Bloomberg
Business
Athens Home Prices Are Surging Faster Than Other European Cities
Home prices in Athens are surging making the Greek capital one of Europe’s hottest housing markets, Bloomberg reports.
Home prices in the Greek capital climbed 12.2 percent in October, nearly triple the gains in Stockholm and bucking declines in cities...
Economy
Greek Economy Grew by 2.7% in Second Quarter
The Greek economy recorded a growth rate of 2.7 percent in the second quarter of 2023 compared to the same period in 2022, according to data compiled by the Hellenic Statistical Authority (ELSTAT).
ELSTAT data indicate that, on an annual...
Ancient Greece
Parthenon Marbles Could Be Returned to Greece Under ‘Long-Term Loan’ Deal
The Greek Culture & Sports Ministry declined to confirm reports that the British Museum and the Acropolis Museum are nearing an agreement on the gradual return of the Parthenon Sculptures to Greece.
Bloomberg and the Daily Telegraph reported on Tuesday...
Energy
Europe Can Fight Putin by Imposing Cap on Gas Price, Greek PM Says
Greek PM Kyriakos Mitsotakis repeated a call for European action to cap gas prices in an article published by Bloomberg on Monday.
While such a cap carried risks, he said, Europe must “take back control of its gas market" and...
Europe
Americans Looking to Move to Greece and Europe on the Rise
Many Americans are looking to relocate to Greece and Europe driven by the rising cost of living, inflated house prices, and a surging dollar says a report in Bloomberg.
It notes that, according to Sotheby’s International Realty, requests from Americans...
Business
PM Mitsotakis Exalts Greek Economy in Meeting New York Leaders
Greece's Prime Minister Kyriakos Mitsotakis said on Thursday in New York that the growth of the Greek economy may exceed an impressive 5.9 percent for the entire year.
In an interview for Bloomberg television, Mitsotakis hit an optimistic note on...
Economy
Bloomberg Says Greek Economy Among "Most Miserable" in the World
The Greek economy remains among the five most difficult economies in the entire world, according to Bloomberg survey published on Thursday.
Despite official declarations that Greece has exited its ten-year crisis, Bloomberg finds that only Venezuela, Argentina, South Africa and Turkey...
Economy
Greece Unlikely to Get Reassurance in Clarity on the Debt Issue from Creditors
Following an Economist Conference that took place last Wednesday in Frankfurt, Yannis Stournaras, the governor of the Bank of Greece, warned that Greece's economy "cannot withstand the uncertainty of one more year on whether there is going to be some...
Economy
Greece Leads in Most Spent on Elderly Pensions Than Eurozone Counterparts
One of the biggest thorns in the negotiations between Athens and international bailout auditors is Greece's pension expenditure, highlights a Bloomberg report that presents a graph depicting the percentage of GDP spent on pensions by Eurozone countries.
The report states...
Economy
Bloomberg: Greek FinMin Admits Grexit Still on Table
Greek Finance Minister Euclid Tsakalotos said that Greek bonds will soon be eligible for the European Central Bank's asset-purchase program, in an interview with Bloomberg. He pointed to the benefits of this, including the gradual recovery of investor confidence.
Greece...