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Eurostat Survey Finds Greeks Continue to Dine Out Despite Crisis

Despite the substantial decrease in their incomes in the period between 2010 and 2016, Greek citizens seem to have not been very keen to curtail...

Study Finds Greece’s Social Handouts at EU Average, but Unequally Redistributed

The European Statistics Agency Eurostat published an interesting study recently about the levels of social protection across the European Union. The study presents valuable information not...

European Stability Mechanism Approves Athens’ Request for Early Repayment of IMF Loans

The European Stability Mechanism (ESM) on Monday approved an early partial repayment of Greece's outstanding loans to the International Monetary Fund (IMF). At the same...

Greece’s Tourism Revenues Up by 13.6% So Far in 2019

According to Bank of Greece data on the country's current account balance between January and August of 2019, revenues from tourism rose by an impressive...

IMF Disagrees With Brussels; Sees Lower Greek Surpluses for 2019, 2020

Vitor Gaspar, the Head of the Fiscal Affairs Department of the International Monetary Fund (IMF) presented the Fund's Fiscal Monitor on Wednesday, just before its annual...

European Union to Give Green Light to Greece’s Budget for 2020

Τhe European Commission posted Greece's draft budget plan for 2020 on its website on Wednesday. The budgetary projections envisage a primary surplus of 3.7...

Greek Primary Surplus Continues to Exceed Targets Despite Tax Cuts

The Greek state budget recorded a primary surplus of 4.479 billion euros in the January-September period over budget targets, for a surplus of €1.467...

Greece Borrows With Negative Interest For the First Time in History

Greece has for the first time in history borrowed money with a negative interest rate, it was made public on Wednesday. According to a statement...

Greece Borrows €1.5 Billion at Extremely Low Interest With New 10-Year Bond

Greece managed to tap €1.5 billion on Tuesday from global financial markets after it reopened its 10-year bond to take advantage of the new,...

Greece Expected to Tap Financial Markets With New 10-Year Bond

Greece will very soon seek to pump additional money from global markets in an effort to capitalize gains made on the historically-low interest rates that...

Tourists in Greece Spend 16% More Money This Year Compared to 2018

According to the latest figures published recently by the Bank of Greece, tourists visiting Greece during the first half of 2019 spent an average of 15.9...

ESM Lauds Greek Economy’s Achievements, Warns About Future Measures

The European Stability Mechanism (ESM) published its annual report for the year 2018 on Thursday. The European Institution praised Greece for its recent efforts strengthen...

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