Economy

Varoufakis: Greece reliving the Great Depression

Never one to eschew the dramatic, FinMin Yanis Varoufakis likened the current situation in (still) recession-plagued Greece with the Great Depression of the 1930s.

In his speech at the Greek-French Chamber, as long as a political solution is delayed, the recession will wear down the common currency and turn the peoples of Europe against each other.

Ex-SDOE chief Diotis says he received altered Lagarde list

The former head of the Financial Crime Squad (SDOE), Yiannis Diotis, on Wednesday denied any wrongdoing in the handling of the Lagarde list and insisted that the memory stick he was given containing the names of Greeks with deposits in Switzerland had been tampered with before he got his hands on it.

Turkish Central Bank puts blame for high inflation on food prices

The improvement in Turkey's core inflation continued in February, with the slight rise largely due to food prices, the Central Bank announced on March 4.

In a statement after data on March 3 showed consumer prices in February rose by 0.71 percent, slightly lower than expected, the Bank stated that non-food annual inflation continued to fall.

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