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Underground Economy in Greece Is About One Quarter of GDP

The size of Greece's underground economy -- where transactions take place out of the radar of tax authorities -- is estimated to be about...

Eurozone Growth at 1.7% in First Quarter; Greece Is the Only Country in Recession

The eurozone economy grew at a rate of 1.7% in the first quarter, while Greece is the only country that experienced a recession. According to...

Moody’s Says Agreement With Creditors Paves Way for Greek Debt Relief

An agreement reached between Greece and its creditors raised the possibility of a debt relief in the official sector and it is positive for...

Greece Records Primary Surplus of 3.9% of GDP in 2016

Greece recorded a primary surplus of 3.9 percent of GDP in 2016, official figures showed on Friday. Hellenic Statistical Authority, in a report, said...

IMF Report: Greek Economy to Grow 2.2% in 2017 and 2.7% in 2018

Economic growth in Greece will reach 2.2 percent in 2017 and increase to 2.7 percent in 2018, the International Monetary Fund said in its...

All Eyes Turned to Washington for World Bank Group and IMF Spring Meetings

Finance Minister Euclid Tsakalotos and Alternate Finance Minister George Chouliarakis on Thursday will depart for Washington where the 2017 spring meetings of the World...

Debt Relief for Greece Essential, Peterson Institute Working Paper Concludes

Greece cannot sustain primary surpluses exceeding 3.5 pct of GDP for more than three or four years at most and will therefore need additional...

Greece Must Strengthen Social Safety Nets, OECD ‘Going for Growth’ Report Says

Greece must continue to strengthen social safety nets, ease regulation in network industries, enhance efficiency in public administration; improve the fairness and efficiency of...

Property Tax in Greece Went Up Sevenfold in 7 Years

In 2016, Greeks were called to pay seven times more in property taxes compared to 2009, even though they had to deal with a...

Greece Leads in Most Spent on Elderly Pensions Than Eurozone Counterparts

One of the biggest thorns in the negotiations between Athens and international bailout auditors is Greece's pension expenditure, highlights a Bloomberg report that presents...

Talks Between Greece and Creditors Resume Thursday With Slim Chances of Staff Level Agreement...

Negotiations on the bailout program review between Greece and international creditors resumed on Thursday afternoon after Wednesday's closing of the issue of settlement of...

Greek GDP Unchanged in 2016

Gross domestic product in Greece remained unchanged in 2016, totaling 184.5 billion euros in terms of volume, according to figures released by the independent...

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