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Greece

Greek Government and OECD Launch Project to Fight Corruption

The Organisation for Economic Co-operation and Development and the Greek Government, on Wednesday launched a collaboration project to fight corruption. The project will also have the support of the European Commission. The Greek government body mainly involved is the General...

PM Tsipras: Greece has its Roots in the West but Spreads its Branches to the East, the North and the South

Greek Prime Minister Alexis Tsipras who is paying an official visit to China visited on Sunday the Great Wall of China. Earlier, Tsipras had a meeting with the president of Wanda Group Wang Jianlin that is activating in the...

Tsakalotos and Dombrovskis Address Issues of Non-Performing Loans and First Home Protection

The Greek government and the institutions are seeking an honest compromise on the issue of non-performing loans, Finance Minister Euclid Tsakalotos and Vice President of the European Commission, Valdis Dombrovskis said on Monday. Speaking to reporters, after the meeting, Dombrovskis...

The Greek Government’s Full List of Reforms Sent to EC, ECB and IMF

Greece's Finance Minister Yanis Varoufakis emailed a list of structural reforms and measures which the Greek government is prepared to implement in order to complete the agreement for an extension at Friday's Eurogroup. The Greek government’s list of proposals includes commitments...

Plans from Greece and OECD to Draft Reform Program to Boost Growth

Greek Prime Minister Alexis Tsipras on Wednesday announced plans to work with the OECD to draft a program of reforms to boost growth in the debt-laden country, which is hoping to renegotiate its bailout commitments. The program will be based...

Stiglitz: Greece and Spain are "in Depression"

Greece and Spain are in “depression, not recession”, Nobel prize-winning economist Joseph Stiglitz said on Wednesday, blaming tough austerity measures for their downward economic spiral. Stiglitz also maintained that the International Monetary Fund was “a little too optimistic” in its...

Minister of Culture Elected President of UN World Tourism Organisation

 Greek Culture & Tourism Minister Pavlos Geroulanos has been elected to the two-year position of President of the UN World Tourism Organisation's committee for Europe, during a WTO congress held in Korea on Sunday. Geroulanos thanked WTO members for his...

George Papandreou States to OECD Roundtable: "Leave us Alone to Work…"

Greek Prime Minister George Papandreou stressed in Paris on Wednesday that: "It is Greece's responsibility to solve its crisis".  He added, "Greece is not a poor country" and "it has great possibilities, but was mismanaged." Addressing a roundtable at the...

OECD Says Greek Economy to Grow by 2.2 Percent in 2019

Economic growth in Greece will exceed two percent in 2019 and 2020, the Organisation for Economic Cooperation and Development (OECD) stated in its Economic Outlook report, released on Wednesday. The report notes that the GDP in Greece is projected to...

Greek Employment Rose in First Quarter of 2018: Report

  The employment rate in Greece grew to 54.1 percent of the working population aged 15-64 in the first quarter of 2018, from 53.8 percent in the fourth quarter of 2017 and 52.8 percent a year earlier, the Organisation for...

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 its tax system and improve the quality of its education system. This is according to...

Greece Ready to Clash with Euro Zone Finance Ministers

"If you're not willing to even consider a clash, you're not negotiating," Greek Finance Minister Yanis Varoufakis told the Greek parliament on Tuesday. The statement was made after the House gave the new government a vote of confidence and ahead...

Greek Unemployment Rate Eases Marginally at 27%

Greece's unemployment rate eased marginally at 27.0% in June from 27.1% in May, the Hellenic Statistical Authority (ELSTAT) said on Thursday. June's reading was the lowest since January 2013, when it stood at 26.8%. At more than double the Eurozone average of 11.5% in July,...

Samaras Tells The Troika: "No"

Prime Minister Antonis Samaras has reportedly rejected Troika demands he not return most of a coming primary surplus to low-income pensioners, the police and military and said the government will also refuse to give supermarkets the right to sell...

Troika Deal Hopes Set For April

Missing a deadline to reach a deal on unresolved reforms before the March 10 meeting of Eurozone finance chiefs, Greece is bnow hoping to make an agreement with its international lenders in April so that they will release a...