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...

Greek Market Posts Hefty Losses

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...

Further Reductions in Salaries and Pensions

New additional measures are expected to be announced by the Greek government next November, as long as there are discrepancies in the project signed...

Lacklustre privatization plan announced by government

The government has announced a privatization plan lacking in ambition, signalling its intent to avoid structural change. This will hamper the supply side of...

Stocks plunge to 2010 lows

Stocks plunged during the last trading session of the week at the Athens Stock Exchange, hit by a worries over debt problems in the...

Roubini: Greece Has To “Orderly” Restructure Its Debt – Krugman Says 50% Chance...

Greece should restructure its public debt “in an orderly way” in the coming 6 to 12 months, New York University professor Nouriel Roubini (photo)...

Greeks are flocking across the northern border to find less expensive dental care.

The long political dispute between the governments of two countries over the use of the name Macedonia has not stopped thousands of Greeks from...

Greek Crisis Explained: “Will Greece Ever Be Happy Again?”

NOMINT motion design, an innovative animation company based in Athens has created a web video series trying to explain the Greek crisis in a...

Credit expansion rate drops

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...

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