Greek Government Finalizes Mid-Term Package

Greek government calls up for the increase of revenue and restrain of expenditure, knowing that it would be forced to reopen the case of...

Property Survey Reveals Greeks Scared to Purchase Homes

Most Greeks are not planning a house purchase within the next two years.  They are concerned that they may be unable to meet rent...

IMF: Major Reforms Still Needed For Greece

International Monetary Fund said on Wednesday that a medium-term budget strategy paper, which will set annual spending ceilings for individual line ministries and fiscal...

Liquidity Support to Continue For Greek Banks

Greece’s central bank ruled out the possibility of the country’s commercial lenders buying back preference shares held by the state any time soon, Kathimerini...

Regling: Unclear Whether Greece Should Restructure Its Debt

The head of European Financial Stability Facility Klaus Regling said on Wednesday that it was not yet possible to say whether Greece will have...

Greek FM: Greece May Tap EFSF In 2012

Greek Finance Minister Giorgos Papaconstantinou said on Tuesday that Greece may resort to the Eurozone’s rescue fund (EFSF) in 2012 if the cost of...

IMF Approves 4.1 Billion Euros for Greece

The International Monetary Fund on Monday agreed to disburse 4.1 billion euro to Greece under the country's joint IMF/EU rescue program and urged authorities...

Moody΄s Downgraded OTE To Baa3 From Baa2

Moody΄s Investors Service said on Tuesday it downgraded the long-term issuer rating of Hellenic Telecommunications Organisation (OTE) to Baa3 from Baa2. Concurrently, Moody΄s has downgraded...

Deutsche Bank΄s Top Greek Picks

Deutsche Bank said that its top picks regarding Greek stocks are Hellenic Exchanges, Motor Oil and Jumbo. It also has “Buy” ratings on Frigoglass,...

GDP Declined By 4.5% In 2010

Greece’s Gross Domestic Product recorded a 4.5% decline in 2010, according to HEL.STAT. The GDP of 2010 at 2009 prices reaches EUR 224.5bn in comparison...

Greece Toughens Laws Punishing Corrupt Tax Officials to Try and Fight Tax Evasion

Greece toughened the laws ahead of a euro zone summit expected to press Athens to step up reforms Shortfalls in tax collection are a key...

State Budget Execution Reveals Deficit Widening

Greek Finance Ministry announced that the State Budget deficit is EUR 1,028mn for the period of January-February 2011, compared to EUR 944mn during the...

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