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Greek Economy Shrank 7.5% in Fourth Quarter

"Available non-seasonally-adjusted data indicates that, in the 4th quarter of 2011, gross domestic product (GDP)...decreased by 7.5 percent in comparison with the fourth quarter...

Greek GDP shrinks by 7.0% in Q4 2011

The Greek economy shrank by 7.0 percent in the fourth quarter of 2011, compared with the corresponding period in 2010, Eurostat announced. The EU executive...

Greek Finance Minister: We are Ready to Activate CACs

Greek Finance Minister Evangelos Venizelos warned Athens' private creditors on Monday not to hold out but take the bond swap on which a second...

Greek Economy Slumps Further In Fourth Quarter

Greece was plunging deeper into recession at the close of last year, documenting the devastation of the country's economy even before new austerity plans...

Papademos Urges Further Income Cuts, Warns of Disorderly Default in March Without Loan Deal

Greece faces the risk of a disorderly default in March if it doesn't complete negotiations for the country's second bailout starting later this month,...

Greek-German Singer Vicky Leandros Says ‘Not All Greeks are Frauds and Corrupt’

The Greek-German singer Vicky Leandros gave an interview on Berlin Tagesspiegel Daily, speaking about Greece and her short career as a politician in Greece...

Greek Economic Sentiment Improves Slightly On New Government

Economic sentiment in Greece improved marginally in November after the appointment of an interim government helped consumer confidence inch away from record lows, but...

Tourism and Exports still Growing

Tourism and exports are the only sectors of the Greek economy that are managing to deliver any positive news during the general crisis in...

Prime Minister: We Need To Build On July 21 Conclusions

George Papandreou said on Thursday that the comprehensive package would include issues such as the need for deeper economic cooperation, integration and governance, the...

Korres: During Tough Times Companies Still Thrive in Greece

While Greek economy makes negative headlines globally, some Greek companies are still strong and are not only growing during this crisis, but are inventing...

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