Eurozone
Economy
Samaras Expects Better Rates Before Future Bond Issuance
Greece is in no rush to jump back into the markets fully despite the recent sale of a 3-billion-euro five-year bond, Prime Minister Antonis Samaras said, adding that he expects eventual future issues to yield lower interest rates than the 4.95...
Economy
Samaras Plans Post-Easter Election Campaign
Prime Minister Antonis Samaras, whose conservative New Democracy party faces a tough test in next month's municipal and European Parliament elections, is readying an after-Easter campaign that will emphasize recent good economic news as well as upheaval in the main opposition camp,...
Economy
Samaras' Pre-Election Pitch: Stability
With his party locked in a dogfight ahead of next month's critical elections for the European Parliament and Greek municipalities, Prime Minister Antonis Samaras is wooing voters with money and trying to convince them to keep stability in the...
Economy
Greek Loans May Get 30-50 Years Payback
Despite a primary surplus and a tepid return to the bond markets, Greece's debt is still so unsustainable that European Union officials are reportedly preparing to extend repayments on 240 billion euros in two bailouts as much as 30...
Economy
Greek Real Estate Market Still on Downward Slope
The Greek real estate market is still on a downward slope due to the lack of demand, the decline in people’s revenues and the overbearing tax burdens.
In particular, Eurostat reveals that the Greek real estate market experienced the second-biggest...
Economy
Provopoulos Repeats Greek Recovery Coming
Bank of Greece chief George Provopoulos, who has predicted an economic recovery for the past few years, now says it looks like it's really going to happen and he'd like to keep his job for a second term.
"The prospect...
Economy
First Greek Bond In Four Years Brings 4.75% Rate
Greece's first cautious return to bond markets has come with a 3 billion euro ($4.15 billion) five-year instrument that has brought a yield of 4.75 percent, far below what had been paid during the height of a crushing economic...
Economy
SZ: Greek Bond Issue Not Cause for Celebration
German newspaper Süddeutsche Zeitung said Wednesday that Greece has returned to the bond market under false pretences that shouldn’t be celebrated.
“Greece is seeing its return to the markets as the country’s return to normalcy. But the situation is a little...
Greece
Unemployment in Greece Still Highest in EU
Despite a slight drop in unemployment in December in Greece, the proportion of young people and females without work remains the highest in the European Union, data provided by Eurostat has revealed.
Unemployment in Greece rose to 27.5%, compared to 27.6%...
Economy
EU Wary of Greek Hopes To Avoid Third Bailout
Fresh on the heels of the news that international lenders would release a long-delayed installment of 8.3 billion euros in three installments, the government said it won't need a third rescue package and hopes to return to the markets,...