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...

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...

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