economic crisis

Greece spends the highest percentage of its GDP on pensions compared to other European Union member states, Eurostat says. Despite the fact that pensions have been slashed dramatically during the economic crisis, the Greek state continues to give a large...

In the 2011-2017 period Greece's population shrank by 355,000 people, with statisticians saying that by 2080 Greek natives will be reduced to 7.2 million. According to ELSTAT analysts, the phenomenon can not be contributed only to the economic crisis. The...

Young Greeks wanting to raise a family are being thwarted by the bad state of the economy and unemployment. A report by the Athens-Macedonian News Agency (AMNA) cites young Greeks frustrated at the economic obstacles to starting a family. "I have...

The United States has a “strategic interest” in investing in Greece after the country comes out of the economic crisis, said U.S. Ambassador to Greece Geoffrey Pyatt on Monday. The U.S. official spoke in a digital forum conference held in...

It is estimated that at least 420,000 Greeks; half of which hold university degrees, left their homeland since the onset of the economic crisis in 2010, according to a 2017 Bank of Greece study. Naturally, most of them communicate with their friends...

Greeks will have to wait until 2029 so that their incomes return to the 2009 level, predicted economist Panagiotis Petrakis, during the presentation of the Economic Chamber of Greece annual report. If everything goes well, we will have to wait until...

Greek Prime Minister Alexis Tsipras said he is proud of the living conditions of refugees in mainland Greece, but expressed concern over problems with migrants on the Aegean islands. While in France, Tsipras spoke to Le Figaro newspaper about the...

"We are worried about the increase in excessive alcohol consumption among adolescents and the heavy use overall, especially in provincial areas," said Greece's Health Minister Andreas Xanthos. Xanthos spoke at the 16th International Congress of the European Society of Biomedical...

Cyprus President Nicos Anastasiades praised the spirit of Cypriot entrepreneurs on Friday evening at a ceremony during which he laid the foundation of the Limassol Del Mar development project. Addressing the event, President Anastasiades said that the project is indicative...

The economic crisis has led many Greeks to go to the supermarket with a shopping list, and hunt on the internet for special offers, new research shows. Known as spendthrift people, Greeks rarely went to the supermarket carrying a list...