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Labor Cost in Greece Drops Dramatically

In the last four years, the labor cost per hour in Greece dropped by 11.2 percent according to data Eurostat published on April 10. According...

Greece Cuts Energy Use In Crisis

A significant side effect of Greece's crushing economic crisis has been a drastic reduction in the amount of energy being used, according to the...

Greece Jobless Rate Highest in EU

As Greek government officials insist that the worst of Greece’s economic crisis is coming to an end despite a sixth year of recession, the...

Greek Consumer Spending Falls 15.3%

With retailers desperate for customers and hoping an ongoing annual sales period with discounts up to 80 percent will bring them back, fearful Greeks...

EU Backs Georgiou On Greek Statistics

Contradicting Greek prosecutors who want an investigation into whether Greece’s statistics agency ELSTAT manipulated numbers in 2009 to force the country to seek an...

Greece Has EU’s Lowest Inflation Rate

It may not matter much in the aftermath of  deep pay cuts, big tax hikes and slashed pensions, but Greece at least has the...

Immigrants in Greece Send Less Cash Home

Immigrants living in Greece sent a total of 922 million euros ($1.2 billion) to their countries of origin last year, a 14.6 percent decline...

Greece Hits Top in Youth Unemployment

According to figures published Nov. 30 by Eurostat, Greece ranks first in youth unemployment. From data collected in August 2012, Greece ranks first with 57%,...

Greek Dairy Companies Keep Prices High

While Greeks have had their pay cut, taxes hiked and pensions slashed during a crushing economic crisis, the country's dairy companies, accused by critics...

Eurostat: Greek Inflation Lowest in Eurozone

While Greece is suffering a crushing economic crisis, at least inflation hasn't done as much damage as it could. Figures from the European statistics...

Despite Recession, Greek Prices Stay High

According to the latest report of Europe's statistical agency Eurostat, Greece remains among the most expensive countries in the EU despite the economic contraction...

Over 5 Million Jobless Youths in EU; Greece, Spain at the Top

A new level of record unemployment was reached in the eurozone in July at 11.3%, the highest since the creation of the 17-member single...

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