Unemployment Rate Reached 13.5% In Oct 2010

Hellenic Statistical Authority announced on Thursday that the unemployment rate in October 2010 increased to 13.5% compared to 9.8% in October 2009 and 12.6%...

Consumer Price Index Rose By 5.2% In Dec 2010

The Hellenic Statistical Authority announced on Tuesday that the Consumer Price Index recorded a rise of 5.2% in December 2010 compared with December 2009. The...

Greece Sells EUR1.95bn T-bills, Interest Rate At 4.90%

The Greek Public Debt Management Agency said it sold EUR1.95 billion of 26-week treasury bills with Greece paying a yield of 4.90% during the...

Jan.-Dec. 2010 Budget Reduced By 36.5%, Beats Target

State budget deficit for the period January-December 2010 is EUR19.603mn, reduced by 36.5% compared to EUR30.871mn in 2009, the Ministry of Finance announced on...

Greek Bond Spreads Hit New Record

Greek 10-year spreads hit another record high amid volatility and just ease off their new record, exceeding benchmarch German bond rates by 10 percentage...

“Sovereign Risk Report” Ranks Greece as Most Risky Nation

Greece tops the list of the ten most risky sovereign countries seen as most likely to default on debt and unable to honor its debt...

Greek Investment to Inject 4 Billion Euros in Economy

Greece will announce investment worth 4 billion euros ($5.2 billion) in March under a plan to inject liquidity into Greece’s economy, the Athens News...

Greece will Issue 6 Month T-Bills Worth 1.5 Billion Euros

Greece on Friday said it would issue next week a batch of six-month treasury bills worth 1.5 billion ($1.97 billion).  This is the largest offering...

Greece Isn’t in Debt Restructure Talks, Minister Tells Reuters

Greece isn’t in talks with creditors on restructuring its debt, Reuters news agency said, citing an interview with Finance Minister George Papaconstantinou. Papaconstantinou said talks...

Greece’s Revenue In 2010 Rose By 5.4%

Despite repeated revisions of the financial goals of last year΄s budget, Greek government missed a revised target of revenue by about EUR290million, according to...

President of Industrialists of Athens & Pireaus: Greek Economy Entered Vicious Circle

The Greek economy has entered a vicious circle that will be very hard to exit, president of the Association of Industrialists of Athens and...

Private Sector Credit Decelerated Further in Nov 2010

The annual growth rate of total credit granted to the domestic private sector decelerated further to 0.4% in November 2010, from 1.0% in October...

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