April 23, 2010: Ten Years Since the Official Beginning of the Greek Financial Crisis

It was a day much like this on April 23, 2010, when the then-Prime Minister of Greece George Papandreou announced from picturesque Castellorizo Island...

Worst-Case Scenario for Greece is Eight Percent Recession, Says BoG Chief

Estimates of a ten percent economic contraction this year were excessive, Bank of Greece (BoG) governor Yannis Stournaras said on Tuesday, while noting that...

Greek Fruit Exports Boom as Consumers Worldwide Turn to Healthier Products

The coronavirus pandemic and the unprecedented havoc it has caused across the entire world has dealt an enormous and unprecedented blow to nations' economies. However,...

Greek State to Subsidize Ferry Routes to Islands To Keep Connection Alive

Greece's Ministries of Shipping, Finance, and Growth announced recently that the state will subsidize all ferry connections between the country's mainland and its islands,...

Greece Draws €2 Billion From Capital Markets After Successfully Issuing 7-Year Bond

Athens drew €2 billion from international capital markets on Holy Wednesday, following the successful issuance of seven-year syndicated bonds. Greece "has accessed global markets today,...

Greece Aims to Raise Money from Capital Markets by Issuing New 7-Year Bond

Greece opened a book-building process for a seven-year syndicated bond on Holy Wednesday. The Greek government ordered Citi, Commerzbank, Credit Suisse, Morgan Stanley, Nomura and...

IMF Warns Greece Could Face The Worst Coronavirus Recession in Eurozone

The International Monetary Fund (IMF) recently presented its World Economic Outlook, in which it predicts that Greece could experience one of the worst recessions...

Greece Says EU Economic Response to Coronavirus ‘Satisfactory’

Finance ministers of eurozone countries agreed on Thursday evening to to make €500 billion ($547 billion) available "immediately" to stimulate the EU economy that...

Greek Government Discusses Coronavirus Impact on Tourism for 2020

The effects of the coronavirus crisis on tourism and the prospects for a dynamic restart when conditions allow dominated a video conference between Greek...

Greek Labor Market Records 19-Year Low in March Due to Coronavirus Lockdown

According to Ergane, the Information department of the Greek Ministry of Labor, the Greek labor market recorded extremely negative numbers for employment in March...

Eurozone Accepts Greek Government Bonds as Collateral

Greece welcomed a decision by the European Central Bank on Tuesday to accept Greek government bonds as collateral as a move “that will further...

Greek Consumers Significantly Increase Use of E-commerce, Survey Shows

Greek consumers have significantly increased their use of e-commerce due to the coronavirus pandemic, an online survey conducted by the Research Institute of Retail...

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