Crisis in Turkey Starts to Affect Greek Economy

The Greek economy has started feeling the impact of the crisis in neighboring Turkey, as the Athens Stock Exchange showed a 3 percent plunge...

Tourists Told Card Payments ‘Help Greece’s Financial Recovery’

Greece's revenue authority is running a new campaign to tell millions of visiting tourists about claiming receipts while in the country. As Greece expects to...

Special Rules for Greek ECB Borrowing to End After Bailout Exit

Greece will be unable to access cut-rate European Central Bank funding from Aug. 21 -- a day after the expected 'official' exit from the...

Greek Bond Yields Rise Amid International Tensions

International market strife over U.S. sanctions on Russia and Turkey has had a knock-on effect with Greek bond yields breaking the four-percent mark on...

Greece Could See Record Year for Tourism

Visitor arrival figures for 2018 so far indicate that this will be a record year for tourism in Greece. Official data from the Hellenic Civil...

Greek Unemployment Falls in May

The Greek unemployment rate fell to 19.5 percent (seasonally adjusted) in May from 21.7 percent in May 2017 and 20 percent in April 2018,...

Greek Islands Could See Fuel Price-Cap as Costs Soar

Rising costs for unleaded fuel in the southern Aegean islands has prompted Greek regulators to consider a two-month price cap. A report in Kathimerini states...

ESM Releases Last Bailout Tranche to Greece Worth €15B

Greece on Monday received a fifth and final multi-billion-euro payment ahead of the country's exit from its economic bailout scheduled for Aug. 20. The European Stability...

4 More Decades of Austerity Await Greece, US Economist Warns

Instead of providing stimulus for growth to Greece, its European creditors are forcing the country into renewed austerity that will last four decades, a...

Greece’s Unemployment Highest in Developed World (chart)

Greece tops all countries in the developed world in unemployment according to the Organization for Economic Cooperation and Development’s (OECD) Employment Outlook 2018. Greece has...

The Top Greek Exports that Helped Greece Through the Financial Crisis

When it comes to how Greece has stayed afloat throughout the financial crisis that has gripped the nation since 2010, it is no surprise...

Final Loan Installment to Greece ‘in the Coming Days’

The European Stability Mechanism (ESM) said in a press release on Thursday that Greece's fifth and final loan installment from its adjustment program will...

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