Economy

ATHENS – A hundred years ago, Omonia Square was filled with trees and benches and was a beckoning oasis in the middle of the city. Later, there was a fountain, before it was removed in 2000, disappearing just like...

The average revenue per room per night at three, four, and five-star hotels in Athens dropped by 19.1% in February compared with the same month last year, coming to just 36.50 euros, according to a survey conducted for the...

ATHENS – Even as support for his front-running party is eroding, New Democracy Conservative leader Antonis Samaras said unless Greeks give him an outright win in May 6 elections so that he can control the Parliament, he will not...

ATHENS – Greece’s Supreme Court said it will ask a new Parliament to be formed after May 6 elections to lift the immunity of Democratic Alliance leader Dora Bakoyanni so she can be investigated in connection with the alleged...

Greece's unemployment rate increased to 21.8 per cent in January, with nearly 350,000 people losing their jobs in the past year while the debt-strapped country's economy remains stuck in recession. The Greek Statistical Authority said Thursday that 1,084,668 people were...

Losses incurred by Cypriot banks from a Greek debt restructuring are "manageable" and Cyprus is ready to support its lenders, if needed, European Central Bank governing council member Athanassios Orphanides said Thursday. Orphanides, who is also the governor of the...

JPMorgan Chase & Co Chief Executive Jamie Dimon said Wednesday that the U.S. economy is on the mend, with businesses rich with cash after having weathered the worst of the financial crisis. "Corporate America is in great shape," Dimon said...

ATHENS – After approving $40 million in state funding for political parties and ratifying more austerity measures for cash-crunched Greeks, the Parliament set aside a bill that would help ease household debt saying there was not enough time to...

ATHENS – With the posting of a bill on the Parliament wall, elections to choose a new leader for Greece have been set for May 6. Polls show the two parties that have long dominated the country - PASOK’s...

ATHENS – It doesn’t include untold thousands in state-run enterprises, but the second census of Greek workers in two years has found there are officially 705,976 people on the public payroll, down from 768,009 in 2010, even as Greece...

Greece sold 1.3 billion euros ($1.7 billion) of six-month T-bills on Tuesday, with the yield easing by 25 basis points from a previous auction in March. The sale's bid-cover ratio was 2.62, down from 2.63 in the March 6 auction....

European Central Bank Executive Board member Joerg Asmussen said he expects Greece to return to growth in 2014 provided it implements its austerity program, and the aim is to keep the country in the euro and return it to...

ATHENS – As Greeks struggle under a barrage of pay cuts, tax hikes, slashed pensions and the coming firing of 150,000 state workers, lawmakers have approved nearly $40 million in government aid for their own political parties as taxpayers...

Eurobank, the third-biggest Greek bank, said on Monday it had agreed to sell its Turkish subsidiary Eurobank Tekfen to Kuwait's Burgan Bank for 272.7 million euros to shore up reserves hit by a debt swap. "Under the terms of the...

ATHENS – With less than a month before an expected election to choose a new leader, support is waning for the two major parties that have taken turns ruling Greece for more than 35 years, the New Democracy Conservatives...