6 out of 10 Greeks Face Major Economic Problems

According to article in the Greek newspaper “Kathimerini”, 6 out of 10 Greeks face major economic problems. The recent statistics reveal that even during...

George Soros Suggests Greece, Portugal Quit Euro-Zone

George Soros, the US speculator turned billionaire philanthropist, has suggested both Greece and Portugal quit the European Union and the euro-zone because of their...

Troika in Greece August 29

Troika may be visiting Greece again around August 29, in order to make a final decision regarding the 6th installment of the new...

Greek Economy In 6.9% Downturn In Q2

A downturn of 6.9% is reflected at the announcement of Hellenic Statistical Authority (ELSTAT), confirming the crisis raging in the domestic market. Due to...

Counterproposal Of VAT Rate Reduction

The state would lose revenue from the increase of VAT rate by 10% in food services (23% from 13%), according to tourist entrepreneurs in...

Greek To Sell 13-Week T-Bills On August 16

Greece will auction 13-week treasury bills on August 16, the Public Debt Management Agency said in a statement. The amount to be auctioned is...

Pension Fund Stops Payments to the Dead

Debt-ridden Greece's biggest pension fund has stopped payments to 1,473 pensioners over the age of 90 after finding out they are no longer alive. The...

Taxpayer Identification Numbers at Risk of Deactivation

According to the decision of the Ministry of Economics, starting in September, Taxpayer Identification Numbers (TIN) will be deactivated when false or insufficient...

Germans Want Greece Out of Eurozone

According to an article in the New York Times, Germans continue to want Greece out of the Eurozone. Hans-Werner Sinn, president of the German...

Financial Crimes Squad Snares Island Tax Dodgers

A new tactic by the Greek financial crimes squad (SDOE), which saw officers from Attica dispatched to tourist resorts to check if hoteliers and...

Holiday Home Market Only Choice is to Cut Prices

There are some real bargains out there for people thinking of buying a holiday home in Greece, as a third consecutive slump year with...

Around 15% of Stores in Attica Have Shut Down

Shop closures in Greece's Attica region, which includes Athens, have reached 15% since the economic crisis started hitting consumer spending, daily Kathimerini reports citing...

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