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Greek economy

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Business

Eurogroup pushes Greece on reforms

EU finance ministers are pushing Greece to press ahead with reforms so it can receive 2.8 billion euros bailout cash from the EU and International Monetary Fund by the end of October.

EU finance ministers are pushing Greece to press ahead with reforms so it can receive 2.8 billion euros bailout cash from the EU and International Monetary Fund by the end of October.

Business

Greek economy still struggling despite mild Q2 expansion

Greece's battered economy grew between April and June - but only by 0.2 percent from the first three months of the year and it shrank by 0.9 percent from the same period last year.

Greece's battered economy grew between April and June - but only by 0.2 percent from the first three months of the year and it shrank by 0.9 percent from the same period last year.

Business

Greek tourism under pressure

The 2016 holiday season is crucial to Greece's economic recovery, but Euronews found many in the tourism industry there are not hopeful.

The 2016 holiday season is crucial to Greece's economic recovery, but Euronews found many in the tourism industry there are not hopeful.

Business

ECB agrees cheaper loans to fund Greek banks

The European Central Bank has agreed to accept 'junk' rated Greek debt as collateral for normal "ECB":http://www.ft.com/cms/s/0/10708ef6-387a-11e6-9a05-82a9b15a8ee7.html#axzz4CPd5i6K9 lending to banki

The European Central Bank has agreed to accept 'junk' rated Greek debt as collateral for normal "ECB":http://www.ft.com/cms/s/0/10708ef6-387a-11e6-9a05-82a9b15a8ee7.html#axzz4CPd5i6K9 lending to banki

News

Greece's Finance Minister warns Europe needs to listen to its people

Greece has at times in the past seven years seemed like a sacrificial lamb on the altar of a strong euro, with its people being asked to suffer for past government incompetence or worse that put the e

Greece has at times in the past seven years seemed like a sacrificial lamb on the altar of a strong euro, with its people being asked to suffer for past government incompetence or worse that put the e

Nocomment

Greek state hospital workers protest cuts

Striking state hospital workers and teachers protested in Athens on Wednesday, demanding back pay and calling for action on staff shortages.

Striking state hospital workers and teachers protested in Athens on Wednesday, demanding back pay and calling for action on staff shortages.

Business

Greek businesses welcome tourist influx, worry about tax hike effects

Greece believes a bumper influx of tourists this year will boost its economic recovery, but there are fears bailout linked sales tax hikes could threaten businesses.

Greece believes a bumper influx of tourists this year will boost its economic recovery, but there are fears bailout linked sales tax hikes could threaten businesses.

Business

Putin and Tsipras focus on trade and investment

Russian President Vladimir Putin and Greek Prime Minister Alexis Tsipras are expected to focus on trade and investment during their meetings in Athens.

Russian President Vladimir Putin and Greek Prime Minister Alexis Tsipras are expected to focus on trade and investment during their meetings in Athens.

Business

Difficult austerity vote is key to more Greek bailout cash

With Greece fast running out of money and loan repayment deadlines looming, the parliament is heading towards another austerity vote - a major test for Prime Minister Alexis Tsipras.

With Greece fast running out of money and loan repayment deadlines looming, the parliament is heading towards another austerity vote - a major test for Prime Minister Alexis Tsipras.

News

Exclusive: Greek PM says crisis nearly over, no more austerity needed

The Greek economy is just one step away from a recovery but needs debt relief, not further austerity, to overcome its crisis for good, Prime Minister

The Greek economy is just one step away from a recovery but needs debt relief, not further austerity, to overcome its crisis for good, Prime Minister

Business

Gloomy outlook for Greek economy as recession bites deeper

The Greek economy looks set to shrink by 1.0 percent this year putting a further squeeze on ordinary Greeks and businesses after a 0.3 percent contraction in 2015.

The Greek economy looks set to shrink by 1.0 percent this year putting a further squeeze on ordinary Greeks and businesses after a 0.3 percent contraction in 2015.

