skills the Market Needs

Despite high unemployment figures, Greek businesses find it difficult to hire because one in two potential employees lacks the skills the market requires, a...

LATEST