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Greece

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

Greece

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

Business Line

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

Economy

Syriza prepares for post-election 'big battle' over Greek debt relief

Reviving Greek banks and the country’s crippled economy will be the government’s priorities – along with demanding debt relief from creditors – so

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Economy

Jobless rate in Greece dips by two percent

Unemployment in Greece fell by two percentage points in the second quarter – but the jobless rate remains the highest in the EU with just under one

World

Greece's Meimarakis wants big coalition if victorious after election

For years Vangelis Meimarakis has served in centre-right governments accused by the left of leading the country to the brink of financial crisis now

Greece

Latest opinion polls suggest Greek election will be inconclusive

With just a week to go before Greece has another general election the latest opinion poll suggests the result is still too close to call with the two

My Europe Series

Struggling to survive: Greek SMEs count the cost of reform

Greeks go to the polls once again this month over a bailout package that has deepened their country’s political turmoil. Prime Minister Alexis

Economy

Greek unemployment up to 25.2 percent in June

Unemployment in Greece rose to 25.2 percent in June, a slight rise of 0.2 percent from the previous month. The seasonally-adjusted figure was the

Economy

Greek economy defies expectations

Despite the debt and political crisis in Greece the country’s economy is defying expectations The government may be in crisis with new elections on

Greece

Greek president offers government mandate to new anti-austerity party

President Pavlopoulos has met the leader of Greece’s newest anti-austerity party and charged him with the task of forming a government

Economy

Greece: bailout approved but Syriza is divided

The Greek parliament has approved the details of the country’s third multi-billion euro bailout by foreign creditors in five years. It followed hours

Greece

Tensions rumble in Athens ahead of crucial Greek bailout vote

The holiday atmosphere in the Greek capital belies the tension brewing in Parliament. MPs are set to vote on a multi-billion euro bailout deal. With

Business Line

Banking losses mar Athens stock exchange reopening after five-week shutdown

Greece’s main stock index fell sharply when it finally reopened on Monday after a five-week closure – that’s when investors got their first

World News

Greece: Anti-austerity protesters denounce 'ever-closer' bailout deal

Anti-austerity protesters marched on the streets of Athens on Wednesday as Greece moves closer to concluding a deal with lenders on a multi-billion

Economy

More Stock Exchange losses in Greece as banking shares plunge

After a Black Monday, it is proving to be a tumultuous Tuesday on the Athens Stock Exchange. Stocks were down 4.5 percent in early trade, a day after

Greece

Newly-opened Athens stock market plunges after five-week shutdown

Greece’s stock exchange has plunged by nearly 23 percent after opening for the first time in five weeks. It is the market’s biggest fall on record

Greece

Greek PM suggests party referendum to overcome split in Syriza

Economy

Greece: parliament approves reforms but opinion is divided

Agreeing to reform the judiciary and banking systems was a key step for Greece. Talks can now start with international creditors on the country’s

Greece

Greek lawmakers pass second reform package

After heated debate Greece's parliament approves second set of bailout measures which this time deals with failed banks and introduces judicial changes.