Greece

The highest government debt to GDP ratios in the Eurozone were recorded in Greece (168.8%), Italy (135.1%) and Portugal (129.6%), according to a recent Eurostat news release for the first quarter of 2015. However, the Greek government debt also recorded...

According to reports, the European Central Bank (ECB) Governing Council decided on Wednesday to raise Emergency Liquidity Assistance (ELA) to Greek banks by another 900 million euros. The ECB had raised the ELA cap by the same amount a week ago. If...

Greek Justice Minister Nikos Paraskevopoulos admitted that he partly disagrees with some of the changes in the Code of Civil Procedure that he is calling the Greek Parliament to vote in favor of today. Paraskevopoulos addressed the Parliamentary Committees assessing the set...

In an interview with the Belgian newspaper Le Soir that was published on Wednesday, European Commission President Jean Claude Juncker appeared concerned over the state of the European project. Juncker argued that Greece should not feel humiliated with the outcome of the Brussels negotiations of July 13...

The troika of international creditors returns to Athens on Thursday to start assessing the state of Greece's economy, complete the review of the second bailout program and start working on the third. According to a Proto Thema newspaper report, the...

Even though more men were fired after the economic crisis hit Greece, women continue to be the weaker sex in regards to the labor market, as the rate of unemployment in women is still higher. Data released by the Hellenic Statistical...

SYRIZA's left platform attacked Prime Minister Alexis Tsipras for not having a Plan B and succumbing to creditors' demands to sign a deal that goes against party policy. With several SYRIZA MPs stating that they will vote against the second...

A group of 190 illegal migrants, who had been sailing in a rudderless ship near the Greek island of Karpathos, were safely collected and transferred to Sitia, Crete on a freighter. They arrived at the port early in the...

Greece's world-leading shipping industry is coming under increasing pressure to carry a big part of the new taxes the new bailout agreement requires. The Greek government has agreed to raise taxes on the long-protected sector of shipping, "a part of...

Fighting corruption and finding ways to offset the harsh measures imposed by Greece's creditors will be the coalition government's top priority, Deputy Minister of State Terens Quick told the ANA-MPA in an interview. "The number one priority is for people...