Economy

If Greece’s partners continue to turn a blind eye on the country’s debt, this will be bad both for the country and the Eurozone’s credibility, Panagiotis Roumeliotis, Greece’s former representative to the IMF, said in a public hearing before...

Greek Finance Minister Yanis Varoufakis late on Monday said that the three institutions have different red lines. "It is one thing to negotiate with one institution and another thing to negotiate with three institutions that do not want the same...

Spanish citizens have decided to show their support toward Greeks and their struggles by organizing and shooting a video entitled “Auditamos Grecia.” They wanted to send a message: “You are not alone, we are all Greeks.” In the video, Spanish citizens...

The majority of Greeks, 7 out of 10, choose to stay in the Eurozone at any cost, according to a latest opinion poll conducted by GPO. The poll was presented on Mega television on Monday night, showing that 69.7 percent...

There is a 30% chance of Greece defaulting on its debt and leaving the Eurozone in 2015, according to a recent poll of euro money market traders published in Reuters. While the poll median was 30%, one of the traders revealed that he/she feels absolutely certain...

A new summit of EU leaders will be held next Friday if Greece and its international creditors do not reach an agreement during the Thursday Eurogroup. According to German newspaper Süddeutsche Zeitung, there will be no solution on Greece, once again, in the new...

ICAP group carried out a research among 1,325 Greeks working in 56 countries across the globe to explore the "Brain Drain" phenomenon, on the occasion of the 2015 Human Capital Summit. According to the study, the majority of talented young professionals is now...

Greece awaits the institutions' invitation to continue negotiations, government sources said on Monday, pointing to a statement made by government Vice President Yiannis Dragasakis in Brussels who clarified that “the Greek side is ready to complete negotiations.” "We await the institutions' invitation...

Standard & Poor's Ratings said on Monday that it would not move the ratings on Greece to 'SD' (selective default) should the government miss making payments on bonds maturing in July and August totaling 6.7 billion euros held by...

On his way into a Christian Democratic Union (CDU) executive meeting in Berlin, European Commissioner for Digital Economy and Society Guenther Oettinger told reporters on Monday that it is essential for Greece to settle for pension reforms and general budget consolidation in...

The Greek government does not want to speak of an impasse in negotiations; creditors' demands are harsh, the mandate given to the government by the people is clear and efforts will continue, government spokesman Gavriil Sakellaridis said on Monday. He said...

The European Commission officially rebutted Greece's claims and press leaks that creditors ask for irrational austerity measures in order to come to an agreement. European Commission chief spokesperson Margaritis Schinas and Coordinating Spokesperson for Economic and Financial Affairs Annika Breidhardt spoke...

The negotiations between Greece and its creditors came to an abrupt end on Sunday, June 14, so Greece is now entering a critical and decisive week. According to Bloomberg after a 45-minute meeting in Brussels, the differences that still separate...

"Greece has nothing to lose by saying no to creditors," is the title of an analysis by The Financial Times that says bankruptcy and a subsequent Grexit would not be catastrophic after all. According to the article, Prime Minister Alexis...

Greek Finance Minister Yanis Varoufakis, speaking to radio station "Sto Kokkino," on Monday appeared optimistic about the next day of the interruption of the negotiation. "Today is a very nice day, we have finally come to the moment of clarity....