debt

The Greek theatrical and cultural treasure that was established as a museum in 1938, is not open anymore and is facing a permanent closure. Among the museum’s collection, here you will find historic archives from the press dating back to...

Cypriot households and businesses continue to be highly indebted despite the decline in debt levels, according to a report released on Tuesday by the Central Bank of Cyprus. According to the report, the debt of the non-financial private sector reached...

Greece's central government debt reached €345.3 billion at the end of June, up from €343.7 billion three months earlier, according to data published by the General Accounting Office on Friday. The state's cash reserves stood at €13.08 billion, up from...

The International Monetary Fund (IMF) has dampened optimism over the medium- to long-term prospects for the Greek economy as the country prepares to complete its third bailout in three weeks time. According to the Fund's debt sustainability analysis which was...

Greece's prime minister, Alexis Tsipras, celebrated the conclusion of a deal with Eurozone ministers on debt relief by addressing his cabinet officials wearing a necktie in public for the first time. In an event broadcast live on Greek public TV, Tsipras...

Amid the hype over Greece's debt-relief deal struck with the Eurogroup on Thursday, dissenting voices have emerged, critical of the agreement which is said to chart Greece's exit from its international bailout. At home, Greece's main opposition party, New Democracy,...

The Greek government is preparing an event on Friday evening to celebrate the agreement reached by Eurozone ministers on debt relief and a cash payout, paving the way for the country's bailout exit in two months’ time. Reports suggest that Prime Minister...

IMF agreement will not be necessary for a June 21 meeting of eurozone ministers to back Greek debt-repayment measures, it was claimed on Tuesday. Media reports citing an unnamed EU source in Brussels stated that Thursday this week would see...

Greece has recorded a primary surplus of 4.0 percent of GDP, or 7.080 billion euros, in 2017, according to data released on Monday by country’s independent statistics agency (ELSTAT). This is the third year in a row that Greece outperforms...

Greece's public debt totaled 177.4 percent of GDP in the third quarter of 2017, up 1.3 percent compared with the second quarter of the year, but down 0.5 percent in comparison with the third quarter of 2016, Eurostat said...