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financial crisis

Former PM Pikrammenos Asked Obama to Mediate Between Greece and Creditors During Crisis

The former caretaker Prime Minister of Greece, Panagiotis Pikrammenos, admitted that he sent a letter to Barack Obama in 2012, asking him to intervene in order to prevent the imposition of capital controls in Greece. The startling admission came...

German Ex-Finance Minister Schäuble Admits ''I Asked a Lot From The Greeks''

Wolfgang Schäuble, the former Finance minister of Germany and the current President of the German Parliament, gave an interview to Berliner Morgenpost newspaper on Monday in which he admitted that he ''asked a lot from the Greeks'' during the...

BBC Film Portrays Ten Years of Financial Turmoil in Greece (video)

The nail-biting weeks leading up to the first Greek bailout in 2010 are the subject of a new BBC documentary which aired on February 4. The spellbinding film, titled “Inside Europe -- Ten Years of Turmoil" takes viewers inside the...

Tsipras States Greek Recovery Now Beginning

"2019 will be a landmark year for Greece," Prime Minister Alexis Tsipras said on Sunday while visiting Samothraki island, where he attended Epiphany Day celebrations at the church of Panagia Kamariotissa and was made an honorary citizen. Tsipras said that...

One in Three Greeks Lives In Danger of Poverty, Data Show

34.8 percent of Greeks live in poverty or in danger of poverty, according to data revealed by the European Statistics Authority, Eurostat. More specifically, 20.1 percent of Greeks live in conditions of poverty and social exclusion, with 14.6 percent of the...

How The Financial Crisis Changed The Eating Habits of The Greeks

According to a survey conducted by Greece’s IELKA institute of research, during the last 8 years due greatly to the financial crisis that hit the country, Greeks have shifted significantly from what they used to eat a decade ago. As...

Is Greece Out of the Woods? Key Dates from a Decade of Crisis

It has been a long and painful road for Greece and its people during a decade of economic meltdown and austerity. As analysts pick over Thursday’s deal announced at a Eurogroup meeting in Luxembourg which purports to lay down Greece’s...

Divorces on the Rise in Greece due to Financial Crisis

Excessive taxation and the dramatic drop of the average Greek income has; among other things, led to a rise in the number of divorces around the country. More and more couples state they are separated, while divorces have risen by...

Study Shows Financial Crisis Contributing to Greek Youth Delaying Marriage

A study conducted by In4Youth has shown that young Greeks are delaying marriage due to the financial crisis. Many youth cannot afford to live on their own, the study revealed, forcing them to continue living with their parents and making...

Housing Sector Dealing with Over 10,000 Older Homes Abandoned Last Year

The latest data from GLP Values chartered surveyors of advisers, expert agents and brokers shows that an estimated 150,000-180,000 existing properties in Greece are being ignored by potential buyers as there is no demand for the older residences. According to sources,...