24-Year-Old Employees in Greece Earn € 380 per Month on Average

Twenty-four-year-old employees in Greece earn an average of 380 euros per month, while an 18-year-old makes 265 euros per month, a Kathimerini newspaper report...

Varoufakis Reveals Text Message Exchange with Tsipras on Temporary Grexit

New information is coming to light following the publication of Yanis Varoufakis’ book Adults in the Room: My Battle with Europe’s Deep Establishment. The...

Social Security Debt Grows by 827 Million in Second Quarter

Arrears to social security funds increased by 827,180,068 euros in the second quarter of the year according to a report Friday by the Center...

Lower Wages and Part Time Work Bring Down Unemployment Figures in Greece

A total 150,000 new jobs in the past three years have brought down the unemployment rate, but this is contributed to lower wages and...

Greek Private Sector Bank Deposits Rise by 771 Million in June

Greek banks' deposits of households and non-profit institutions increased by 771 million euros in June, the Bank of Greece said on Thursday. Business and household...

Greek Parliamentary Budget Office Says End of the Country’s Oversight Not in 2018

According to analysts at the Parliamentary Budget Office (PBO), the road to normality for Greece will be long and all indicators point to the...

Greek Gov’t: Bond Sale an Absolute Success, Opposition Derides Celebrations

"The quality and number of investors who have shown interest in this bond issue shows that the markets started showing confidence in the Greek...

No Cause for Celebration on Greece’s Bond Issue Says Professor Economides

With the old American saying "even turkeys fly in a strong wind", Professor of Economics Nicholas Economides described Tuesday’s foray into the international markets...

Greece Returns to Financial Markets by Selling €3Bln Bond at 4.62%

Greece has made a return to the financial markets, by selling €3 billion worth of its new five-year bond, at a yield (or interest...

Tsipras Hails Greece’s Return to Markets; EU’s Moscovici Urges Implementation of Reforms (video)

Greece sold debt to private investors for the first time in three years, an upbeat Prime Minister Alexis Tsipras hailed what he called a...

Greece’s Return to Markets Met with Cautious Remarks from International Press

Greece's return to tapping the international bond markets for the first time since 2014 is met with mixed remarks from the international press. In its...

Varoufakis: Greek PM Should Apologize to Samaras, Stournaras

"The prime minister should apologize to Messrs. Samaras and Stournaras, or stop these offensive celebrations," former Greek finance minister Yanis Varoufakis said. Varoufakis issued a...

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