Greek financial crisis

In a recent article, Business Insider magazine compares the current crisis European countries are facing, with the Great Depression of 1929 in the United States of America. “By the time President Roosevelt gave his inaugural address in March 1933, America...

The financial crisis has created new opportunities for Greeks who wish to open their own companies. According to a recent survey, 23.5% of respondents stated that they are planning to start their own business. The survey, conducted by KAPA Research,...

Mental illness is another dark aspect of the Greek financial crisis which typically goes unseen, but the drastic changes in Greeks’ daily lives over the last years have had serious consequences on the state of the country's mental health. Psychiatric hospitals...

Villages across Greece are facing financial difficulties due to the financial crisis that has hit the country. The hard situation is also reflected in the numbers, according to Hellenic Statistical Authority (ELSTAT). The annual survey on income and living conditions in...

Even in the current climate of economic reform overtaking Athens, tax evasion rates remain startlingly high in Greece, with an estimated one in four economic transactions going unrecorded. In fact, a recent report conducted by Stephen Hall, an adviser to...

A young, unemployed engineer from Chania, Crete, decided to end his life last week after falling into substantial financial debt. The 31-year-old man went to a grove in the rural area of Mournia, where he used a makeshift noose to...

When the financial crisis hit Greece four years ago, many Greeks decided to emigrate, leaving behind the Mediterranean climate of their country and choosing to move to places such as Winnipeg, Canada. Lia and Stefano Boukis left Greece a year ago after...

In the midst of the financial crisis, Greece has been placed among the 10 most miserable countries in the world, according to findings of a CATO Institute survey. Greece was ranked 10th on a list with the most miserable countries,...

Governor of the Bank of Greece Giorgos Provopoulos argued in a Wall Street Journal article Monday that the implemented reforms in Greece have produced results, while underlining that the biggest challenges for the country are complacency and reform fatigue. In...

A recent article in London's Financial Times refers to the recent Greek bond auction, cautioning that investors have not learned the lessons of the financial crisis but instead "swung from blind panic to short-sighted complacency within less than two years". Philippe Legrain's article...