Greek Economy

Although Greek Prime Minister Alexis Tsipras has already called for a referendum on whether Greece should accept the creditors' demands, the SYRIZA leader had a different opinion about such a tactic back in October 2011. When Tsipras was asked by Greek journalist Nikos Chatzinikolaou...

As Greek Prime Minister Alexis Tsipras announced that Greece will hold a referendum to ask the Greek people if they approve of a bailout deal with the country's creditors, here is a final draft of the creditors proposal for...

Greek stocks rebounded strongly in the Athens Stock Exchange on Monday, recording one of their biggest daily rallies amid speculation that the Greek government and its creditors are closer to reaching an agreement. Bank shares were at the focus of buying activity,...

The “cold war atmosphere” that prevails in the European front, particularly between the Greek government and its creditors is described in a bleak manner in Greek and foreign media. Greece was once again on the front page of various...

The Athens Stock Exchange Index slipped 4.4 percent on Friday and shares in Greek banks fell as much as 8.8 percent. Returns on Greek bonds crept upward to 25.439 percent. Europe's main stock markets were also down on Friday. Germany's...

The Greek government is requesting a nine-month extension of the current loan agreement to ensure the funding of Greece's economy, government sources in Brussels said on Wednesday. According to the sources, the request includes funds from the European part of the...

Standard and Poors has lowered the long-term sovereign credit rating on Greece to 'CCC' from 'CCC+' because of the absence of an agreement between Greece and its official creditors. S&P says that the Greek government will likely default on...

The Greek economy shrank by 0.2 pct in the first quarter of 2015, in contrast with the Eurozone and the EU-28 which grew by 0.4 pct in the January-March period, Eurostat said on Tuesday. In a report released here, the...

Greek Prime Minister Alexis Tsipras is willing to reach an agreement with the creditors, if they made a few concessions, despite the fact that they have not yet admitted the failure of their program. In an interview with the...

The fact that Greece is on the verge of financial collapse gives it an edge in negotiations as it may get more concessions from creditors, said an analysis in Politico magazine. In an article titled "The silver lining in Greece’s collapse,"...