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Eurozone

Sigmar Gabriel: ‘Greece entered the eurozone after falsifying data’

According to the German newspaper Die Welt, the Vice Chancellor of Germany and Federal Minister of Finance and Energy Sigmar Garbiel described Greece’s matter as something that should mostly concern the World Bank rather than the International Monetary Fund...

Jacques Delors: 'I do not Regret Greece's Entry into Eurozone'

The Greek governments are to blame for the country's present state, former president of the European Commission Jacques Delors said in an interview for Kathimerini newspaper on Sunday. "When the government of a country does foolish things, unfortunately this results...

ELSTAT: 27.8% Unemployment in Greece

According to data released by Eurostat, unemployment in Greece reached 27.8% in October, showing a slight increase compared to September when it stood at 27.7%. Moreover, unemployment in the eurozone remains stable at 12% for three months dating from October...

Greek Primary Surplus Seen 1B Euros

With international lenders pressing Greece to speed up delayed reforms and find a way to close a hole in the 2014 budget as big as 1.4 billion euros ($1.94 billion) the Finance Ministry said a primary budget surplus for...

J.P. Morgan: Elections in 2014 and SYRIZA's Win

In an economic research note of January 28, the American investment bank J.P. Morgan sees a significant chance (70%) of elections in Greece before the end of the 1st trimester of 2015. Its basic case is that the elections...

Icelandic Model to Economic Recovery – Vanishing Cyprus

In a democracy, true metamorphosis occurs when free-minded individuals refuse to be led by others but act upon their own instincts based on truth, logic, compassion and common sense; the absolute substance of one’s own freedom. In most cases people...

FT: Greece Will Soon Return to Markets

"Greece will soon be able to return to markets" estimates a new article in the Financial Times. The 10-year Greek bond yields fell to 7.8% yesterday, reaching the lowest point since the crisis outbreak in early 2010, after yesterday's...

Eurostat: September Unemployment in Greece at 27.4%

Eurozone unemployment remained at 12.1% in November, according to figures published by Eurostat today. In the EU-28, unemployment also remained stable at 10.9%. In November there were 26.553 million unemployed in the EU-28, an increase of 19,000 compared to October, and...

ESM Chief: No Greek Debt Cut

While Greek Prime Minister Antonis Samaras said Greece's battered economy will begin to recover this year - and with even a possible return to the markets - the government's hope for reducing its debt by not paying back in...

Record Year for Greek Tourism

The NBG announced that Greece achieved its goal of welcoming more than 17 million tourists. According to the data released on Tuesday during the January - October 10-month period, the number of tourists increased by 15.5% compared to the same...