Moody’s See Risk of Greek Default At 7% Over 5-Yrs -Report

Moody's considers that under its base-case scenario the risk of a Greek default is about 7% over the next five years, according to a...

FinMin Visits SDOE

Finance Minister, George Papakonstantinou (photo) on Friday visited the headquarters of the Financial Crime Enforcement Body (SDOE). He said that 6.000 cases of tax...

New Labour Relations at the Gate

Major changes in Greece's labour relations are at the gate. The new provisions, which practically put everything that the agreement provides for into practice,...

Greek gaming machines stage comeback amid economic crisis‎

Cash strapped Greece announced Tuesday it intends to remove ban on gaming machines to raise revenue, Reuters reported. “The regulative framework will soon be presented...

Inflation at 5.3% in May

Greek inflation jumped to 5.3 pct in May, up from 4.7 pct in April, Eurostat announced on Wednesday. The EU executiveâs statistics agency, in a...

Moody’s cuts Greece ratings to junk

U.S. markets pared their gains in late morning and on into the afternoon, after Moodys Investor Services analyst Sarah Carlson downgraded Greece’s sovereign debt...

First Crucial Test for Greece’s Economy

Greece is to face the first crucial test after the signing of the memorandum as EU, EUC and IMF fiscal experts arrive in Athens...

Greek Premier Calls For Permanent EU Stabilization Fund

Greece's prime minister on Friday called on European countries to make a EUR440 billion stabilization fund permanent, in a bid to improve economic governance...

S&P: Greek Default Not Inevitable

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,...

Bloomberg: Analysts And Investors See A Greek Default

Global investors have little faith that Greece will weather through its debt crisis, with 73% calling a default by Greece likely, a poll...

Inflation up to 5.4%

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...

Bankers flatly dismiss euro exit speculation

Main opposition New Democracy (ND) leader Antonis Samaras on Tuesday met with the board of the Hellenic Bank Association for talks on current developments...

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