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Greek Economy Slumps Further In Fourth Quarter

Greece was plunging deeper into recession at the close of last year, documenting the devastation of the country's economy even before new austerity plans...

Cuts Drive Greek Unemployment to Record High‎

Greece’s unemployment rate rose in November to a record high, while declining industrial production in December indicated a deepening economic contraction in the final...

ELSTAT: Arrivals from Abroad Increased by 10.4%

According to the Border Statistical Survey conducted by the Bank of Greece, in the period from January to September of 2011, arrivals of non-residents...

Greek Prosecutor Wants Papandreou Investigated

ATHENS – Former Prime Minister George Papandreou should be investigated to see if there was any wrongdoing in how he handled the country’s economic...

ELSTAT False Deficit Case Reaches Supreme Court of Greece

On Friday, financial prosecutor Grigoris Peponis submitted his initial findings on the Hellenic Statistical Authority (ELSTAT) case file to the country’s Supreme Court. According to...

Greek Inflation Rose by 2.4% in December 2011

Greece's EU harmonized inflation eased to the lowest in four months in December, data released by the Hellenic Statistical Authority showed Wednesday. The harmonized index...

Greek Prosecutors Say Middlemen Interfered in Their Cases

ATHENS – Two Greek financial prosecutors who earlier resigned after complaining about political interference with their work – and then quickly returned – have...

Motor Vehicle Sales Fall Sharply In 2011

For the fourth year in a row, automobile sales continue their downward spiral in Greece. According to the Hellenic Statistical Authority (ELSTAT), vehicles sales...

Greek Customs Official Denies Involvement in Fuel Smugglers

ATHENS -  A top-ranking Greek Finance Ministry official who resigned under fire after charges he waived fines on some 3,500 gas stations for unlawful...

Greek Prosecutor Charges Customs Officials in Tax Case

ATHENS – With pressure mounting on Greece to go after tax evaders and an embarrassing turnaround for the government after two top prosecutors going...

Greek Statistics Chief: “I’m Being Prosecuted for Not Cooking the Books”

ATHENS – Greek Statistics Chief Andreas Georgiou, an American-trained economist and former chief of numbers for the International Monetary Fund brought in last year...

Greek Unemployment Hits 17.6% – and Climbing

Despite 18 months of pay cuts, wage hikes, and slashed pensions, a $157 billion bailout – and now forgiveness of half of its new...

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