Economy

Standard and Poor΄s does not think that a Greek debt default in the near term and a breakup of the euro zone are inevitable, a senior official of the ratings agency said on Wednesday, Reuters reports. David Beers, head of...

Global investors have little faith that Greece will weather through its debt crisis, with 73% calling a default by Greece likely, a poll conducted for Bloomberg shows. More than 40% say Greece is likely to abandon the euro. “There is...

Hellenic Statistics Agency report says that annual inflation rate in May rose to 5.4%, the highest level since August, 1997. The average price index in the first five months rose to 3.9% compared against forecast for 1.9% in 2010....

Main opposition New Democracy (ND) leader Antonis Samaras on Tuesday met with the board of the Hellenic Bank Association for talks on current developments in the banking sector and the countryâs economy. Speaking to reporters after the meeting, Vassilis Rapanos,...

Greek stocks are sharply weaker on Monday, in step with European bourses. "This sell-off is on imported exogenous negative factors on most international markets and share movements in Athens are magnified by thin trading," an analyst told Dow Jones Newswires. “Given...

New additional measures are expected to be announced by the Greek government next November, as long as there are discrepancies in the project signed with the IMF, the European Commission and European Central Bank thus to ensure the proper...

The government has announced a privatization plan lacking in ambition, signalling its intent to avoid structural change. This will hamper the supply side of the economy and reduce growth potential and the chances of success of the EU/IMF restructuring...

Stocks plunged during the last trading session of the week at the Athens Stock Exchange, hit by a worries over debt problems in the Eurozone following negative developments in the Hungarian economy which pushed the euro currency to its...

Greece should restructure its public debt “in an orderly way” in the coming 6 to 12 months, New York University professor Nouriel Roubini (photo) warned, according to Bloomberg. “What we need to do to avoid having massive losses for the...

The long political dispute between the governments of two countries over the use of the name Macedonia has not stopped thousands of Greeks from crossing the border into Macedonia in search of bargains. Dental surgeries in Bitola and other...

NOMINT motion design, an innovative animation company based in Athens has created a web video series trying to explain the Greek crisis in a very simple, witty and at the same time real way. In the first episode of...

Credit expansion rate slowed further in Greece in April to 3.2 pct, from 3.5 pct in March and 4.2 pct in December 2009, the Bank of Greece announced on Monday. The central bank, in a monthly report, said credit expansion...

Today, stocks ended lower at the Athens Stock Exchange, in line with a decline in other European markets. The composite index fell 1.24 pct to end at 1,550.78 points, with turnover shrinking to a low 63.499 million euros. The FTSE 20...

According to an article written by Robert Watts for the «Sunday Times» talks about Greece debt crisis and how to save its economy. More extensively the article states: THE Greek government has been advised by British economists to leave the euro...

Greece will not need to restructure its debt or take extra measures beyond the austerity cuts agreed with the EU and the International Monetary Fund, the country's finance minister said on Sunday. "Greece will not need additional measures," George Papaconstantinou...