Eurostat
Economy
Eurostat Fudged Greek Primary Surplus Figures
The European Union's statistics agency Eurostat has said it manipulated data to show that Greece has a primary surplus of 1.5 billion euros when in reality it still runs a deficit, but defended the fudge as a legitimate exception afforded none...
Economy
More Than 225,000 Greeks Scurry For Social Dividend
Greek Prime Minister Antonis Samaras' pre-election cash giveaway has prompted hundreds of thousands of people to apply for the so-called "social dividend," much of will be given to low-income pensioners along with the military and emergency personnel that make...
Economy
Samaras Plans Post-Easter Election Campaign
Prime Minister Antonis Samaras, whose conservative New Democracy party faces a tough test in next month's municipal and European Parliament elections, is readying an after-Easter campaign that will emphasize recent good economic news as well as upheaval in the main opposition camp,...
Economy
ELSTAT: How Much Does Greece Really Owe?
Greece's GDP shrank by 40 billion euros between 2010 and 2013 to 182 billion euros, and public debt amounted to 175% of that figure, or 318.7 billion euros, according to a Hellenic Statistical Authority (ELSTAT) report forwarded to Eurostat as notification of the excessive...
Greece
Greek Real Estate Prices Plummet as Properties Sit Empty
Bank of Greece data has revealed overtaxation of properties and lack of demand have resulted in almost 250,ooo properties being unsold in Greece, dragging house prices by 40%.
However, real estate market experts believe that buyers can even find properties with prices...
Economy
Greek Real Estate Market Still on Downward Slope
The Greek real estate market is still on a downward slope due to the lack of demand, the decline in people’s revenues and the overbearing tax burdens.
In particular, Eurostat reveals that the Greek real estate market experienced the second-biggest...
Greece
Angela Merkel's Visit to Greece Rushed
Angela Merkel will be arriving in Athens at the end of next week to express her support for the government of Greek Prime Minister Antonis Samaras.
According to the German newspaper, Suddeutsche Zeitung, Merkel will be arriving in Greece on Friday,...
Greece
Unemployment in Greece Still Highest in EU
Despite a slight drop in unemployment in December in Greece, the proportion of young people and females without work remains the highest in the European Union, data provided by Eurostat has revealed.
Unemployment in Greece rose to 27.5%, compared to 27.6%...
Greece
Triple Election Possibility Emerges
According to Greek news, the Greek Prime Minister’s close associates are suggesting that national elections take place in May alongside the regional and European elections.
Seeing the coalition crumbling, while Antonis Samaras' poll numbers are not the worst, his colleagues are proposing that...
Greece
Greeks Getting Milked on Dairy Price
The price of fresh milk in Greece is the third most expensive in Europe, behind Cyprus and Italy.
From now on, there will be two types of milk in the Greek market: fresh milk with two-day expiry and long-lasting milk with...