economic crisis

The ongoing economic crisis in Greece will be part of the discussions at the G7 summit to be held May 11-13 in Bari, Italy, according to the Athens News Agency. ANA cites a U.S. Treasury official who said that there...

Almost 1.5 million Greeks live in extreme poverty, most of them unemployed and young, a recent study by the diaNEOsis non government organization says. Specifically, the study says, 1,488,714 Greeks, most of them young and unemployed live in extreme poverty,...

Greece can exit from the economic crisis by relying on its own strength, New Democracy leader Kyriakos Mitsotakis said in an interview with Ta Nea published on its weekend edition. Mitsotakis said this can be achieved with fewer expenses and...

The economic crisis has impacted the ability of Greeks to protect the health of their heart and circulatory system, with many unable to cover the costs of the tests and medication needed to control high cholesterol levels, according to...

Sales of bread and milk dropped by 5% to 7% in the first two months of the year, said the President of the Association of Greek Food Industries (SEVT), Evangelos Kaloussis on Wednesday. Kaloussis addressed the annual SEVT conference saying...

Former Greek prime minister Costas Simitis said on Tuesday that the only solution for Greece's problems in the current state of things is early elections. In his first television interview in 13 years, the former PASOK leader who was in...

The story of Pavlos, the homeless man who found a home after a stranger posted his picture on Facebook has become viral, painting a vivid picture of the bleak, crisis-stricken Athenian canvas. Pavlos is one of the many who had...

Greece's children pay the price of the prolonged economic crisis, as a shelter for abused children is now taking in those whose parents are unable to provide food for them, a Reuters report says. As one fourth of the country's...

The poverty in Greece increased by 40% from 2008 to 2015, according to a Cologne Institute of Economic Research study on European economy. The study is not based on low income alone but on other factors as well, such as...

Food sales in Greece have dropped by 18 percent since 2009 as Greeks have cut down on groceries due to the economic crisis, according to a Nielsen survey. The figures show that Greek citizens have reduced consumption of many food...