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Greek Unemployment Rate Drops Slightly to 21.7% in May

The unemployment rate in Greece recorded a slight drop to 21.7% in May from 21.8% in April, Eurostat said in a report released on...

Angela Merkel Appears Optimistic About Growth in Greece

German Chancellor Angela Merkel held a traditional summer news conference on Tuesday, just less than a month before Germany's Sept. 24 federal election, and...

Germany’s Schaeuble Proposes ESM Use for Investments in Greece – With a Price

German Finance Minister Wolfgang Schaeuble is working on a proposal that would allow southern eurozone countries to tap into the single currency bloc's bailout...

French President Macron to Push Eurozone Reforms from Athens

French President Emmanuel Macron will travel to Athens next month to send a message to fellow eurozone leaders about the need to strengthen the...

Greek Statistics Service Suspends Release of GDP Flash Quarterly Estimates

Statistics service ELSTAT has suspended until further notice the release of flash quarterly estimates on the country's gross domestic product because of divergences with...

Jean-Claude Juncker Claims He Saved Greece in the Eurozone

Jean Claude-Junker heaped praise on his own department in an interview where he said Grexit was on the cards in 2015. The President of the...

Former Greek PM Papandreou to Receive 2017 Distinguished Leadership Award

Former Prime Minister George Papandreou (2009-2011), still a controversial political figure in Greece, will be honored with the International Leadership Association (ILA) Distinguished Leadership...

US Government Backs IMF Handling of Greece’s Bailout Program

"The U.S. government is supporting the International Monetary Fund and Managing Director Christine Lagarde in the way they handle the Greek bailout program," said...

Spain Threatens Blocking Greece’s Bailout Due to Legal Case

Greece's failure to drop a legal case against European experts who had worked on the Greek privatization program has caused an angry reaction from Spain as...

Deciding on Greece’s Fate Behind Closed Doors Cannot Continue, Says Moscovici

Deciding on Greece behind closed doors and without accountability cannot continue forever, Economic Affairs Commissioner Pierre Moscovici said on Thursday, speaking at the Brussels...

Greek PM Tsipras Rounding Up Support for Greek Debt Relief

With the next eurozone meeting just around the corner Prime Minister Alexis Tsipras has put his charm on this week, speaking on the telephone...

Tsipras: ‘We are Striving for Better Solutions on the Debt’

The government's strategic target was for Greece to be able to borrow directly from the markets after the current programme ends in August 2018,...

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