Eurozone

Greece may need a new extension of its bailout program because it expires on February 28, a senior Eurozone official said on Friday. The EU official, who chose to remain anonymous, added that Greece must have a government by then in...

Speaking at the World Economic Forum in Davos, Switzerland, yesterday, German Chancellor Angela Merkel appeared confident that Greece will continue on the road of responsibility concerning its agreements with the country’s European partners. “We hear from Greece that the vast majority...

The business world is asking the new Greek government for a comprehensive development program, which will aim, among others, to boost liquidity, adopt a stable tax system, enhance the extrovertness and competitiveness of Greek businesses and of course support...

Some 21.4 million tourists visited Greece between January and November 2014. According to provisional data released by the Bank of Greece (BoG), during the eleven-month period, the number of incoming tourists rose by 22.7%, reaching a total of 21.497 million passengers, a...

A prolonged period of consultation and negotiation with our partners without any clear result and time of completion, and, if there were any maximalistic demands, not taking into account what the creditors' side could give or any unilateral actions,...

French far-right politician and xenophobic Front National (FN) leader Marine Le Pen said earlier today that her party would rejoice if leftist main opposition SYRIZA wins the upcoming elections in Greece. As expected, the controversial statement caused numerous reactions...

There is no danger of Greece exiting the eurozone, Economic and Financial Affairs Commissioner Pierre Moscovici stated at a seminar at the economic think-tank Bruegel in Brussels on Monday. Referring to Sunday's general elections in Greece, he said that...

Greece's Finance Minister Gikas Hardouvelis warned that the country's economy could suffer a significant drop back into recession if the Greek bailout program review remains stalled. In an interview with the Sunday edition of Greek newspaper "Kathimerini," Hardouvelis pointed...

German Chancellor Angela Merkel said she preferred that Greece remain in the eurozone, but noted that the basis of all European efforts is the principle of solidarity before individual effort and responsibility. In an advance excerpt of an interview appearing...

In an interview with Portuguese newspaper "Diario Economico," European Stability Mechanism (ESM) Managing Director Klaus Regling left the possibility open that a discussion on further debt relief for Greece might begin, provided the country continued the reforms and measures...