economic crisis

German Finance Minister Wolfgang Schaeuble had a long conversation with French students as part of a university program, which did not conclude in his favor, notes the German daily Suddeutsche Zeitung. Schaeuble visited the elite Science Po University in Paris,...

  The European Parliament on Tuesday approved a set of one-off measures aimed at boosting the effective spending of 35 billion euros earmarked for Greece in the EU 2014-2020 budget. The funds include 20 billion euros from the European structural and...

Defunct Cypriot bank Marfin Popular has resorted to the International Center for Settlement of Investment Disputes (ICSID) to seek damages of more than 4 billion euros from Greece over losses from the PSI debt restructuring in 2012. The story appeared...

Greek Prime Minister Alexis Tsipras addressed the United Nations General Assembly for the second time in five days in the context of the United Nations General Assembly annual General Debate. Similar to his speech this past Sunday, Tsipras spoke on...

Super market food sales in Greece will drop by 1.9 percent in 2015, an analysis by the Research Institute of Retail Consumer Goods (IELKA) shows. Despite the fact that in the first six months of 2015, there was a 1.25...

Six Greek start-up companies that might help the ailing Greek economy participate in a week-long accelerator program that started in London on Sunday, says a Telegraph report. Reload Greece, which has helped entrepreneurs raise 1.37 million euros in funding over...

Greece’s Association of Cruise Ship Owners and Marine Agencies (EEKFN) announced that despite the country’s difficult economic situation, the capital controls and the political instability, the cruise market has managed to remain stable over the course of 2015. Furthermore,...

The economic crisis has led many Greeks to antiquity looting and smuggling, with most of them being first-time offenders with no criminal record, says a National Geographic report. The sharp rise in applications for metal detector permits is an indicative...

The economic and political uncertainty in Greece is forcing many Greek shipping companies to consider moving their ferries to other seas. Recent political developments, capital controls, the referendum and the uncertainty over the signing of the new bailout agreement, all...

British author, historian and television broadcaster Bettany Hughes calls on European Union leaders to learn from Socrates when dealing with Greece and its economic woes. "Europe’s leaders need to sit down with Socrates for a night; a life unexamined is...