Greek Economy

The European Union should support Greece, particularly in the science, research and technology sector in order to help the country end the crisis, noted German virologist Harald zur Hausen, Nobel Prize winner for Medicine and Physiology in 2008. In an...

The Greek economy is expected to grow by 0.1% this year and by 2.3% in 2016, the Organization for Economic Cooperation and Development (OECD) said in its semi-annual Economic Outlook report. The unemployment rate is projected to drop to 25.7%...

The Greek economy went again on a downward slope in May, according to a survey by the Foundation for Economic & industrial Research (IOBE). The economy index fell to 91.4 points, compared to 92.7 points in April. The new, negative...

Reuters reported that crisis-stricken Greece owes a total of 1.2 billion euros to multinational pharmaceutical companies, according to the statement of a senior executive in the global pharmaceutical industry. “The rising unpaid bill reflects the growing struggle by the nearly...

Euro area systemic stress has remained low over the past six months, but the risk for a Greek default has increased sharply, according to the latest Financial Stability Review of the European Central Bank (ECB), which was released today. Greek...

By Panicos O. Demetriades, University of Leicester As Greece moves from one repayment deadline to another, you can be forgiven for thinking that the country’s main daily challenge is finding the money to pay its public sector workers and meet its...

U.S. Treasury Secretary Jack Lew, appeared optimistic that Greece and its creditors will reach an agreement soon, during an open discussion in Dresden for LSE.U.S. Treasury Secretary Jack Lew, appeared optimistic that Greece and its creditors will reach an...

German Finance Minister Wolfgang Schaeuble said he was surprised by Greek officials' statements that Greece and its creditors are close to an agreement" contradicting Greek Prime Minister Alexis Tsipras who said earlier that he is finally close to an agreement with...

The possibility Greece could miss a payment to its creditors added pressure to international stock markets and kept U.S. futures from making any major gains. Both S&P 500 futures rose 0.1 per cent and Dow futures also edged up 0.1...

German economist and head of the European Stability Mechanism Klaus Regling noted that “time is running out for Greece to reach an agreement with its lenders and there will be no further funds for Athens without it,” during an...