A “black hole” in Greece’s social security system is estimated to reach a whopping 14.6 billion euros, of which 50 percent deals with debts accumulated by the state health care…
Another three Greek national television broadcasters joined a previous trio in filing an injunction against a tender by the government to grant television licenses, a highly contentious issue given that…
The Greek government was gauging the effects of the vote for Brexit in the hours and days after the referendum in Britain, with the main emphasis on what repercussions are…
Moody’s Investors Service has today changed the outlook on the UK’s long term issuer and debt ratings to negative from stable. Both ratings are affirmed at Aa1.
Today’s rating action reflects the…
Greece’s exporters’ association on Friday referred to a spectre of “uncertainty” now hovering over European and global trade due to the result of Thursday’s referendum in Britain.
The association said…
Greek Prime Minister Alexis blamed austerity and a lack of Europe-wide cooperation to deal with the migrant crisis as behind the result of Thursday’s referendum in Britain over continued EU…
French-Lebanese shipyard executive and developer Iskandar Safa this month requested arbitration by the International Centre for Settlement of Investment Disputes (ICSID) in his dispute with the Greek state over the…
The European Bank for Reconstruction and Development (EBRD) on Friday unveiled what it called its country strategy for recession-plagued Greece, with its board identifying several key areas for investment. …
Britain’s vote to exit the European Union will have a limited impact on the Greek economy, central bank officials said on Friday.
“The impact of Brexit on Greece will be…
Over a third of German manufacturers fear that a Brexit will negatively impact their business. The exact figure is 38 percent, according to data released by the Ifo Institute on…
Dock workers and stevedores at the port of Piraeus on Thursday announced that they will suspend industrial actions during the regular work week but continue to abstain from overtime and…
Chinese e-commerce giant Alibaba will soon arrive in Greece, according to the Athens Professional Chamber of Commerce.
The chamber said a delegation of Alibaba executives will arrive in Greece in…
By A. Doga
Greek banks have reportedly lowered expectations for a return of deposits that fled before capital controls imposed in the country last July, with a figure of three…
The UK’s decision to leave the European Union will lead to a prolonged period of uncertainty that will weigh on the country’s economic and financial performance and will be credit negative for…
Ifo President Clemens Fuest regrets the Brexit. “The decision by British voters in favour of a Brexit marks the defeat of common sense”, said Fuest on Friday.
“Politics now has…
A fight between three Egyptian men being temporarily hosted at a migrant shelter on the eastern Aegean island of Hios (Chios) left one of the trio dead.
According to initial…
Greek Prime Minister Alexis Tsipras more-or-less pointed to what’s expected to be the next “tug-of-war” between his leftist government and institutional creditors in talks to conclude a second review of…
The European Central Bank on Thursday lowered the cap on emergency liquidity assistance (ELA) that Greek lenders can draw from the Bank of Greece (BoG) by seven billion euros, with…
Possible changes in Greece’s election law topped the agenda of political developments on Thursday, as the government recently – and for some abruptly — announced initiatives for constitutional revision and…
Alternate Migration Policy Minister Yannis Mouzalas made the statement in answer to a question by Communist Party (KKE) deputy Stavros Tassos.
He added that 8,000 requests for asylum are now…
By V. Kostoulas [email protected] @VasKostoulas Editing: Vanias Staurakakis
Noted British author and journalist John Andrews calls Thursday’s referendum on the United Kingdom’s European Union membership an “open contest”, but one in…
Athens has no reason to fear the consequences of a Brexit vote, Greece’s Alternate Foreign Minister for European Affairs, Nikos Xydakis, told EurActiv.com on Wednesday.…
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis was equally critical of both the leftist Greek government in power and creditors, in referring to economic policy in the recession-battered country…
By Vasiliki Bozani Economics Research Center University of Cyprus
Six years after the Memorandum I (2010) and the presence of two new memoranda (2012, 2015) between the Greek government and…
by Athanasios Adamopoulos
[email protected]
The European Stability Mechanism (ESM) plans to make its first intervention on the touchy issue of Greek debt relief within 2016, Klaus Regling, the ESM’s managing director…
By D. Alexaki
A major “hiccup” has occurred in an agreement to form a joint company by two of Greece’s biggest super market chains, Sklavenitis and Marinopoulos, according to reports…
Capital controls imposed in late June 2015 in tandem with the political and economic stability in Greece for much of the year had a significant effect on the local banking…
By T. Igoumenidi
Greek-controlled contractor J&P Avax on Wednesday announced that it had won a 400-million-dollar contract for the design, construction and turnkey operation of a 1,500-MW power station outside…
The ECB on Wednesday decided to reinstate a waiver that allows Greek lenders to use Greek bonds as collateral, a long-anticipated measure that the government and capital control-plagued domestic banking…
EU Commission President Jean Claude Juncker explained his views of last July’s referendum in Greece on whether to accept or reject an offer tabled at the time by creditors, in…
