Economy

The American tariffs, Italy's hostility towards Brussels, and Greece's fragile economy post-bailout are a danger to the global economy, says ''Capital Economics''. ''Greece is not under a bailout program but is still in the danger zone'', say the analysts of...

Talks are already being scheduled for post-bailout talks between Greece and its lenders, European Commissioner for Economic and Financial Affairs Pierre Moscovici has announced. The meetings are to begin on September 10 in Athens and according to sources, the government...

When it comes to how Greece has stayed afloat throughout the financial crisis that has gripped the nation since 2010, it is no surprise that products that contributed to the country's economy are certain dynamic exports that are exclusive...

Greece's GDP per capita was just 67 percent of the European average in 2017, one percentage point lower than in 2016, placing the country among the poorest half of the EU, according to a report by the statistical service...

The IMF new assessment for growth in Greece is at 2 percent of gross domestic product, lower than the 2.6 percent forecast six months ago, according to the Fund's latest report. According to the Athens-Macedonian News Agency, the International Monetary...

Turkey saw a cut in its long-term issuer and unsecured debt ratings on Thursday, and a reduction in its rating outlook from 'stable' to 'negative'. Credit rating agency Moody's said the fall from Ba1 to Ba2 was due to a...

A Greek private services company with arrears of nearly €700,000 ($870,000) became the first business to reach a settlement under a new out-of-court process for outstanding debts. The Athens-Macedonian News Agency (AMNA) reports that the unnamed company had outstanding debts...

The banking system is still susceptible to external financial dangers, the Bank of Greece (BoG) warned in a review of the Greek financial sector released this week. Although Greek banks have significantly strengthened in the January-September 2017 period, they must...

Talks between Greece's creditors and the government on concluding the third review of the Greek program are due to begin today (Monday), when the heads of the institutions' missions return to Athens. This will be the first round of negotiations,...

Greece could return to financial markets in the next few weeks, investors and bankers close to the discussions told Reuters. Greek finance minister Euclid Tsakalotos met with investors in London last month and one of those funds, BlueBay Asset Management,...