economic recession

Greece was the only country in the European Union in economic recession over the fourth quarter of 2016. The performance of the Greek economy over the past three months of 2016 are reflected in Eurostat's chart with the data of...

Stefanos Andreadis is a Greek artist who feels strongly against the current situation in the European Union. Looking for a way to express his disappointment toward the institution, Andreadis thought outside the box. Since last February, the young Greek artist has been...

Slowly but surely, an investigation into some 54,000 money transfers from crisis-stricken Greece to foreign banks during the economic recession has identified around 2,000 civil servants who seem to have sent money overseas – sometimes as much as 700,000 euros. Transfers...

German Chancellor Angela Merkel has given credit to Greece, Ireland and Portugal for "early successes" in their economic recovery, while noting the three crisis-stricken countries have not out of recession yet, highlighting the necessity for further reforms. On the occasion of the...

The annual survey of the Research Institute of Retail Consumer Goods (IELKA), taking a sample of 2,000 consumers throughout Greece, showed that the economic recession has  changed the consumer habits of the Greek people. The Greek consumer is now...