Greece

Cypriot households and businesses continue to be highly indebted despite the decline in debt levels, according to a report released on Tuesday by the Central Bank of Cyprus. According to the report, the debt of the non-financial private sector reached...

The two adjustments for debt repayment to the Greek state have brought minimum proceeds since, according to the General Secretariat of Public Revenue, one in three Greeks owes money to the state. The new debts from January 1, 2013, until the end...

According to a recent study showing the per capita debt of each country, Greece is placed in 12th. However, countries that are considered as successful examples of fiscal policy are higher on the list. Japan with 127.1 million population comes...

The government is offering tangible support to Greek households government spokesman George Petalotis stressed on Wednesday, referring to a law allowing over extended Greek households to reschedule their debts with credit institutions. Under the law passed by Parliament on Tuesday,...

Ten nurses are travelling from Crete to Thessaloniki on Wednesday, in order to voluntarily assist their medical colleagues in the fight against the coronavirus. The Greek Minister of Health, Vasilis Kikilias, announced that nurses named Vasiliki, Olympia, Evangelia, Artemis, Katerina,...

Public debt in Greece and Italy grew last year, while the European bloc as a whole recorded an overall decrease in its liabilities, the European Union statistics office said on Tuesday. At the end of 2018, Greece, which is the...

Greece is looking to strike a deal this weekend to repay early about half of the loans it received from the International Monetary Fund, a senior official said on Friday. "The IMF repayment will be agreed on this weekend," the...

The Greek government and the country’s biggest banks agreed to extend by two months legislation which protects the primary residence of debtors in Athens on Friday. Prime Minister Alexis Tsipras met with board members of the Hellenic Bank Association at...

Due to its high public debt, it is doubtful whether Greece will make it on its own in the long run without new financial support, a report by Frankfurter Allgemeine Zeitung says. This report comes after a comment made by...

Former Greek finance minister and one-time ally of Prime Minister Alexis Tsipras, Yanis Varoufakis, has claimed Greece's "bankruptcy" has been extended by five more decades. Varoufakis, now a founder of the DiEM25 movement, tweeted in aftermath of the Greek debt-relief...

Cyprus needs to make reforms to cut the number of bad loans in the island's troubled economy, the IMF has said. A post-bailout monitoring team from the IMF was in Cyprus for the second half of March and recently filed...

Associated Press (AP) is reporting a senior EU official in Brussels saying Greece is close to exiting its bailout program. Speaking anonymously on Thursday ahead of a major Eurogroup meeting next week, the official told AP there was "a great willingness...

More than 40 hotels all over Greece are expected to be sold in 2018 with high and non-performing loans being the main reason for the auction of those, expected in the first six months of the year. The first wave...

Increasing number of indebted Greek homeowners express concern about the fate of their property, despite assurances by the Greek government that primary homes will be protected. Foreclosure e-auctions, is perhaps the theme that could dominate the Greek political and social...

If Greece were to repay its sovereign debt today, each Greek would have to contribute 39,700 euros (47,869 U.S. dollars), according to the World Economic Forum. A country's debt is measured as percentage of its gross domestic product (GDP). Based...