GDP
Economy
Deputy FinMin: Greece's Debt Rose to 185% of GDP in 2014
Greece's public debt increased to 185% of GDP in 2014, Deputy Finance Minister Dimitris Mardas said in a press briefing on Wednesday, presenting figures from the state's General Accounting Office.
He expressed his concern over the debt's upward trend, stressing that it...
Economy
Financial Advisory Lazard: 'Troika Is Wrong About Greece'
Shortly after taking office as the next Greek Finance Minister, Yianis Varoufakis requested the help of financial advisory Lazard in order to deal with the negotiations regarding Greece’s public debt which has reached 176% of GDP.
Matthieu Pigasse, head of...
Greece
Alexis Tsipras May Follow in Andreas Papandreou's Footsteps
Alexis Tsipras will either prove to be a new Hugo Chávez or a reformist like Former Brazilian President Lula, noted the Financial Times in an article regarding the Greek elections, pointing out that a key question is whether the...
Economy
Greek Public Debt at 176% of GDP in Q3 2014
According to data released by Eurostat, the Greek public debt increased to 176% of the country’s GDP during the third quarter of 2014, from 171% in the same quarter of 2013.
Public debt within the Eurozone stood, on average, at...
Economy
Greece Recorded Third Highest GDP Growth in EU in Third Quarter of 2014
The Eurozone economy showed marginal growth in the third quarter of 2014, with GDP showing an increase of 0.2% in the third quarter, compared to the previous, according to revised figures released today by the European Statistical office, Eurostat.
In...
Economy
PM Samaras on Greece's 'New Era of Opportunity'
The progress made on the Greek economy over the last two years, as well as the many opportunities now offered to investors, emphasized Greek Prime Minister Antonis Samaras in a message he sent via webcast at the 16th annual Capital...
Economy
Greece and Troika Still Far Apart in Negotiations
After 11 hours of negotiations, Greece and the troika of international creditors left the table still at a deadlock. The two sides continue to disagree strongly on the 2015 fiscal gap and security funds issues, meaning that Greece's hopes...
Economy
PM Samaras: Greece's Return to Growth Is a Fact
The Hellenic Statistical Authority (ELSTAT) announced earlier today that Greece's GDP growth rate for the third quarter of 2014 stands at 1.7% and Prime Minister Antonis Samaras made an official statement on the matter. The Greek Premier underlined that the...
Economy
Computer Science Graduates from Thessaloniki University Landing Jobs
"There is not a single one of our graduates who is out looking for a job," says a professor of Computer Science at Aristoteleio University of Thessaloniki. The statement sounds strangely optimistic in a city where unemployment reaches upwards...
Economy
Greek Fiscal Deficit at 12.2 pct of GDP in 2013
Greece's fiscal deficit was 12.2 pct of GDP in 2013, while the country's public debt totaled 174.9 pct of total GDP, Eurostat announced on Tuesday.
In its revised figures for fiscal deficit and public debt in the EU, Eurostat said...