iOS app Android app

Greece Economy

In Greece, Orthodox Priest Buys Inmates Their Freedom

AP | COSTAS KANTOURIS | Posted 08.10.2014 | Religion

THESSALONIKI, Greece (AP) — Germany made headlines this week by letting Bernie Ecclestone, the Formula One chief, pay $100 million to end his briber...

Crisis Has Been Overcome, Even if Europe Is Still Not Out of the Woods

Volker Kauder | Posted 07.23.2014 | World
Volker Kauder

Today -- shortly before the European elections -- we all can be a little relieved, take an interim balance and say: Yes, for now the efforts on both sides have been worth it. Europe, its states and the Euro did not prostrate.

Joe Biden And Greek Leader Discuss Economy And Ukraine

AP | Posted 04.03.2014 | Politics

WASHINGTON (AP) — Vice President Joe Biden has discussed Greece's economic future and the situation in Ukraine with Greek Prime Minister Antonis Sam...

A Commentary on Greece's Economic Outlook

Evangelos A. Calamitsis | Posted 04.23.2014 | Politics
Evangelos A. Calamitsis

Greece needs to put an end to fiscal austerity and abandon the current reform program supported by its euro area partners and the International Monetary Fund (IMF).

Greece Will Likely Begin Recovery This Year: Is Austerity Working?

Mark Weisbrot | Posted 03.26.2014 | Politics
Mark Weisbrot

The Greek economy is going to grow next year because of a significant policy reversal. The fiscal tightening is basically coming to an end. Why is this so important? Because the people who supported the policy of the last four years will, when the Greek economy begins to recover, claim that the "austerity worked." But even the IMF's own analysis refutes this claim.

Athens in 1 Day, 2 Locals and 6 Questions

Katherine LaGrave | Posted 03.15.2014 | World
Katherine LaGrave

Greece has been a country hit hard by austerity measures, and no city more prominently than Athens. Curious to see how residents in the capital viewed these issues, I walked the streets of Athens and spoke to two locals -- same day and same questions.

Time to Give Greece a Chance

Sabby Mionis | Posted 02.02.2014 | World
Sabby Mionis

Greece seems to be achieving the impossible. Almost a year after in found itself at the bottom of the barrel, the government has achieved a primary budget surplus by embarking on unprecedented budget cuts and imposition of taxes.

Mediterranean Diet the Focus of Greek Food Startups

Elena Paravantes RD | Posted 01.25.2014 | Home
Elena Paravantes RD

If you look beyond all the packaging, business plans and awards what you see are young people embracing the humble ingredients of their traditional diet, which is slowly fading.

Greece Shuts Down As Thousands Protest Austerity

AP | ELENA BECATOROS | Posted 11.06.2013 | World

ATHENS, Greece -- ATHENS, Greece (AP) — Services across Greece shut down Wednesday as unions staged a 24-hour general strike and held peaceful demon...

Greek State TV Resumes News Programing

AP | ELENA BECATOROS | Posted 10.21.2013 | World

ATHENS, Greece — Europe's association of public broadcasters pulled the plug Wednesday on transmissions by the sacked workers of Greece's now de...

Just Like Sisyphus, Greeks Are Forever Pushing That Boulder Up the Hill

Elena Panaritis | Posted 08.27.2013 | World
Elena Panaritis

Austerity is not a cure to the solvency crisis. It cannot and should not be considered a sustainable way out. What Greece and the rest of Europe need right now are leaders who can lead, instead of leaders trying to sugarcoat the issues in hopes of averting opposition from the people.

Greece Shutting Down State Media To Save Money

AP | NICHOLAS PAPHITIS | Posted 08.11.2013 | World

ATHENS, Greece — Greek state TV and radio were gradually pulled off the air late Tuesday, hours after the government said it would temporarily c...

The "Dictatorship of the Elites" in Greece

Thanos Dimadis | Posted 04.28.2013 | World
Thanos Dimadis

One of the major mistakes that international and European observers often make in their analyses about Greece is that they focus way too much on the p...

Les Miserables of Greece

Justine Frangouli-Argyris | Posted 04.22.2013 | World
Justine Frangouli-Argyris

Yesterday's prosperous citizens require international humanitarian assistance and a strong support from the Greek-American community at large. The Greek government and its European allies cannot pretend that nothing is amiss anymore.

European Authorities Still Punishing Greece -- Can They Be Stopped?

Mark Weisbrot | Posted 04.17.2013 | Politics
Mark Weisbrot

Alexis Tsipras has a tough job. He is leader of the Syriza Party of Greece, a left party that has risen meteorically in the past three years: from 4....

Austerity Protests Descend Into Violence

AP | DEREK GATOPOULOS | Posted 12.18.2012 | World

ATHENS, Greece — Hundreds of youths pelted riot police with fire bombs, bottles and chunks of marble Thursday as yet another Greek anti-austerit...

The Austerity Trap: Is Past Prologue?

Michael S. Lofgren | Posted 12.11.2012 | World
Michael S. Lofgren

Predictably, the unemployment rate rises above 25 percent, riots and demonstrations ensue, and an extreme right-wing party rapidly gains adherents. What this will mean for Europe's political future is unclear.

RECORD: 1 In 4 Greeks Unemployed

AP | NICHOLAS PAPHITIS | Posted 12.11.2012 | World

ATHENS, Greece — Unemployment in Greece hit a record high of 25.1 percent in July as the country's financial crisis continues to exact its heavy...

Cautions From Corfu

Debora L. Spar | Posted 11.05.2012 | College
Debora L. Spar

Europe must decide whether to accept the political bargain that was always there -- the loss of national sovereignty implicit in union -- or whether, more dangerously again, to try to go it alone.

Who Will Determine Greece's European Future?

Mohamed A. El-Erian | Posted 10.31.2012 | Business
Mohamed A. El-Erian

Greek officials should certainly hope that collective European action will succeed in stabilizing these other two countries' economies. But they should also realize that too great a success could, ironically, map into a higher probability of a Grexit.

Greece: Time for a Peaceful Revolution

Edith Ismene Nicolaou-Griffin | Posted 10.30.2012 | World
Edith Ismene Nicolaou-Griffin

For many young Greeks who face a record 50 percent unemployment rate, immigration seems to be the only practical option. Societal values are changing as different attitudes are evolving.

Greek PM Pledges Growth As Recession Deepens

AP | NICHOLAS PAPHITIS | Posted 09.23.2012 | World

ATHENS, Greece — Greece's prime minister warned Tuesday that the country's battered economy is expected to contract by 7 percent this year, but ...

Why Travelers Should Still Be Booking Greece Trips

Peggy Goldman | Posted 09.23.2012 | Travel
Peggy Goldman

The travel media has a great deal of power to correct errors in perception and help restore the image of Greece as a perfect destination for a summer vacation.

Ex-Greek Finance Minister: Cuts 'Almost Impossible'

AP | Posted 09.16.2012 | Business

ATHENS, Greece (AP) — The head of a party in Greece's new coalition government on Tuesday said the country's recession made it "almost impossible" f...

Greece Knows Where Its Priorities Lies

AP | DEMETRIS NELLAS | Posted 07.08.2012 | Business

ATHENS, Greece -- Greece's three-party coalition government will try to get the economy out of its deep recession by encouraging private investment an...