Greek economic crisis

In September 2013, nearly one in three loans (31.2%) was not paid, while almost one in two borrowers (45.8%) did not pay their credit card installments. This is one of NBG’s biggest problems, as well as commercial banks that...

The Financial Times published another article concerning the Greek economy stressing the fact that Greek banks are in need of a 20 billion dollar capital, even though the IMF denied it yesterday and spoke of a 5.5 billion recapitalization. This...

The New York Times published an extensive article on how Greeks have decided to experiment with a new kind of economy by redefining the market, in order to save their businesses. The article was entitled “After Crisis, Greek Work...

The EU auditors together with the Greek government, posed  the question of raising the Greek VAT on food on the agenda of discussions. According to a European Commission study, the Greek government collects around €15 billion a year from...

The facts being revealed about the child protection networks which are operating in Greece are very concerning. Toddlers abandoned in nurseries, children who are exploited for their labor even by their own families and especially, the absence of a...

In a meeting held earlier on Friday in Brussels, the eurozone’s finance ministers have agreed to provide the International Monetary Fund (IMF) with political guarantees, in order for it to continue to participate in the Greek bailout package, as...

In an interview with the Wall Street Journal, EU Commissioner Olli Rehn said that the revision of the Greek bailout package, which has been postponed for the third time now, will be completed "in the next few months," heightening concerns...

The annual survey carried out by the Small Enterprises’ Institute (IME) of the Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE) reveals that the worsening of Greek households’ finances has led to big cuts in expenditure, especially for food,...

No matter if things have changed due to the Greek economic crisis and no matter if every major scientific field offers many related expertises. Parents in Greece remain constant and traditional as for the career choices they wish their...

In the first decades following the Second World War, Greeks traveled to Germany organized. They knew that there would be someone to welcome them at the train station, that they would have a house, security and above all a...