recession

Greece needs a generous 100-billion-euro debt haircut in order to be able to come out of a perpetual financial slump, says a Telegraph report. An analysis by the National Institute of Economic and Social Research (NIESR) says that the impact...

House Speaker Zoe Konstantopoulou called the yearly Bank of Greece report on fiscal policy "unacceptable" and accused the bank governor of "uninhibited interventionism" as she returned it. Earlier today (Wednesday) the Bank of Greece 2015-2015 fiscal report was made public. It...

The Greek economy entered a new period of recession as the first quarter of 2015 gross domestic product dropped by 0.2 percent compared to the fourth quarter of 2014. According to figures by the Hellenic Statistical Authority (ELSTAT) released on...

An agreement with creditors is urgent because the country is in danger of falling into deep recession and the government's lack of strategy harms the economy, says the quarterly report of the Parliamentary Budget Office. According to the report, the...

Unemployment in Greece dropped slightly, but remains high, reaching 25.8 percent in November. According to a report by the Hellenic Statistical Authority (ELSTAT) published on Thursday, figures show that the Greek economy is shyly emerging from a six-year recession. November's statistics...

The need for national consensus that constitutes “the only way out today” and the agreement of the political parties on four national strategy directions for the Greek economy, was underlined by the Hellenic Federation of Enterprises (SEV) in an...

It seems that Greeks cannot afford to drown their recession sorrows in booze, an Infobank Hellastat study showed. The figures released show a 45% decline in alcohol sales since the start of the recession in 2008, according to a report from...

In a recent interview to the Athens-Macedonian News Agency, German MEP Gabi Zimmer, leader of left-wing Die Linke in European Parliament, argued that Germany must pay war reparations to Greece, for damages caused by the Nazi occupation. Zimmer said that her party has...

European Central Bank's decision to buy 500 billion euro bonds and cut interest rates by 0.05% is expected, according to analyst estimates, to boost the European economy that is threatened by recession and deflation. This decision means that the ECB will print money, loosen...

Six out of ten economists in a Bloomberg News survey said Greece will need to top up the 240 billion euros of loans received from Europe and the International Monetary Fund since 2010, when it lost access to bond...