All News on Economics in Greece

Itemized: SYRIZA’s proposals to creditors in a nutshell

Under mounting pressure, Greece presented its new reform proposals to its Eurozone partners on Monday aimed at the release of 7.2 bn euros worth of bailout funds benchmarked for Greece. An agreement is needed to stave off a Greek default.

Greece-Russia Political Agreement on Gas Pipeline 'Ready'

Greek Energy Minister Panagiotis Lafazanis has said that the political part of an agreement between Moscow and Athens over an extension to the so-called "Turkish Stream" pipeline is now ready to sign.

Bild report denied, Merkel wants Greece in Eurozone

A German government spokesman denied a report by German tabloid Bild that states that German Chancellor Angela Merkel was preparing for a Grexit. Speaking to Reuters, he said that Germany wants to keep Greece in the eurozone.

Euro falls as IMF walks out of Greek bailout talks

The euro fell on Friday as hopes for a Greek bailout deal took a hit after the International Monetary Fund pulled out of crunch talks between Athens and its creditors.

In Tokyo, the single currency was at $1.1229 and 138.63 yen, against $1.1260 and 139.00 yen in New York.

The dollar bought 123.47 yen against 123.45 yen.

ATHEX: Impasse in talks brings more losses

The Greek stock market?s benchmark returned to a southbound course on Wednesday, following another session of low trading volume, due to the lack of progress in negotiations between Greece and its creditors, while the sense that the entire market has been holding its collective breath for months now is palpable.

Bulgaria's GDP Growth Surpassed EU Average in First Quarter of 2015

According to the second estimate of Eurostat, which was released on Tuesday, Bulgaria's GDP growth surpassed the EU average in the first quarter of 2015.

The country's GDP in the first quarter of 2015 increased by 0.9 % compared to the previous quarter, while there was a 2 % growth compared to the same quarter in 2014.

Athens Stock Exchange: Downward spiral!

Equity prices tumbled at 11 a.m. on Friday on the Athens Stock Exchange (ASE) following the news that Greece would not be making its IMF debt repayment. The basic share price index fell 3.14 percent at 800.99 points and turnover at 10.85 million euros.

Intl media react to news of IMF payment delay

International media, particularly financial news providers, were abuzz on Thursday at the news that Greece’s radical leftist government requested that it bundle its payments to the IMF this month.

The request came a day before Greece was scheduled to pay back 300 million euros to the IMF.

Unemployment at 25.6 percent in March

Unemployment in Greece stood at 25.6 percent in March, unchanged compared to the previous month, the Hellenic Statistical Authority (ELSTAT) announced on Thursday.

The unemployment figure for March was lower than the 26.9 percent figure recorded the same month last year.

Economic sentiment sinks to lowest level in 18 months

By Dimitra Manifava

The mood regarding the economy in Greece is at its gloomiest in the last 18 months as the uncertainty over the future grows and fears of the worst are far from banished, according to a survey on economic sentiment by the Foundation for Economic and Industrial Research (IOBE) published on Tuesday.

Greek exit would only be 'hiccup' in Europe rally, GAM CEO says

By Giles Broom

A Greek exit from the euro area would only bring a temporary halt to the rally in European equities and high-yielding credit, GAM Holding AG Chief Executive Officer Alexander Friedman said.

Greece cannot compromise any more, says labor minister

Greek Labor Minister Panos Skourletis said on Tuesday that Athens could not make more concessions in negotiations for a cash-for-reforms deal and its international lenders must assume their responsibilities.

"There is no room for more compromises. We are waiting for the other side to assume its responsibilities,» Skourletis told Greece's Skai TV.