All News on Economics in Greece
Flexible labor forms do the job
The Labor Ministry's September hirings data point to the complete domination of flexible forms of labor in Greece, leading to an increase in the rate of underemployment, which has almost trebled over the course of the crisis.
Part-time work is on the rise as wages fall
Part-time workers and the hard-core unemployed have almost tripled during Greece's debt crisis despite a recent drop in the jobless rate, the country's largest labor union GSEE said Wednesday. Hundreds of thousands of people have lost their jobs in Greece since it tumbled into crisis in 2010.
'Shame on you' chant Greek pensioners over bailout cutbacks
Several hundred elderly Greeks shouting "shame" marched through Athens on Tuesday protesting against deep cutbacks to pension payments ordered by the indebted country's creditors.
In weak autumn sun and a city teeming with tourists, pensioners took to the streets angered by more than a dozen rounds of cuts since Greece toppled deep into crisis in 2010.
Greek journalists on 24-hour strike over social security
Greek journalists have walked off the job for 24 hours to protest underfunding of their social security fund, which came as a result of austerity measures demanded by Greece's bailout creditors.
Draft budget sees revenue gap, new measures
A draft budget for 2018 presented in Parliament on Monday predicted strong growth but also pointed to a significant revenue shortfall this year that is likely to result in nearly 2 billion euros in new austerity measures next year.
EU Summit starts with informal talks on future of Union in Tallinn
The EU Summit kicked off in Tallinn, Estonia Thursday night with informal talks about the future of the EU as a political entity at the leaders’ dinner. It was effectively the first test of French President Emmanuel Macron’s vision for a more integrated EU.
Greek current account surplus widens in July, tourism revenues rise
Greece's current account surplus rose in July compared to the same month a year ago due to a stronger services balance and a smaller income account deficit, the Bank of Greece said on Wednesday.
Eurobank unveils analysis on why Greece remains in memoranda programmes
The reasons why the Greek crisis was so profound and long-lasting, and why Greece was currently the only country that had yet to emerge from memoranda programmes, were the focus of a Eurobank analysis unveiled on Wednesday. According to the study’s authors, the country’s ability to service its debts could not alone explain the protracted loss of confidence in its prospects.
Greek current account surplus shrinks in June, tourism revenues rise
Greece's current account surplus shrank in June compared to the same month a year earlier due to a wider trade gap and a deficit in the primary income balance, the Bank of Greece said on Monday.
Any Greek market foray should be first step to full return, gov't spokesman says
Greece wants to disengage its reliance from official creditors by the time its bailout program expires, its government spokesman said on Thursday, as speculation grew that the country's first debt market foray in three years was imminent.
Any market foray should be first step to full return, gov't says
Greece wants to disengage its reliance from official creditors by the time its bailout program expires, its government spokesman said on Thursday, as speculation grew that the country's first debt market foray in three years was imminent.
Government 'jumped under the bar,' Greek opposition says
New Democracy opposition reacted to the 8.5 billion euro bailout deal agreed between Greece and creditors on Thursday saying that the left-led government had "jumped under the bar."
"The government won no substantial improvement compared to the deal it turned down three weeks ago," the conservative party said in a statement.
Greek current account deficit widens in March, tourism revenues drop
Greece's current account deficit widened in March compared to the same month a year earlier, as a higher trade gap more than offset an increase in the services balance surplus, the Bank of Greece said on Monday.
Greek current account deficit widens in February, tourism revenue drops
Greece's current account deficit widened in February compared to the same month a year earlier, as a higher trade gap more than offset an increase in the services balance surplus, the Bank of Greece said on Thursday.
Discover how your country ranks up in the 2017 Index of Economic Freedom
The Heritage.org, releases the Index of Economic Freedom. It includes valuable data for all countries which can help us understand the diplomatic and geopolitical situation worldwide a bit better.
Here is how they explain it: