Eurozone

In the 5th year of the Greek economic crisis, Greece has good fiscal news as it continues to build a primary surplus, but for debt, reforms and unemployment it has made only limited progress.

The latest data released by Eurostat, the European Statistical Authority, revealed a marginal drop in unemployment in Greece. Unemployment in Greece in June was 27%, down from 27.1% in May. Greece still continues to have the highest rate of unemployment in Europe....

As the Greek government negotiates with international lenders for a fresh tax relief program, a new international survey argues that Greece has just opened up a fresh “financial wound” by raising corporate tax rates. Other debt-ridden countries – Portugal, for...

“As you would expect from the leader of Greece’s radical left opposition party, Alexis Tsipras has many pungent criticisms of eurozone economic policy: demand is too weak; fiscal discipline too severe; debt repayments too high; and, consequently, growth is...

The 17 members of the Eurozone Finance Ministers participating in today’s informal Eurogroup meeting in Milan, asked Greek Finance Minister Gikas Hardouvelis to implement the commitments arising from the Memorandum of Understanding signed with the Troika. The Eurogroup members asked Hardouvelis to...

German newspaper Der Spiegel strongly criticized Chancellor Angela Merkel in a recent article, for her inefficiency to deal with the Eurozone crisis. Euro crisis is here, Merkel is chasing windmills, her policy aggravates problems rather than solving them, noted the article. According...

The economy in Europe's 18-nation eurozone has stalled. After a year of weak growth, the European Union said Thursday the economic fortunes of the countries that use the euro currency flattened in the April-to-June period. The region's three biggest economies failed...

According to an exclusive Reuters report, Brussels is considering stopping Troika’s operations in overseeing the economic reforms in Greece in order to aid Athens in executing its plans to strengthen the country’s economy in exchange for the gradual reduction...

The multi-bill covering the prior actions required for the disbursement of the second sub-tranche and the budget of next year were discussed on Friday by Greek Prime Minister Antonis Samaras and Deputy Prime Minister Evangelos Venizelos in the presence of...

A Eurobarometer report regarding life in Europe was released on Friday, revealing that only 42% of Greeks are satisfied with their personal situation compared to 58% in autumn 2013. Three quarters of Europeans (75%) appear satisfied with their lives. According to the survey, conducted...