All News on Economics in Greece

German model to protect jobs

The government is pondering different schemes to tackle reduced employment that would see it subsidizing part of lost salaries or social security contributions, once the country enters the stage of a gradual return to a new kind of normalcy.

Drop in social expenditure in 2016 and 2017

Social protection spending in Greece fell in 2016 and 2017, according to the latest Hellenic Statistical Authority (ELSTAT) data, despite the social profile the previous government tried to project, mainly through the handouts made at the end of every year.

Editorial: From the ‘Chicago boys’ to the ‘Texas boys’

Ta Nea on 9 November published an interview with American economist and Nobel Prize winner Joseph Stiglitz in which he essentially admitted that he and a team of his colleagues from the University of Texas in 2015 were working on a plan for Greece to return to the drachma and leave the eurozone.

He viewed this prospect as an attractive solution for Greece's economic problems.

The frivolous Mr. Stiglitz: An open letter by Nicos Christodoulakis

Dear Mr. Stiglitz,

It was an unpleasant surprise to hear that you participated along with other US academics in preparing a plan for Greece to exit the euro in 2015. The feeling was even harder, since you still believe that it was "carefully set" and seem rather disappointed for not finally implemented.

Η Eurobank πούλησε 180 επαγγελματικά ακίνητα

Greek olives escape US tariff hike

European producers of specialty agricultural products like French wine, Italian Parmesan and Spanish olives are facing a US tariff hike due on Friday with a mix of trepidation and indignation at being dragged into a trade war they feel they have little to do with.

US tariffs to hurt peach and can producers

Exporters and farmers alike are seriously concerned about Washington's intention to impose additional tariffs on a series of Greek products, at a time when local exports to the United States have been staging a recovery.

AI to help retailers measure up their clientele

New technology that will be introduced at an unnamed retail chain in Greece as of November will allow the business access to the private information of its customers, from gender and age group to body size, with a scan.

Greece must prove it means business

As next year looks set to bring multiple challenges in global markets, it is important for Greece to convince international investors that the fiscal risk has diminished and to normalize its credit system, UBS Wealth Management Global Chief Economist Paul Donovan tells Kathimerini.

Greek bank shares tumble amid fears over bad loans

Greek banking shares are down sharply amid investor fears over lenders' needs to reduce their large stock of bad loans resulting from the financial crisis.

A possible path for employment in the years ahead

In this follow-up Note for Discussion, we can complete the decomposition of the working-age population (WAP) into its component parts of participation (those people of working age who are working or looking for work), the labor force, unemployment, and, now, employment.

Varoufakis launches new political party

Yanis Varoufakis, Greece's former finance minister who transfixed Europe with his unconventional style at the climax of the debt crisis, launched a new party on Monday promising to free his country from debt bondage.

Joseph Stiglitz discusses 'value crisis' at Davos, Greek crisis

Joseph Stiglitz is a Davos veteran. The renowned economist and winner of the 2001 Nobel Memorial Prize has attended dozens of World Economic Forum sessions in a number of capacities (including vice president of the World Bank and chairman of the Council of Economic Advisers under the Clinton administration). 

Outgoing EWG leader: only SYRIZA gov't really embraced reforms

Outgoing Euro Working Group Thomas Wieser has said that no other government has embraced economic reforms linked to Greece's bailout program to the extent that the current coalition led by leftist SYRIZA.