Greece

The Greek state budget presented a big decrease of the deficit in June despite a big drop of 1.617 billion euros ($2.08 billion) in expected tax revenues even though taxes had been hiked. Big cuts in spending offset the lack...

Just as Greece seemed to be heading toward getting back on its feet financially, the country's primary deficit grew in the wake of an attempt to regain credibility and pay back bills - a target that fell far short...

There's good news and bad news about Greece's crushing economic crisis. The good news is that, thanks to relentless pay cuts, tax hikes and slashed pensions, the primary deficit and debt are down. The bad news is that so...

Austerity measures that squeeze Greek pocketbooks are making an impact. Greece cut its deficit by a third last year, to 6.5 percent from 9.4 percent in 2011. The government expects to cut the deficit to 4.3 percent by the end...

ATHENS – Interim Prime Minister Lucas Papademos’ pledge that his coalition government will not hit weary Greeks with more austerity measures may fall by the wayside after a Finance Ministry report that showed the country’s deficit is not falling...

While Europe promotes budgetary discipline, Greek deficit soars again. The constant requirements for pension payments and other obligations, and the estimate that the property tax will raise only €1 billion, instead of €1.6 billion, cause jitters to the Greek...

The central government cash balance recorded a deficit of 4,434 million euros in 2017, from a deficit of 3,569 million euros in the previous year, the Bank of Greece said in a report released on Thursday. During this period, ordinary...

In February 2017, the current account showed a deficit of €937 million, up by €109 million year-on-year. This development is attributable to an increase in the deficit of the balance of goods, which more than offset a rise in...

The Greek trade deficit widened sharply by 88.9 percent in July as imports grew 18.2 percent and exports fell by 3.4 percent in the month, according to figures released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. The statistics service,...

Greek central government cash balance recorded a deficit of 954 million euros in the January-October period this year, compared to a deficit of 2,250 million in the same period in 2014 the Bank of Greece said on Monday. The central...

Greece's central government cash balance recorded a deficit of 2.499 billion euros in the January - September period this year, compared to a deficit of 2.213 billion in the same period in 2014, the Bank of Greece said on...

A hidden deficit of 8 billion euros is threatening to blow Greece's social security funds as more than 300,000 retirees have their pension applications pending. Furthermore, the deficit may throw off the 2016 state budget, as the total expenditure for...

Greece’s public finances destabilized in the first half of 2015, main opposition MP Christos Staikouras said on Thursday, commenting on the budget execution in the first six months of the year. Staikouras, who comments on economic issues for New Democracy,...

Greece ’s central government cash balance showed a deficit of 1.851 billion euros in the first half of 2015, down from a deficit of 1.918 billion in the same period last year, the Bank of Greece said. The central bank,...

Greek trade deficit shrank by 24.2% in May as imports fell drastically during the month, pushing it 11.6% lower in the January-May period, the Hellenic Statistical Authority (ELSTAT) said on Wednesday. ELSTAT noted that the value of import-arrivals totaled 3.583 billion euros in May,...