Going Out of Business in Greece: 1,000 Stores Per Week

ATHENS – While Greek politicians squabble over who can – or can’t – form a coalition government in the wake of May 6 elections...

ECB Cannot Pressure Greek Banks for a Savings Haircut

The European Central Bank cannot pressure Greek banks into freezing deposits and bonds in order to implement haircuts as part of the recapitalization process...

Fiscal Crisis Worsens Greek Corruption

Greece’s crushing financial crisis, and punishing austerity measures are making corruption worse in the country, with more people driven to tax evasion and to...

German Finance Ministry: Greece Could Get Money Earlier if Reforms Come Sooner

His certainty that Greece would be in a position to receive payment earlier than scheduled if its list of reforms is approved by the...

Kouvelis Sees Lower Restaurant VAT

While Greek Prime Minister Antonis Samaras reportedly nixed a lower Value Added Tax (VAT,) now at 23 percent, for restaurants, one of his coalition...

Richest and Poorest Paid Highest Cost for Austerity in Greece, IMF Report Shows

The poorest but also the richest Greeks were those hardest hit by austerity measures taken in the country, losing the largest chunk of their...

Greek Minister Chrysochoidis Says He Didn’t Read Troika Demands!

ATHENS - Development Minister Michalis Chrysochoidis, who has stated he wants to take over the leadership of the PASOK Socialist party, which has been...

Greece Will Monitor Bank Accounts

Trying to find innovative ways to fight tax evasion, Greece's General Secretariat for Information Systems has completed an application that will allow the state’s...

Opposition Leader Samaras Urges Greeks to Stay Calm

Main opposition New Democracy leader Antonis Samaras on Sunday urged the Greek people to stay calm and united, in a statement after Greek Prime...

Greek Parallel Economic Bill Withdrawn

The Greek government was forced by international lenders to withdraw the  parallel economic program bill from parliament on Thursday, while the Euro Working Group...

Schaeuble on Greece’s Christmas Bonuses: ‘If We Don’t Stick to the Rules, Eurozone Will...

When asked about Athens' plans to payout Christmas bonuses to pensioners during an interview with the newspaper Die Zeit, German Finance Minister Wolfgang Schaeuble reiterated...

Eurostat: Greece Is the Steady Unemployment Champ of the European Union

Europe's statistical service Eurostat reports that Greece has the highest rate of unemployment in the European Union with 23.6 percent unemployment in May 2016,...

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