Eurozone

Addressing the Francophone Economic Forum in Athens earlier today, Greek Finance Minister Gikas Hardouvelis appeared optimistic over the country's growth rate in the third quarter of the year. "After six years of continuous shrinking, the Greek economy is expected...

Thomas Mayer, ex-chief economist and advisor at Deutsche Bank and current President of Flossbach von Storch Research Institute, said that the two countries most likely to exit the Eurozone are Germany and Greece. During an interview for his new book "The...

Greece's fiscal deficit was 12.2 pct of GDP in 2013, while the country's public debt totaled 174.9 pct of total GDP, Eurostat announced on Tuesday. In its revised figures for fiscal deficit and public debt in the EU, Eurostat said...

Turkish-Cypriot leader Dervis Eroglu has sent a letter to UN Secretary General Ban Ki-moon, calling for the re-launch of negotiations with the Greek-Cypriot administration. According to a statement issued on Saturday, Eroglu called on the Greek-Cypriot side to return to the negotiating table. The...

International media flirt more and more with the scenario of opposition party SYRIZA being the next government in Greece, in a way “forcing” banks, economists and analysts to prepare reports and examine the positive or negative economic effects of such...

European Union's willingness to continue support Greece in order to ensure reasonable financing conditions after the end of the current program, was expressed today by European Commissioner for Economic and Monetary Affairs Jyrki Katainen. "Greece has made immense progress in...

Eurozone officials have told Reuters that Greece appears to have second thoughts about a full-blown return to market funding. The report follows purported pressure on the Greek government from EU powers as well as investors who sold off Greek...

For a second day in a row, Greek stocks and state bonds remain under heavy pressure. Starting yesterday and hit by a wave of selling foreign investors, the Athens Stock Exchange (ASE) index fell more than 7%, significantly below the 900-point...

A senior Eurozone official from Brussels has stated that it is currently impossible to make any prediction on the future of Greece or the results of the country's bailout program, scheduled to end in December of this year. The official...

A new study conducted by the Julius Baer Group, a Swiss private bank, has found that the last seven years of devastating economic downfall have seen Greek households lose a net total of 170 billion euros. Julius Baer researchers first compiled the financial assets...