Syndicate contentdebt crisis

Latest GDP figures a sign of economic recovery, finance ministry says

The latest non-seasonally adjusted GDP figures released by the independent statistical authority ELSTAT were greeted as a sign of a gradual return to economic growth, in an announcement released by the finance ministry on Friday.
February 17, 2014

Greece jobless rate hits new record of 28%

The jobless rate in Greece reached a record high of 28% in November, according to newly released government figures.
BBC: February 15, 2014

Govt denies it requires third bailout

While Prime Minister Antonis Samaras claims Greece's primary surplus for 2013 will be €1bn, Eurostat's chief insists 'his agency does not calculate the numbers as per Samaras' wishes but according to the rules and standards' of the Maastricht treaty
Enet: February 10, 2014

In Greece, recovery starts with fast food and coffee

Graphics artist and part-time barmaid, Mariza Papasmiria struggled for years juggling her two jobs, working seven days a week for 1,600 euros ($2,200) a month.
AFP: February 4, 2014

Jacques Delors: 'I do not regret Greece's entry into eurozone, but delay would have helped'

The Greek governments are to blame for the country's present state, former president of the European Commission Jacques Delors said in an interview for Kathimerini newspaper on Sunday.
February 2, 2014

Greek soldiers lack of meat due to economic crisis

The Greek Cypriot National Guard (GCNG) is out of white and red meat in recent days.
Cihan News Agency: January 24, 2014

Deflation in Greece hits the books, not the shelf

It may not be a free haircut, but prices in Greece are finally getting trimmed after salaries were hacked back.
AFP: January 21, 2014

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