Greek Economy

The Greek government arranged the first journalists’ briefing for first time in three years. Greek government spokesman Gavriil Sakellaridis stood on the podium on May 4, before Greek and foreign political journalists in order to inform them about the...

Greek Tourism Minister Elena Kountoura underlined the importance of tourism for Greece's economy and the need for stability so that "we can have the number of tourists we wish," while inaugurating the 2nd Mediterranean Yacht Show in the historic...

Greek Prime Minister Alexis Tsipras is planning to meet with the heads of Greece’s creditors over the next few days, in an attempt to arrange a Eurogroup meeting and to make progress in the negotiations, so that Athens can...

A witness to Yanis Varoufakis attack in Athens, said that the Greek Finanace minister informed the crowd of anarchists who attacked him that he is not part of the 'system' thus he won't survive long in Greece's political scene...

The bailout talks between Greece and its creditors will continue over the weekend, but it appears that Athens has no intention of moving forward with the multi-bill which would bring new measures on taxation, if the next bailout installment...

Moody's Investors Service has today downgraded Greece's government bond rating to Caa2 from Caa1. The short-term rating is unaffected by this rating action and remains at Not Prime(NP). The outlook on the rating is negative. Moody's government bond rating...

The British Foreign & Commonwealth Office has warned holidaymakers to take cash with them if they plan on visiting Greece over the next few months, due to fears of an economic collapse. “The Greek tourist board in London said that...

By Costas Douzinas* This is why Syriza's negotiating strategy has to play to the European gallery and not just to the suits in the conference room. The aim is to persuade people to put pressure on their own governments or change...

Greek Prime Minister Alexis Tsipras on Tuesday said that his government is close to an initial and partial short-term deal with its lenders that may bring a first aid to cash-strapped Greece. "I think that by the 9th of May...

Within a few weeks, Greece will not be able to pay salaries, pensions and loan obligations to the International Monetary Fund and other lenders, unless a bailout deal is reached.