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IMF Says Not Demanding New Austerities at This Time for Greece

According to International Monetary Fund (IMF) officials, IMF chief economist Maurice Obstfeld and European Department Director Poul Thomsen, the financial institution is not demanding...

Greece’s Shadow Economy Continues to Grow as State Coffers Miss Out on €16 Billion...

Greece is known for having a shadow economy, or an underground economy where people buy undeclared or illegal products and services. In recent years...

Eurogroup’s Short-term Measures Will Lower Greek Debt by More Than €45 Million

The short-term measures announced by Eurogroup on Monday will lower Greece’s debt by more than 45 billion euros, while rates were set at 1.5 percent,...

ELTRUN Survey Reveals E-Commerce Growing Steadily in Greece

E-commerce is growing and maturing, with Greek consumers making a marked presence in the sector, ELTRUN, the e-commerce laboratory of the Athens Economics University said...

Schaeuble Says Greece Should Carry Out Reforms to Become Competitive After Bailout

According to Reuters, German Finance Minister Wolfgang Schaeuble has stated that he believes that Greece can have a more competitive economy once it undergoes...

Eurozone Finance Ministers Far From Agreement on Fate of Greek Debt as Monday’s Meeting...

On Sunday the AFP reported that the distance between eurozone finance ministers who are set to meet on Monday, December 5 to discuss the...

IOBE Warns New Tax Hikes on Tobacco Products Will Cause Loss of €100 Million...

On Monday a new report by the Foundation for Economic and Industrial Research (IOBE) warned that the new tax hike to be placed on tobacco...

OECD Reports: Greek Economy Has Rebounded Second Half of 2016

Economic growth has rebounded in the second half of 2016 and it is projected to gain strength in 2017 and 2018 as structural reforms...

BoG Reports Sharp Decline in Average Spending of Tourists Visiting Greece for 2016

According to reports released by the Bank of Greece (BoG) the amount of spending by tourists decreased substantially in 2016 from the previous year. The data...

SSM Nouy: Prioritizes Settling Corporate NPLs Before Primary Residences

The focus of settling non-performing loans (NPLs) should be focused on corporate loans which have reached around 65 billion euros, not primary residences, according...

Attica Municipalities Given 2,129 Years to Pay off Debts

How long will it take for three of Attica's municipalities to pay off their debts? The answer is stunning, as according to an article...

Tsipras: Creditors Should Reward Greece’s Efforts in Reform With Offer of Debt Relief

Prime Minister Alexis Tsipras urged Greece’s creditors to recognize the efforts made by the country to achieve fiscal consolidation by offering debt relief, during his...

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