Business

Greece and troika move closer to review of bailout deal

Greece and the troika of international lenders are moving closer to a deal on a review of bailout reforms, which could free up more aid to help the cash strapped country.

Greece and the troika of international lenders are moving closer to a deal on a review of bailout reforms, which could free up more aid to help the cash strapped country.

News

Yanis Varoufakis and his plan to take on Europe - again

Former Greek finance minister Yanis Varoufakis locked horns with the European establishment, and ultimately had to stand down. But now the bad boy of

Former Greek finance minister Yanis Varoufakis locked horns with the European establishment, and ultimately had to stand down. But now the bad boy of

News

Is talk of a 'Grexit' a thing of the past or an ever present danger?

Greece dominated headlines around the world last year. Now the Athens government has a third rescue package in its hands worth up to 86 billion euros

Greece dominated headlines around the world last year. Now the Athens government has a third rescue package in its hands worth up to 86 billion euros

Business

Eurozone 'approves' 1bn euro loan for Greece, says EU official

Unconfirmed reports say eurozone deputy finance ministers have provisionally approved a one-billion euro loan for Greece. An unnamed EU official is

Unconfirmed reports say eurozone deputy finance ministers have provisionally approved a one-billion euro loan for Greece. An unnamed EU official is

News

Greece approves latest reform bill in exchange for 1 bn euros

Greece’s leftist-led government has survived another parliamentary vote on a reform bill demanded by the country’s international lenders. In return

Greece’s leftist-led government has survived another parliamentary vote on a reform bill demanded by the country’s international lenders. In return

Business

Unemployment in Greece falls - ever so slightly

Unemployment in Greece fell slightly in September. Official figures put the rate at 24.6 percent, down a tenth of a percentage point from an upwardly

Unemployment in Greece fell slightly in September. Official figures put the rate at 24.6 percent, down a tenth of a percentage point from an upwardly

News

US wants to help Greece emerge from economic crisis, says Kerry

US secretary of state is visiting the Athens. John Kerry met with the Greek foreign minister to discuss security after last month’s Paris attacks

US secretary of state is visiting the Athens. John Kerry met with the Greek foreign minister to discuss security after last month’s Paris attacks

Business

Slow Greek reforms cost Athens latest two billion euro aid package

The EU has withheld the latest two billion euro tranche of aid to Greece, destined to pay civil service salaries, because allegedly Athens has fallen

The EU has withheld the latest two billion euro tranche of aid to Greece, destined to pay civil service salaries, because allegedly Athens has fallen

Business

Greek parliament approves reform bill

The Greek parliament has approved reforms needed to unlock two billion euros of bailout aid. However several measures still have to be agreed with

The Greek parliament has approved reforms needed to unlock two billion euros of bailout aid. However several measures still have to be agreed with

Business

Greek 'red loan' debtors eye bank recapitalisation with trepidation

Greek banks have until the end of the week (November 6) to explain how they are going to raise 14.4 billion euros in extra new capital – according to

Greek banks have until the end of the week (November 6) to explain how they are going to raise 14.4 billion euros in extra new capital – according to

News

Trouble in paradise as six Greek islands lose tax breaks

For years the Greek Aegean islands have benefited from a VAT rate 30 percent lower than the rest of the country. The rate was set to act as an

For years the Greek Aegean islands have benefited from a VAT rate 30 percent lower than the rest of the country. The rate was set to act as an

News

New Greek cabinet gets to work on unpopular reforms

Greek Prime Minister Alexis Tsipras has chaired the first cabinet meeting of his new administration following his recent election victory. The

Greek Prime Minister Alexis Tsipras has chaired the first cabinet meeting of his new administration following his recent election victory. The

Business

Business Line: Syriza's rocky road ahead in Greece

In this edition of Business Line we focus on the political déjà vu in Greece, where voters headed to the polls in the country’s second elections of

In this edition of Business Line we focus on the political déjà vu in Greece, where voters headed to the polls in the country’s second elections of