Syndicate contentdebt crisis

Kerry praises Greece for tough economic choices

US Secretary of State John Kerry praised the Greek government Friday for making "tough choices" to resolve the country's economic crisis and said he believed the situation was improving.
AFP: January 18, 2014

'Troika' takes flak from EU lawmakers over crisis conditions

EU lawmakers put the Troika under the microscope this week, wanting to know how and why the trio of international creditors imposed eurozone debt bailouts at such high cost to the ordinary public.
AFP: January 16, 2014

Greece reports 691m euros primary surplus in 2013

The Greek budget presented a primary surplus of 691 million euros (on a revised cash basis) in 2013 from a primary deficit of 3.464 billion euros in 2012
January 15, 2014

Greece in search of dignity, as crisis subsides

After more than four years of international humiliation as the result of an economic crisis that has piled innumerable indignities on its people, Greece is keen to restore some national pride.
EUObserver: January 13, 2014

Is the Greek crisis over?

No sooner had the Prime Minister of Greece made a resounding statement that the crisis was over and the country has overcome the terrible period of economic decline as protests began in Athens.
Pravda: January 13, 2014

Germany pledges aid to Greece, urges reform

Foreign Minister Frank-Walter Steinmeier promised further financial aid to Greece as he met with Greek premier Antonis Samaras in Athens on Friday morning. In return the government must push forward with reforms, he warned.
The Local.de: January 10, 2014

Greece jobless rate hits record high in October

Official data show Greece’s unemployment rate rose to a new record high in October last year, highlighting the ravages of a six-year recession.
Press TV: January 9, 2014

Greece misses 2013 selloff target after auditor blocks asset sale

Greece's court of auditors has blocked the sale of 28 state assets to two Athens-based companies, the privatisation agency said on Wednesday, meaning the country will miss its 1.3 billion euro target for selloffs in 2013.
Reuters: January 8, 2014

Justifying the doomsayers by default

Every time a step is taken to deregulate the market, two things happen: citizens acquire more choices and doomsayers spell disaster.
Paschos Mandravelis: January 7, 2014