economic crisis

The President of the Republic of Cyprus, Nicos Anastasiades, has once again repeated that a just and viable solution for the island's problem will always be the priority of all Cypriots and that a functional solution will lead the country to a...

Acclaimed American economist, Professor of Economics and International Affairs at Princeton University and New York Times columnist Paul Krugman is scheduled to visit Athens on April 17 to deliver a speech entitled "Europe: What next?" as part of the "Megaron Plus" events...

During these years of economic crisis, Greeks are hiding their money under the mattress instead of keeping it in the bank, says a Bloomberg report. In the months following the announcement of snap elections, Greek banks have lost billions in...

On February 20, Greece and its European partners decided to move forward by agreeing that the new government will implement much-needed reforms in exchange of the continuation of financial aid. On March 20, Greece and its European partners decided to...

After scientists and university graduates, corporate executives are ready to leave Greece and are seeking employment abroad. More than 5,000 CEOs, COOs and CFOs have submitted their CVs to specialized multinational employment agencies operating in Athens, according to a Kathimerini...

The unemployment rate has started rising again in the last quarter of 2014, after a brief period of decline, the Hellenic Statistical Authority (ELSTAT) reports. For the period October-December 2014, the unemployment figure climbed to 26.1 percent with 1,245,854 Greeks...

The global debt of households, companies and countries amounts to the astronomical sum of 200 trillion dollars, the highest in 50 years, according to US-based multinational consulting firm McKinsey. In a report published earlier in February, the firm...

An Athenian man captured with his camera the touching scene of a young man approaching a homeless man and spontaneously giving him a pair of sports shoes. The four pictures Iraklis Pnevmatikakis snapped in downtown Athens, on a Saturday afternoon...

The German Finance Ministry has admitted that the austerity policy imposed on Greece is responsible for the economic crisis and the bankruptcy threat, according to a Rheinische Post report. The report is the result of a question posed by German...

The real tragedy in Greece is that an estimated 160,000 to 180,000 university graduates have left the country since the start of the economic crisis five years ago, says an CNBC report. The figures are based on a study by...